Principal Financial Group Inc. Has $66.81 Million Stock Holdings in Avery Dennison Corporation $AVY

Principal Financial Group Inc. cut its stake in Avery Dennison Corporation (NYSE:AVY) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 367,294 shares of the industrial products company’s stock after selling 3,777 shares during the quarter. Principal Financial Group Inc.’s holdings in Avery Dennison were worth $66,805,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bartlett & CO. Wealth Management LLC lifted its position in Avery Dennison by 16,900.0% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 170 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 169 shares during the last quarter. Steigerwald Gordon & Koch Inc. acquired a new position in Avery Dennison in the 3rd quarter valued at $29,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Avery Dennison during the second quarter worth $37,000. Sound Income Strategies LLC grew its stake in shares of Avery Dennison by 51.1% in the fourth quarter. Sound Income Strategies LLC now owns 213 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 72 shares in the last quarter. Finally, True Wealth Design LLC raised its stake in Avery Dennison by 285.7% in the 4th quarter. True Wealth Design LLC now owns 216 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 160 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

Avery Dennison Stock Down 0.7%

Shares of NYSE AVY opened at $165.47 on Friday. The company has a market cap of $12.73 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 2.86 and a beta of 0.84. The company has a current ratio of 1.15, a quick ratio of 0.80 and a debt-to-equity ratio of 1.38. Avery Dennison Corporation has a 12 month low of $156.23 and a 12 month high of $199.54. The stock has a 50-day moving average price of $172.33 and a two-hundred day moving average price of $178.31.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.41 by $0.06. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. Avery Dennison had a net margin of 7.66% and a return on equity of 33.69%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period last year, the company posted $2.30 EPS. Avery Dennison has set its Q2 2026 guidance at 2.430-2.53 EPS. As a group, analysts forecast that Avery Dennison Corporation will post 10.06 earnings per share for the current fiscal year.

Avery Dennison Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. This is a boost from Avery Dennison’s previous quarterly dividend of $0.94. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.4%. Avery Dennison’s payout ratio is presently 45.10%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. UBS Group lowered their target price on shares of Avery Dennison from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Avery Dennison in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Avery Dennison in a research report on Wednesday, April 1st. They set a “buy” rating and a $200.00 price objective for the company. Raymond James Financial set a $192.00 target price on shares of Avery Dennison in a research report on Tuesday, April 21st. Finally, Truist Financial reiterated a “buy” rating and set a $221.00 price target (down from $223.00) on shares of Avery Dennison in a research report on Wednesday, April 29th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $204.11.

Insider Activity

In other news, Director Mitchell R. Butier sold 20,000 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $173.88, for a total value of $3,477,600.00. Following the completion of the transaction, the director directly owned 211,147 shares in the company, valued at approximately $36,714,240.36. This represents a 8.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.81% of the company’s stock.

Avery Dennison Profile

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.