Wellington Management Group 13F: Cuts AVY Stake by $55M

Wellington Management Group has trimmed its stake in Avery Dennison Corporation (NYSE: AVY) by about 6%. According to its latest 13F filing with the SEC, the fund sold 339,550 shares, reducing its holdings to approximately 5.31 million shares. The total value of this stake is now around $859.2 million, based on the filing dated May 15, 2026.

What Changed in Wellington Management's Avery Dennison Position

Wellington Management's recent move saw it reduce its position in Avery Dennison from about 5.65 million shares to 5.31 million shares, a decrease of 339,550 shares. This change represents a 6% reduction in its holdings, reflecting a strategic adjustment in the fund's portfolio as of the latest quarter.

Other Institutional Activity in Avery Dennison

Several other major institutional investors have also adjusted their positions in Avery Dennison. BlackRock, Inc. increased its holdings by 57,284 shares, bringing its total to about 6.38 million shares worth roughly $1.10 billion. Vanguard Capital Management LLC established a new position with 5.01 million shares valued at approximately $865.1 million. Meanwhile, State Street Corp added 53,428 shares, ending with 3.76 million shares valued at $648.4 million. In contrast, Morgan Stanley trimmed its position by 233,135 shares, now holding 3.64 million shares worth $628.0 million.

Avery Dennison Corporation Stock Down 7.7%

Shares of Avery Dennison (NYSE: AVY) are trading near $161.92. The company has a market capitalization of about $12.39 billion and a P/E ratio of 18.25. Its forward P/E stands at 14.50, with a beta of 0.83. Over the past year, the stock has ranged from a low of $152.42 to a high of $199.54. The stock's 50-day moving average is $162.57, while the 200-day moving average is $172.72.

Recent Earnings

Avery Dennison recently reported revenue of approximately $9.01 billion, reflecting a growth rate of 7%. The company posted an EPS of $8.87, with a net margin of 7.66% and a return on equity of 30.86%. The next earnings report is scheduled for July 21, 2026.

Dividend

Avery Dennison pays an annual dividend of $4.00 per share, yielding 2.47%. The payout ratio is 42.34%, indicating a sustainable dividend policy.

Insider Buying and Selling at Avery Dennison Corporation

On May 1, 2026, several insiders made transactions involving Avery Dennison shares. William Raymond Wagner bought 1,128 shares. Patrick Siewert bought and sold shares on the same day, acquiring 1,087 shares at $164.01 each and selling 1,414 shares. Bradley Alford and Andres Alberto Lopez also bought 1,128 and sold 1,087 shares, respectively.

Analysts Set New Price Targets

On April 30, 2026, Citigroup maintained its hold rating on Avery Dennison with a price target of $185. JP Morgan reiterated a buy rating with the same target on April 29. Truist Securities also reiterated its buy rating, setting a higher price target of $221. The consensus rating among analysts is a 'buy', with a mean price target of $200.3 across 10 opinions.

About Avery Dennison

Avery Dennison Corporation, headquartered in Mentor, Ohio, is a global leader in materials science and digital identification solutions. The company produces pressure-sensitive label materials, performance tapes, and other adhesive-based products. It serves a wide range of industries, including retail, logistics, and automotive. Avery Dennison employs about 35,000 people and is led by CEO Deon M. Stander.

Bottom Line

Wellington Management's recent reduction in its Avery Dennison holdings is part of its quarterly portfolio adjustments, as indicated in its 13F filing. Investors often track these filings for insights into institutional investment strategies, though they reflect past actions and may not represent current positions. Avery Dennison remains a significant player in the packaging and labeling industry, with a strong market presence and robust earnings performance.