Acco Brands Corporation (NYSE:ACCO – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.69 and traded as high as $4.07. Acco Brands shares last traded at $3.9150, with a volume of 578,554 shares changing hands.
Wall Street Analyst Weigh In
ACCO has been the topic of a number of recent research reports. Zacks Research raised shares of Acco Brands from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Weiss Ratings cut shares of Acco Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Wall Street Zen upgraded shares of Acco Brands from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 23rd. Finally, Barrington Research reiterated an “outperform” rating and issued a $5.00 price objective on shares of Acco Brands in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Acco Brands has an average rating of “Hold” and an average target price of $5.00.
Check Out Our Latest Research Report on Acco Brands
Acco Brands Trading Down 2.4%
Acco Brands (NYSE:ACCO – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. Acco Brands had a net margin of 4.76% and a return on equity of 12.58%. The firm had revenue of $343.70 million for the quarter, compared to analyst estimates of $319.93 million. Acco Brands has set its FY 2026 guidance at 0.840-0.890 EPS and its Q2 2026 guidance at 0.240-0.280 EPS. As a group, equities research analysts anticipate that Acco Brands Corporation will post 0.87 earnings per share for the current year.
Acco Brands Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, May 22nd will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Friday, May 22nd. Acco Brands’s dividend payout ratio (DPR) is 38.46%.
Insider Activity at Acco Brands
In other Acco Brands news, SVP Angela Y. Jones sold 57,217 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $4.02, for a total transaction of $230,012.34. Following the sale, the senior vice president directly owned 18,580 shares in the company, valued at approximately $74,691.60. The trade was a 75.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.30% of the company’s stock.
Institutional Investors Weigh In On Acco Brands
Several institutional investors have recently made changes to their positions in ACCO. Arrowstreet Capital Limited Partnership boosted its position in shares of Acco Brands by 102.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,550,367 shares of the industrial products company’s stock worth $5,550,000 after purchasing an additional 784,826 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Acco Brands by 27.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,148,160 shares of the industrial products company’s stock worth $11,743,000 after purchasing an additional 682,260 shares in the last quarter. Readystate Asset Management LP boosted its position in shares of Acco Brands by 63.6% during the 4th quarter. Readystate Asset Management LP now owns 1,517,338 shares of the industrial products company’s stock worth $5,660,000 after purchasing an additional 590,006 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Acco Brands in the 4th quarter worth about $1,772,000. Finally, Renaissance Technologies LLC boosted its position in shares of Acco Brands by 32.4% in the 4th quarter. Renaissance Technologies LLC now owns 1,313,447 shares of the industrial products company’s stock worth $4,899,000 after buying an additional 321,400 shares in the last quarter. 84.56% of the stock is currently owned by hedge funds and other institutional investors.
Acco Brands Company Profile
Acco Brands Corporation is a global provider of branded office and school supplies, serving consumers, educational institutions and commercial customers. Headquartered in Lake Zurich, Illinois, the company designs, manufactures and distributes a wide range of products that enhance productivity and organization in work and learning environments.
The company’s portfolio includes staplers, hole punches, binding and laminating systems, writing tools, binders, folders and desktop accessories under well-known names such as ACCO, Swingline, GBC, Kensington, Mead and Five Star.
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