Acco Brands Corporation (NYSE:ACCO – Get Free Report)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.70 and traded as high as $3.90. Acco Brands shares last traded at $3.89, with a volume of 642,116 shares changing hands.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. Barrington Research restated an “outperform” rating and issued a $5.00 price objective on shares of Acco Brands in a research note on Monday, May 4th. 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. Weiss Ratings reissued a “sell (d+)” rating on shares of Acco Brands in a research note on Wednesday, June 17th. Finally, Zacks Research raised shares of Acco Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.00.
Check Out Our Latest Research Report on ACCO
Acco Brands Price Performance
Acco Brands (NYSE:ACCO – Get Free Report) last announced its quarterly earnings results 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 return on equity of 12.58% and a net margin of 4.76%.The firm had revenue of $343.70 million for the quarter, compared to analysts’ expectations 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. On average, sell-side analysts anticipate that Acco Brands Corporation will post 0.87 EPS for the current year.
Acco Brands Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, May 22nd were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 7.7%. The ex-dividend date was Friday, May 22nd. Acco Brands’s payout ratio is currently 38.46%.
Insider Buying and Selling at Acco Brands
In other news, SVP Angela Y. Jones sold 57,217 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $4.02, for a total value of $230,012.34. Following the sale, the senior vice president owned 18,580 shares of the company’s stock, valued at approximately $74,691.60. This represents a 75.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.30% of the company’s stock.
Hedge Funds Weigh In On Acco Brands
Several institutional investors have recently added to or reduced their stakes in ACCO. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Acco Brands by 102.5% in 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 acquiring an additional 784,826 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 acquiring an additional 682,260 shares during the last quarter. Readystate Asset Management LP increased its holdings in 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 valued at $5,660,000 after purchasing an additional 590,006 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Acco Brands during the 4th quarter valued at $1,772,000. Finally, Renaissance Technologies LLC raised its position in 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 valued at $4,899,000 after purchasing an additional 321,400 shares during the last quarter. 84.56% of the stock is owned by institutional investors.
About Acco Brands
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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