Shares of Acco Brands Corporation (NYSE:ACCO – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.72 and traded as high as $4.36. Acco Brands shares last traded at $4.3280, with a volume of 1,028,006 shares changing hands.
Wall Street Analysts Forecast Growth
ACCO has been the topic of a number of analyst reports. Wall Street Zen raised Acco Brands from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Weiss Ratings reissued a “sell (d+)” rating on shares of Acco Brands in a research note on Wednesday, June 17th. Zacks Research upgraded shares of Acco Brands from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $5.00 target price on shares of Acco Brands in a research note on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.00.
Read Our Latest Analysis on ACCO
Acco Brands Stock Up 4.0%
Acco Brands (NYSE:ACCO – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The industrial products company reported $0.02 EPS 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 business had revenue of $343.70 million during 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 analysts anticipate that Acco Brands Corporation will post 0.87 EPS for the current year.
Acco Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, May 22nd were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Friday, May 22nd. Acco Brands’s dividend payout ratio is currently 38.46%.
Insider Buying and Selling
In related news, SVP Angela Y. Jones sold 57,217 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $4.02, for a total value of $230,012.34. Following the completion of the sale, the senior vice president owned 18,580 shares of the company’s stock, valued at $74,691.60. This trade represents a 75.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.30% of the stock is owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in ACCO. CANADA LIFE ASSURANCE Co raised its holdings in Acco Brands by 51.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,618 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 3,288 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in Acco Brands in the fourth quarter worth about $37,000. Integrated Wealth Concepts LLC purchased a new stake in Acco Brands in the third quarter worth about $42,000. State of Alaska Department of Revenue bought a new stake in Acco Brands during the 4th quarter valued at approximately $39,000. Finally, Tower Research Capital LLC TRC boosted its position in Acco Brands by 131.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,348 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 6,436 shares in the last quarter. 84.56% of the stock is 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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