Acco Brands’ (ACCO) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Acco Brands (NYSE:ACCO) in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a $6.00 target price on the industrial products company’s stock.

Separately, Wall Street Zen upgraded shares of Acco Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th.

Acco Brands Stock Performance

Shares of NYSE ACCO opened at $3.90 on Thursday. Acco Brands has a 12-month low of $3.32 and a 12-month high of $6.43. The company has a current ratio of 1.85, a quick ratio of 1.15 and a debt-to-equity ratio of 1.48. The company has a market cap of $351.51 million, a PE ratio of 8.30, a P/E/G ratio of 0.46 and a beta of 1.39. The stock has a 50 day simple moving average of $3.72 and a 200-day simple moving average of $4.05.

Acco Brands (NYSE:ACCO) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The business had revenue of $394.80 million during the quarter, compared to the consensus estimate of $389.81 million. Acco Brands had a return on equity of 13.60% and a net margin of 2.90%. On average, equities research analysts forecast that Acco Brands will post 1.02 EPS for the current year.

Acco Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Friday, August 22nd will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Friday, August 22nd. Acco Brands’s payout ratio is currently 63.83%.

Institutional Investors Weigh In On Acco Brands

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its holdings in Acco Brands by 131.0% during the second quarter. Tower Research Capital LLC TRC now owns 11,348 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 6,436 shares during the period. Oxford Asset Management LLP grew its holdings in Acco Brands by 154.4% during the second quarter. Oxford Asset Management LLP now owns 104,294 shares of the industrial products company’s stock worth $373,000 after acquiring an additional 63,299 shares during the period. Engineers Gate Manager LP grew its holdings in Acco Brands by 67.2% during the second quarter. Engineers Gate Manager LP now owns 137,344 shares of the industrial products company’s stock worth $492,000 after acquiring an additional 55,193 shares during the period. Ameriprise Financial Inc. grew its holdings in Acco Brands by 1.2% during the second quarter. Ameriprise Financial Inc. now owns 975,447 shares of the industrial products company’s stock worth $3,492,000 after acquiring an additional 11,799 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Acco Brands by 17.5% during the second quarter. AQR Capital Management LLC now owns 1,523,158 shares of the industrial products company’s stock worth $5,453,000 after acquiring an additional 227,343 shares during the period. 84.56% of the stock is currently owned by institutional investors.

Acco Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.