Acco Brands (NYSE:ACCO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Acco Brands (NYSE:ACCO) from a hold rating to a buy rating in a report published on Saturday morning.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Acco Brands in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $6.00.

Acco Brands Price Performance

Acco Brands stock opened at $3.95 on Friday. The stock’s 50 day moving average is $3.61 and its 200 day moving average is $3.80. Acco Brands has a one year low of $3.20 and a one year high of $5.68. The firm has a market cap of $355.60 million, a P/E ratio of 9.39, a P/E/G ratio of 0.37 and a beta of 1.09. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.68 and a quick ratio of 0.96.

Acco Brands (NYSE:ACCO) last released its earnings results on Friday, March 15th. The industrial products company reported $0.32 earnings per share for the quarter. The business had revenue of $499.40 million during the quarter. Acco Brands had a net margin of 2.63% and a return on equity of 12.96%. Acco Brands has set its FY 2025 guidance at 0.830-0.900 EPS. As a group, research analysts expect that Acco Brands will post 1.02 EPS for the current year.

Acco Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 10th. Investors of record on Friday, November 21st were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $0.30 annualized dividend and a yield of 7.6%. Acco Brands’s dividend payout ratio is currently 71.43%.

Institutional Investors Weigh In On Acco Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its holdings in shares of Acco Brands by 218.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 25,541 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 17,519 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Acco Brands by 14.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 7,288,508 shares of the industrial products company’s stock worth $27,988,000 after buying an additional 910,009 shares during the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Acco Brands by 20.0% in the second quarter. First Eagle Investment Management LLC now owns 863,769 shares of the industrial products company’s stock valued at $3,092,000 after buying an additional 144,005 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Acco Brands by 18.6% in the first quarter. AQR Capital Management LLC now owns 1,295,815 shares of the industrial products company’s stock valued at $5,429,000 after buying an additional 202,965 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Acco Brands during the second quarter valued at about $78,000. 84.56% of the stock is owned by 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.