Shares of Acco Brands Corporation (NYSE:ACCO – Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.66 and traded as high as $3.92. Acco Brands shares last traded at $3.8260, with a volume of 583,568 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on ACCO. Wall Street Zen raised Acco Brands from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Weiss Ratings lowered Acco Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 20th. Zacks Research raised 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 set a $5.00 target price on shares of Acco Brands in a report on Monday, May 4th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.00.
Get Our Latest Research Report on ACCO
Acco Brands Stock Down 1.1%
Acco Brands (NYSE:ACCO – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The industrial products company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. Acco Brands had a return on equity of 12.58% and a net margin of 4.76%.The company 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, analysts anticipate that Acco Brands Corporation will post 0.87 EPS for the current year.
Acco Brands Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.30 annualized dividend and a dividend yield of 7.8%. Acco Brands’s payout ratio is presently 38.46%.
Insider Activity at Acco Brands
In other news, SVP Angela Y. Jones sold 57,217 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $4.02, for a total transaction of $230,012.34. Following the completion of the transaction, the senior vice president owned 18,580 shares of the company’s stock, valued at approximately $74,691.60. The trade was a 75.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.30% of the company’s stock.
Institutional Trading of Acco Brands
Hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in Acco Brands in the 4th quarter worth approximately $1,772,000. Allspring Global Investments Holdings LLC lifted its position in Acco Brands by 2.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 7,649,602 shares of the industrial products company’s stock worth $28,227,000 after buying an additional 186,110 shares during the last quarter. CSM Advisors LLC lifted its position in Acco Brands by 13.8% in the 3rd quarter. CSM Advisors LLC now owns 838,231 shares of the industrial products company’s stock worth $3,345,000 after buying an additional 101,350 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Acco Brands by 210.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 67,645 shares of the industrial products company’s stock worth $269,000 after buying an additional 45,880 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in Acco Brands by 21.9% in the 1st quarter. NewEdge Advisors LLC now owns 35,231 shares of the industrial products company’s stock worth $106,000 after buying an additional 6,340 shares during the last quarter. Institutional investors own 84.56% of the company’s stock.
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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