Acco Brands Corporation (NYSE:ACCO – Get Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.83 and traded as high as $4.29. Acco Brands shares last traded at $4.2650, with a volume of 505,636 shares traded.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Barrington Research set a $6.00 price target on shares of Acco Brands in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of Acco Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Acco Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Acco Brands has an average rating of “Hold” and an average target price of $6.00.
Read Our Latest Research Report on Acco Brands
Acco Brands Price Performance
Acco Brands (NYSE:ACCO – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Acco Brands had a return on equity of 12.57% and a net margin of 3.74%.The company had revenue of $415.10 million during the quarter, compared to analyst estimates of $402.53 million. Acco Brands has set its Q3 2026 guidance at 0.170-0.210 EPS and its FY 2026 guidance at 0.870-0.910 EPS. As a group, equities research analysts expect that Acco Brands Corporation will post 0.88 EPS for the current year.
Acco Brands Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st were issued a $0.075 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a $0.30 dividend on an annualized basis and a yield of 7.1%. Acco Brands’s dividend payout ratio is 48.39%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Acco Brands in the second quarter valued at about $36,919,000. Allspring Global Investments Holdings LLC raised its holdings in Acco Brands by 0.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,717,401 shares of the industrial products company’s stock valued at $22,612,000 after acquiring an additional 67,799 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Acco Brands by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,436,286 shares of the industrial products company’s stock valued at $13,308,000 after acquiring an additional 79,116 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of Acco Brands in the 2nd quarter worth approximately $4,291,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Acco Brands in the 2nd quarter worth approximately $4,079,000. Institutional investors own 84.56% of the company’s stock.
About Acco Brands
ACCO Brands Corporation designs, manufactures and markets consumer and business products used for organization, productivity, school, work and creative activities. Its portfolio includes office products, school supplies, computer and mobile accessories, and presentation and binding solutions.
The company’s brands include Swingline, Kensington, Mead, Five Star, AT-A-GLANCE, Day-Timer, Quartet, GBC and Esselte. Products include staplers, shredders, planners, notebooks, calendars, backpacks, presentation materials, whiteboards, binding equipment and accessories for computers and mobile devices.
ACCO Brands serves customers through retail, e-commerce, commercial and government channels in North America, Europe, Australia, New Zealand and other international markets.
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