Acco Brands (NYSE:ACCO) Cut to “Buy” at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen cut shares of Acco Brands (NYSE:ACCOFree Report) from a strong-buy rating to a buy rating in a report released on Saturday morning.

ACCO has been the subject of a number of other reports. Weiss Ratings upgraded Acco Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Zacks Research raised Acco Brands from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Finally, Barrington Research restated an “outperform” rating and issued a $5.00 target price on shares of Acco Brands in a research report on Monday, May 4th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

Check Out Our Latest Report on ACCO

Acco Brands Stock Performance

NYSE ACCO opened at $4.33 on Friday. Acco Brands has a 52-week low of $2.81 and a 52-week high of $4.56. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.98 and a current ratio of 1.77. The company has a market capitalization of $399.21 million, a P/E ratio of 6.98, a P/E/G ratio of 0.79 and a beta of 1.21. The company has a fifty day moving average of $4.02 and a 200-day moving average of $3.77.

Acco Brands (NYSE:ACCOGet Free Report) last announced its earnings results on Thursday, July 30th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The company had revenue of $415.10 million during the quarter, compared to analyst estimates of $402.53 million. Acco Brands had a net margin of 3.74% and a return on equity of 12.70%. 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 predict that Acco Brands will post 0.88 EPS for the current fiscal year.

Acco Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Friday, August 21st. Acco Brands’s dividend payout ratio (DPR) is presently 48.39%.

Insiders Place Their Bets

In other Acco Brands news, SVP Angela Y. Jones sold 57,217 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were 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 directly owned 18,580 shares of the company’s stock, valued at $74,691.60. The trade was a 75.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 5.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its holdings in Acco Brands by 0.9% during 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 during the period. Vanguard Group Inc. increased its stake in Acco Brands by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 6,237,515 shares of the industrial products company’s stock worth $24,888,000 after purchasing an additional 107,480 shares during the period. Dimensional Fund Advisors LP lifted its position in Acco Brands by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 4,436,286 shares of the industrial products company’s stock valued at $13,308,000 after purchasing an additional 79,116 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Acco Brands by 27.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,148,160 shares of the industrial products company’s stock valued at $11,743,000 after purchasing an additional 682,260 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Acco Brands by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 2,171,280 shares of the industrial products company’s stock valued at $8,101,000 after purchasing an additional 15,545 shares during the period. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Acco Brands Company Profile

(Get Free Report)

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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