980,476 Shares in Acco Brands Corporation $ACCO Purchased by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 980,476 Acco Brands shares in the second quarter, worth approximately $4.08 million and representing about 1.06% of the company. Institutional investors collectively own 84.56% of ACCO.
• Acco Brands beat quarterly expectations with EPS of $0.29 versus a $0.27 estimate and revenue of $415.1 million versus $402.5 million expected. The company projects fiscal 2026 EPS of $0.87–$0.91.
• The company declared a quarterly dividend of $0.075, or $0.30 annualized, equating to a 6.8% yield. Shares recently traded at $4.42, while analysts maintain a consensus “Hold” rating and a $6.00 price target.

Bank of New York Mellon Corp acquired a new position in shares of Acco Brands Corporation (NYSE:ACCO - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 980,476 shares of the industrial products company's stock, valued at approximately $4,079,000. Bank of New York Mellon Corp owned about 1.06% of Acco Brands as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Xponance LLC lifted its stake in shares of Acco Brands by 11.8% in the 4th quarter. Xponance LLC now owns 25,335 shares of the industrial products company's stock valued at $94,000 after purchasing an additional 2,684 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Acco Brands by 0.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 818,489 shares of the industrial products company's stock worth $2,930,000 after purchasing an additional 3,039 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Acco Brands by 51.9% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 9,618 shares of the industrial products company's stock worth $36,000 after purchasing an additional 3,288 shares during the last quarter. Franklin Resources Inc. raised its holdings in Acco Brands by 5.6% in the 4th quarter. Franklin Resources Inc. now owns 69,297 shares of the industrial products company's stock valued at $258,000 after buying an additional 3,655 shares during the period. Finally, Aristeia Capital L.L.C. raised its holdings in Acco Brands by 3.4% in the 4th quarter. Aristeia Capital L.L.C. now owns 176,209 shares of the industrial products company's stock valued at $657,000 after buying an additional 5,846 shares during the period. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

Acco Brands Trading Up 1.8%

NYSE:ACCO opened at $4.42 on Friday. The stock's 50 day moving average price is $4.20 and its 200 day moving average price is $3.82. The company has a market capitalization of $408.01 million, a PE ratio of 7.13, a P/E/G ratio of 0.83 and a beta of 1.21. The company has a quick ratio of 1.22, a current ratio of 1.97 and a debt-to-equity ratio of 1.30. Acco Brands Corporation has a 52-week low of $2.81 and a 52-week high of $4.56.

Acco Brands (NYSE:ACCO - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.02. The company had revenue of $415.10 million for 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 12.57%. 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. On average, research analysts anticipate that Acco Brands Corporation will post 0.88 EPS for the current year.

Acco Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.30 dividend on an annualized basis and a yield of 6.8%. Acco Brands's dividend payout ratio (DPR) is 48.39%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Weiss Ratings raised shares of Acco Brands from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 10th. Barrington Research set a $6.00 price objective on Acco Brands in a research note on Wednesday, August 5th. Zacks Research raised Acco Brands from a "strong sell" rating to a "hold" rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut Acco Brands from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Acco Brands has an average rating of "Hold" and a consensus target price of $6.00.

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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