Acco Brands Corporation $ACCO Stock Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management reduced its Acco Brands stake by 61.1% in the third quarter, selling 255,828 shares and retaining 162,917 shares worth approximately $684,000. Institutional investors collectively own 84.56% of the company.
• Acco Brands shares opened at $4.50, near their 12-month high of $4.74, while the company reported quarterly revenue of $415.1 million and earnings per share of $0.29, exceeding analyst expectations.
• The company declared a quarterly dividend of $0.075, equivalent to an annualized yield of 6.7%. Analysts maintain a consensus “Hold” rating with an average price target of $6.00.

Robeco Institutional Asset Management B.V. lowered its stake in shares of Acco Brands Corporation (NYSE:ACCO - Free Report) by 61.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 162,917 shares of the industrial products company's stock after selling 255,828 shares during the period. Robeco Institutional Asset Management B.V. owned 0.18% of Acco Brands worth $684,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. NewEdge Advisors LLC grew its position in shares of Acco Brands by 6.7% in the second quarter. NewEdge Advisors LLC now owns 37,606 shares of the industrial products company's stock valued at $156,000 after purchasing an additional 2,375 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Acco Brands by 71.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,311 shares of the industrial products company's stock valued at $89,000 after purchasing an additional 8,877 shares during the period. Legal & General Group Plc purchased a new stake in Acco Brands during the 2nd quarter worth about $37,000. Empowered Funds LLC lifted its holdings in Acco Brands by 2.1% during the 1st quarter. Empowered Funds LLC now owns 523,254 shares of the industrial products company's stock worth $1,570,000 after purchasing an additional 10,696 shares in the last quarter. Finally, Burns Matteson Capital Management LLC purchased a new stake in Acco Brands during the 3rd quarter worth about $52,000. 84.56% of the stock is owned by institutional investors.

Acco Brands Stock Down 1.6%

Shares of NYSE ACCO opened at $4.50 on Tuesday. Acco Brands Corporation has a 12 month low of $2.81 and a 12 month high of $4.74. The company has a current ratio of 1.97, a quick ratio of 1.22 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $414.92 million, a price-to-earnings ratio of 7.25, a PEG ratio of 0.86 and a beta of 1.20. The business has a 50-day moving average of $4.35 and a 200-day moving average of $3.94.

Acco Brands (NYSE:ACCO - Get Free Report) last announced its earnings results on Thursday, July 30th. The industrial products company reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.02. Acco Brands had a net margin of 3.74% and a return on equity of 12.57%. The business had revenue of $415.10 million for the quarter, compared to the consensus estimate 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. Sell-side analysts expect that Acco Brands Corporation will post 0.88 earnings per share for the current fiscal year.

Acco Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 9th. Stockholders of record on Friday, November 20th will be issued a $0.0750 dividend. The ex-dividend date of this dividend is Friday, November 20th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.7%. Acco Brands's dividend payout ratio is presently 48.39%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings raised Acco Brands from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, September 24th. Wall Street Zen cut Acco Brands from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. Finally, Barrington Research set a $6.00 price target on shares of Acco Brands in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $6.00.

About Acco Brands

ACCO Brands Corporation is a global manufacturer and marketer of consumer and office products. Its portfolio includes supplies and equipment used in workplaces, schools and homes, as well as products designed to support organization, productivity and personal technology.

The company's brands include Swingline, Kensington, Mead, Five Star, GBC, Quartet and Esselte. Its products include staplers, punches, shredders, laminators, binding systems, presentation supplies, notebooks, planners, backpacks, computer accessories and other workspace and school supplies.

ACCO Brands traces its history to the American Clip Company, founded in 1903.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.