Empowered Funds LLC acquired a new position in shares of Acco Brands Corporation (NYSE:ACCO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 550,371 shares of the industrial products company's stock, valued at approximately $2,290,000. Empowered Funds LLC owned approximately 0.60% of Acco Brands at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co increased its position in shares of Acco Brands by 51.9% in the fourth 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. Sequoia Financial Advisors LLC bought a new stake in Acco Brands during the first quarter valued at approximately $37,000. Legal & General Group Plc bought a new stake in Acco Brands during the second quarter valued at approximately $37,000. ExodusPoint Capital Management LP purchased a new position in Acco Brands in the 4th quarter worth approximately $37,000. Finally, Tower Research Capital LLC TRC grew its stake in Acco Brands by 131.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 11,348 shares of the industrial products company's stock worth $41,000 after buying an additional 6,436 shares in the last quarter. 84.56% of the stock is currently owned by institutional investors.
Acco Brands Stock Performance
Shares of NYSE ACCO opened at $4.36 on Thursday. The stock's 50-day moving average is $4.18 and its 200 day moving average is $3.82. The stock has a market cap of $402.01 million, a price-to-earnings ratio of 7.02, a P/E/G ratio of 0.80 and a beta of 1.21. Acco Brands Corporation has a 1-year low of $2.81 and a 1-year high of $4.56. The company has a current ratio of 1.97, a quick ratio of 1.22 and a debt-to-equity ratio of 1.30.
Acco Brands (NYSE:ACCO - Get Free Report) last issued 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. Acco Brands had a return on equity of 12.57% and a net margin of 3.74%.The business 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. On average, sell-side analysts anticipate that Acco Brands Corporation will post 0.88 EPS for the current fiscal year.
Acco Brands Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 9th. Stockholders of record on Friday, August 21st will be issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Friday, August 21st. Acco Brands's payout ratio is presently 48.39%.
Analysts Set New Price Targets
A number of equities analysts have recently commented on ACCO shares. Weiss Ratings raised shares of Acco Brands from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, July 10th. Barrington Research set a $6.00 price objective on shares of Acco Brands in a report on Wednesday, August 5th. Zacks Research upgraded shares of Acco Brands from a "strong sell" rating to a "hold" rating in a research report on Monday, May 11th. Finally, Wall Street Zen lowered shares of Acco Brands from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Acco Brands presently has an average rating of "Hold" and a consensus price target of $6.00.
Check Out Our Latest Analysis on ACCO
About Acco Brands
(
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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