North Star Investment Management Corp. Lowers Stock Holdings in Acco Brands Corporation $ACCO

Key Points

• North Star Investment Management Corp. reduced its stake in Acco Brands Corporation by 34%, holding 418,373 shares after selling 216,000 shares in the second quarter.
• Acco Brands recently declared a quarterly dividend of $0.075 per share, representing an annual yield of 7.5%.
• Analysts have updated their ratings for Acco Brands, with Barrington Research issuing an "outperform" rating and a target price of $6.00 for the stock.

North Star Investment Management Corp. trimmed its position in shares of Acco Brands Corporation (NYSE:ACCO - Free Report) by 34.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 418,373 shares of the industrial products company's stock after selling 216,000 shares during the quarter. North Star Investment Management Corp. owned 0.46% of Acco Brands worth $1,498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Diversified Trust Co boosted its holdings in Acco Brands by 18.4% during the 1st quarter. Diversified Trust Co now owns 30,058 shares of the industrial products company's stock valued at $126,000 after acquiring an additional 4,669 shares during the period. AQR Capital Management LLC boosted its stake in shares of Acco Brands by 18.6% in the 1st quarter. AQR Capital Management LLC now owns 1,295,815 shares of the industrial products company's stock valued at $5,429,000 after buying an additional 202,965 shares during the period. Deutsche Bank AG boosted its stake in shares of Acco Brands by 49.8% in the 4th quarter. Deutsche Bank AG now owns 92,644 shares of the industrial products company's stock valued at $486,000 after buying an additional 30,803 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of Acco Brands by 29.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 443,737 shares of the industrial products company's stock valued at $1,859,000 after buying an additional 102,213 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Acco Brands by 25.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 345,511 shares of the industrial products company's stock valued at $1,814,000 after buying an additional 70,365 shares during the period. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ACCO has been the subject of several recent research reports. Zacks Research upgraded Acco Brands from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Barrington Research reiterated an "outperform" rating and issued a $6.00 price objective on shares of Acco Brands in a research note on Thursday, August 14th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $6.00.

Acco Brands Price Performance

ACCO stock opened at $4.02 on Friday. The business has a 50 day moving average price of $3.91 and a 200 day moving average price of $3.87. The stock has a market cap of $361.87 million, a price-to-earnings ratio of 8.54, a PEG ratio of 0.47 and a beta of 1.44. Acco Brands Corporation has a fifty-two week low of $3.32 and a fifty-two week high of $6.43. The company has a quick ratio of 1.15, a current ratio of 1.85 and a debt-to-equity ratio of 1.48.

Acco Brands (NYSE:ACCO - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $394.80 million for the quarter, compared to analyst estimates of $389.81 million. Acco Brands had a return on equity of 13.60% and a net margin of 2.90%. Acco Brands has set its FY 2025 guidance at 0.830-0.900 EPS. Q3 2025 guidance at 0.210-0.240 EPS. Equities research analysts anticipate that Acco Brands Corporation will post 1.02 earnings per share for the current fiscal year.

Acco Brands Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 22nd were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.30 annualized dividend and a yield of 7.5%. Acco Brands's payout ratio is 63.83%.

About Acco Brands

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.

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