Nuveen LLC Acquires New Holdings in Acco Brands Corporation $ACCO

Nuveen LLC bought a new position in Acco Brands Corporation (NYSE:ACCO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 219,093 shares of the industrial products company's stock, valued at approximately $918,000. Nuveen LLC owned 0.24% of Acco Brands as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of ACCO. EP Wealth Advisors LLC grew its stake in Acco Brands by 44.1% during the fourth quarter. EP Wealth Advisors LLC now owns 16,188 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 4,958 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Acco Brands by 25.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 16,322 shares of the industrial products company's stock valued at $68,000 after acquiring an additional 3,276 shares in the last quarter. ProShare Advisors LLC grew its stake in Acco Brands by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 26,328 shares of the industrial products company's stock valued at $138,000 after acquiring an additional 8,663 shares in the last quarter. Diversified Trust Co grew its stake in Acco Brands by 18.4% during the first 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 in the last quarter. Finally, Saxon Interests Inc. purchased a new position in Acco Brands during the first quarter valued at $132,000. Institutional investors own 84.56% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Zacks Research raised shares of Acco Brands from a "strong sell" rating to a "hold" rating in a research note on Monday, August 18th. Wall Street Zen raised shares of Acco Brands from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, Barrington Research reaffirmed an "outperform" rating and set a $6.00 target price on shares of Acco Brands in a research note on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $6.00.

Acco Brands Price Performance

Shares of NYSE ACCO traded up $0.01 during mid-day trading on Friday, hitting $4.04. 413,305 shares of the company's stock traded hands, compared to its average volume of 764,870. The company's 50-day moving average is $3.84 and its two-hundred day moving average is $3.94. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.85 and a quick ratio of 1.15. The company has a market capitalization of $363.67 million, a P/E ratio of 8.59, a PEG ratio of 0.46 and a beta of 1.44. Acco Brands Corporation has a 1 year low of $3.32 and a 1 year high of $6.43.

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 analysts' consensus estimates of $0.29 by ($0.01). Acco Brands had a return on equity of 13.60% and a net margin of 2.90%.The firm had revenue of $394.80 million for the quarter, compared to analysts' expectations of $389.81 million. Acco Brands has set its FY 2025 guidance at 0.830-0.900 EPS. Q3 2025 guidance at 0.210-0.240 EPS. On average, equities analysts anticipate that Acco Brands Corporation will post 1.02 EPS for the current fiscal year.

Acco Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 7.4%. Acco Brands's dividend payout ratio (DPR) 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.