Strs Ohio Makes New $491,000 Investment in Acco Brands Corporation $ACCO

Key Points

• Strs Ohio has acquired a new stake in Acco Brands Corporation, purchasing 117,200 shares valued at approximately $491,000, representing 0.13% of the company's stock.
• Acco Brands recently declared a quarterly dividend of $0.075 per share, yielding 7.3%, with a dividend payout ratio currently at 63.83%.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Acco Brands, with a price target of $6.00 following an upgrade from Zacks Research.

Strs Ohio acquired a new position in shares of Acco Brands Corporation (NYSE:ACCO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 117,200 shares of the industrial products company's stock, valued at approximately $491,000. Strs Ohio owned 0.13% of Acco Brands as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ACCO. Ameriprise Financial Inc. boosted its holdings in shares of Acco Brands by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 933,820 shares of the industrial products company's stock worth $4,903,000 after acquiring an additional 5,400 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Acco Brands by 162.7% during the fourth quarter. BNP Paribas Financial Markets now owns 68,817 shares of the industrial products company's stock worth $361,000 after acquiring an additional 42,625 shares during the period. Bank of America Corp DE boosted its holdings in shares of Acco Brands by 21.1% during the fourth quarter. Bank of America Corp DE now owns 875,463 shares of the industrial products company's stock worth $4,596,000 after acquiring an additional 152,495 shares during the period. Deutsche Bank AG boosted its holdings in shares of Acco Brands by 49.8% during the fourth quarter. Deutsche Bank AG now owns 92,644 shares of the industrial products company's stock worth $486,000 after acquiring an additional 30,803 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of Acco Brands by 127.8% during the fourth quarter. Millennium Management LLC now owns 1,532,460 shares of the industrial products company's stock worth $8,045,000 after acquiring an additional 859,787 shares during the period. Institutional investors own 84.56% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barrington Research reiterated an "outperform" rating and issued a $6.00 price target on shares of Acco Brands in a research note on Thursday, August 14th. Zacks Research upgraded shares of Acco Brands from a "strong sell" rating to a "hold" rating in a research report on Monday, August 18th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $6.00.

Acco Brands Price Performance

Shares of NYSE:ACCO traded down $0.05 during trading on Monday, hitting $4.06. 530,150 shares of the company were exchanged, compared to its average volume of 497,786. The business's 50 day moving average is $3.89 and its 200-day moving average is $3.87. The company has a market capitalization of $365.48 million, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 0.48 and a beta of 1.44. 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 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 announced its quarterly earnings results on Thursday, July 31st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01). The company 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 analysts forecast that Acco Brands Corporation will post 1.02 earnings per share for the current year.

Acco Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 22nd were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date was Friday, August 22nd. Acco Brands's dividend payout ratio is presently 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.