Acco Brands (NYSE:ACCO) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Acco Brands shares crossed above their 200-day moving average, reaching $4.56 and last trading near $4.55, compared with the $3.93 long-term average.
• Analysts maintain a consensus “Hold” rating with a $6.00 price target, while recent quarterly results exceeded expectations with EPS of $0.29 and revenue of $415.1 million.
• Acco Brands pays a quarterly dividend of $0.075 per share, equivalent to a 6.6% annualized yield; institutional investors own approximately 84.6% of the company.

Acco Brands Corporation (NYSE:ACCO - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $3.93 and traded as high as $4.56. Acco Brands shares last traded at $4.5450, with a volume of 802,833 shares.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ACCO. 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. Weiss Ratings raised shares of Acco Brands from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, September 24th. Finally, Barrington Research set a $6.00 price target on shares of Acco Brands in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Acco Brands presently has a consensus rating of "Hold" and a consensus price target of $6.00.

Acco Brands Trading Up 1.2%

The stock has a market capitalization of $419.55 million, a P/E ratio of 7.33, a P/E/G ratio of 0.85 and a beta of 1.20. 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 business has a 50-day moving average price of $4.31 and a two-hundred day moving average price of $3.93.

Acco Brands (NYSE:ACCO - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.02. The company had revenue of $415.10 million for the quarter, compared to analysts' expectations of $402.53 million. Acco Brands had a return on equity of 12.57% and a net margin of 3.74%. 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, analysts expect that Acco Brands Corporation will post 0.88 EPS for the current fiscal year.

Acco Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st were paid a dividend of $0.0750 per share. The ex-dividend date was Friday, August 21st. This represents a $0.30 annualized dividend and a yield of 6.6%. Acco Brands's dividend payout ratio is presently 48.39%.

Hedge Funds Weigh In On Acco Brands

Several hedge funds and other institutional investors have recently modified their holdings of ACCO. NewEdge Advisors LLC lifted its position in shares of Acco Brands by 6.7% during the 2nd quarter. NewEdge Advisors LLC now owns 37,606 shares of the industrial products company's stock worth $156,000 after buying an additional 2,375 shares during the last quarter. Aristeia Capital L.L.C. grew its position in Acco Brands by 3.4% in the fourth quarter. Aristeia Capital L.L.C. now owns 176,209 shares of the industrial products company's stock valued at $657,000 after acquiring an additional 5,846 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Acco Brands by 71.4% in the second quarter. Sequoia Financial Advisors LLC now owns 21,311 shares of the industrial products company's stock valued at $89,000 after acquiring an additional 8,877 shares during the last quarter. Legal & General Group Plc bought a new position in Acco Brands in the second quarter valued at about $37,000. Finally, Empowered Funds LLC raised its stake in Acco Brands by 2.1% during the first quarter. Empowered Funds LLC now owns 523,254 shares of the industrial products company's stock worth $1,570,000 after acquiring an additional 10,696 shares in the last quarter. Institutional investors own 84.56% of the company's stock.

About Acco Brands

ACCO Brands Corporation is a global consumer and office products company that designs, manufactures and markets products used in workplaces, schools and homes. Its portfolio includes school and office supplies, filing and organization products, staplers and binding equipment, presentation materials, computer accessories, calendars and planning products, and selected craft and consumer products.

The company markets products under a range of recognized brands, including Swingline, Kensington, Mead, Five Star, AT-A-GLANCE, GBC, Quartet and TruSens.

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