Acco Brands (NYSE:ACCO) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Acco Brands (NYSE:ACCO) from a strong sell rating to a hold rating in a research note released on Monday,Zacks.com reports.

ACCO has been the subject of a number of other research reports. Weiss Ratings lowered shares of Acco Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 20th. Barrington Research restated an “outperform” rating and issued a $5.00 price target on shares of Acco Brands in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Acco Brands from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.00.

Acco Brands Trading Up 0.1%

NYSE ACCO opened at $3.93 on Monday. The company’s fifty day simple moving average is $3.33 and its 200-day simple moving average is $3.64. Acco Brands has a 52 week low of $2.81 and a 52 week high of $4.30. The company has a current ratio of 1.77, a quick ratio of 0.98 and a debt-to-equity ratio of 1.25. The stock has a market cap of $362.12 million, a P/E ratio of 5.03, a PEG ratio of 0.75 and a beta of 1.15.

Acco Brands (NYSE:ACCO) last posted its earnings results on Thursday, April 30th. The industrial products company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.07. The business had revenue of $343.70 million for the quarter, compared to analysts’ expectations of $319.93 million. Acco Brands had a net margin of 4.76% and a return on equity of 12.58%. Acco Brands has set its FY 2026 guidance at 0.840-0.890 EPS and its Q2 2026 guidance at 0.240-0.280 EPS. Equities research analysts predict that Acco Brands will post 0.87 EPS for the current fiscal year.

Acco Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.30 annualized dividend and a yield of 7.6%. Acco Brands’s payout ratio is presently 38.46%.

Institutional Trading of Acco Brands

Several institutional investors have recently added to or reduced their stakes in ACCO. Arrowstreet Capital Limited Partnership increased its stake in Acco Brands by 102.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,550,367 shares of the industrial products company’s stock valued at $5,550,000 after purchasing an additional 784,826 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Acco Brands by 27.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,148,160 shares of the industrial products company’s stock worth $11,743,000 after acquiring an additional 682,260 shares during the last quarter. Readystate Asset Management LP grew its position in shares of Acco Brands by 63.6% during the fourth quarter. Readystate Asset Management LP now owns 1,517,338 shares of the industrial products company’s stock worth $5,660,000 after acquiring an additional 590,006 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Acco Brands during the fourth quarter worth about $1,772,000. Finally, Renaissance Technologies LLC grew its position in shares of Acco Brands by 32.4% during the fourth quarter. Renaissance Technologies LLC now owns 1,313,447 shares of the industrial products company’s stock worth $4,899,000 after acquiring an additional 321,400 shares during the last quarter. Institutional investors own 84.56% of the company’s stock.

About Acco Brands

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.