Readystate Asset Management LP Sells 468,326 Shares of Acco Brands Corporation $ACCO

Readystate Asset Management LP cut its position in Acco Brands Corporation (NYSE:ACCO) by 33.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 946,251 shares of the industrial products company’s stock after selling 468,326 shares during the period. Readystate Asset Management LP’s holdings in Acco Brands were worth $3,936,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ACCO. CANADA LIFE ASSURANCE Co raised its position in shares of Acco Brands by 51.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 9,618 shares of the industrial products company’s stock worth $36,000 after purchasing an additional 3,288 shares during the period. ExodusPoint Capital Management LP acquired a new position in shares of Acco Brands in the 4th quarter valued at approximately $37,000. Sequoia Financial Advisors LLC bought a new stake in Acco Brands during the 1st quarter worth approximately $37,000. Legal & General Group Plc bought a new stake in Acco Brands during the 2nd quarter worth approximately $37,000. Finally, Tower Research Capital LLC TRC increased its stake in Acco Brands by 131.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,348 shares of the industrial products company’s stock worth $41,000 after purchasing an additional 6,436 shares in the last quarter. 84.56% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of Acco Brands from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 1st. Zacks Research raised shares of Acco Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Weiss Ratings upgraded shares of Acco Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, July 10th. Finally, Barrington Research set a $6.00 price objective 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Acco Brands Stock Performance

Shares of ACCO opened at $4.42 on Monday. Acco Brands Corporation has a 12 month low of $2.81 and a 12 month high of $4.56. The firm has a fifty day simple moving average of $4.20 and a 200 day simple moving average of $3.82. The stock has a market capitalization of $408.01 million, a price-to-earnings ratio of 7.13, a PEG ratio of 0.83 and a beta of 1.21. The company has a current ratio of 1.97, a quick ratio of 1.22 and a debt-to-equity ratio of 1.30.

Acco Brands (NYSE:ACCO) last issued its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. Acco Brands had a net margin of 3.74% and a return on equity of 12.57%. The firm had revenue of $415.10 million for the quarter, compared to analyst estimates of $402.53 million. 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. Research analysts forecast that Acco Brands Corporation will post 0.88 EPS for the current fiscal year.

Acco Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 6.8%. The ex-dividend date is Friday, August 21st. Acco Brands’s dividend payout ratio is presently 48.39%.

Acco Brands Profile

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.