Acco Brands (NYSE:ACCO) Raised to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Acco Brands (NYSE:ACCO) from a hold rating to a buy rating in a report issued on Friday morning.

A number of other equities analysts also recently weighed in on ACCO. Barrington Research reaffirmed an “outperform” rating and set a $6.00 price target on shares of Acco Brands in a research report on Thursday, August 14th. Zacks Research raised Acco Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, August 18th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Acco Brands in a research report on Saturday, September 27th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.00.

Acco Brands Stock Up 1.4%

Shares of Acco Brands stock opened at $4.12 on Friday. 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 $370.88 million, a P/E ratio of 8.76, a price-to-earnings-growth ratio of 0.47 and a beta of 1.41. Acco Brands has a 1 year low of $3.32 and a 1 year high of $6.43. The business has a 50-day moving average of $3.93 and a two-hundred day moving average of $3.84.

Acco Brands (NYSE:ACCO) last released its earnings results on Thursday, July 31st. The industrial products company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. The firm had revenue of $394.80 million during the quarter, compared to the consensus estimate 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. As a group, equities analysts predict that Acco Brands will post 1.02 EPS for the current year.

Acco Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Friday, August 22nd were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Friday, August 22nd. Acco Brands’s dividend payout ratio (DPR) is currently 63.83%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ACCO. Capital Management Corp VA lifted its position in shares of Acco Brands by 29.8% in the second quarter. Capital Management Corp VA now owns 5,911,581 shares of the industrial products company’s stock valued at $21,163,000 after buying an additional 1,358,811 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Acco Brands by 14.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 7,288,508 shares of the industrial products company’s stock valued at $27,988,000 after buying an additional 910,009 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Acco Brands by 102.5% in 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 buying an additional 784,826 shares during the last quarter. CSM Advisors LLC acquired a new stake in shares of Acco Brands in the second quarter valued at approximately $2,638,000. Finally, American Century Companies Inc. lifted its position in shares of Acco Brands by 21.7% in the first quarter. American Century Companies Inc. now owns 2,517,282 shares of the industrial products company’s stock valued at $10,547,000 after buying an additional 449,358 shares during the last quarter. 84.56% of the stock is currently owned by institutional investors.

Acco Brands Company Profile

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.