Vanguard Group Inc. Acquires 44,537 Shares of Acco Brands Corporation $ACCO

Vanguard Group Inc. boosted its position in shares of Acco Brands Corporation (NYSE:ACCO) by 0.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,414,341 shares of the industrial products company’s stock after buying an additional 44,537 shares during the quarter. Vanguard Group Inc. owned approximately 7.12% of Acco Brands worth $26,876,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Diversified Trust Co increased its position in shares of Acco Brands by 18.4% in the 1st quarter. Diversified Trust Co now owns 30,058 shares of the industrial products company’s stock valued at $126,000 after buying an additional 4,669 shares in the last quarter. Deutsche Bank AG grew its holdings in 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 purchasing an additional 30,803 shares during the period. Envestnet Asset Management Inc. grew its holdings in Acco Brands by 29.9% during the first quarter. Envestnet Asset Management Inc. now owns 443,737 shares of the industrial products company’s stock worth $1,859,000 after purchasing an additional 102,213 shares during the period. Jane Street Group LLC grew its holdings in Acco Brands by 4.2% during the fourth quarter. Jane Street Group LLC now owns 388,845 shares of the industrial products company’s stock worth $2,041,000 after purchasing an additional 15,508 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Acco Brands by 25.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 345,511 shares of the industrial products company’s stock worth $1,814,000 after acquiring an additional 70,365 shares during the period. Institutional investors and hedge funds own 84.56% of the company’s stock.

Wall Street Analyst Weigh In

ACCO has been the subject of several recent research reports. Wall Street Zen upgraded Acco Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Zacks Research raised shares of Acco Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, August 18th. Finally, Barrington Research reissued an “outperform” rating and issued a $6.00 price objective on shares of Acco Brands in a research note on Thursday, August 14th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $6.00.

Acco Brands Stock Up 0.1%

Shares of NYSE:ACCO opened at $3.98 on Friday. Acco Brands Corporation has a one year low of $3.32 and a one year high of $6.43. 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 cap of $358.27 million, a price-to-earnings ratio of 8.46, a PEG ratio of 0.46 and a beta of 1.39. The firm has a fifty day moving average price of $3.78 and a two-hundred day moving average price of $3.98.

Acco Brands (NYSE:ACCO) last posted its quarterly earnings data on Thursday, July 31st. The industrial products company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). The company had revenue of $394.80 million for the quarter, compared to the consensus estimate 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. Analysts anticipate that Acco Brands Corporation will post 1.02 EPS for the current fiscal year.

Acco Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Shareholders of record on Friday, August 22nd will be given a $0.075 dividend. The ex-dividend date is Friday, August 22nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 7.5%. Acco Brands’s 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.