Acco Brands Corporation $ACCO Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. cut its stake in Acco Brands Corporation (NYSE:ACCO) by 13.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,169,245 shares of the industrial products company’s stock after selling 177,359 shares during the period. Goldman Sachs Group Inc. owned 1.30% of Acco Brands worth $4,899,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Voya Investment Management LLC increased its stake in Acco Brands by 30.2% during the first quarter. Voya Investment Management LLC now owns 91,966 shares of the industrial products company’s stock valued at $385,000 after purchasing an additional 21,325 shares during the last quarter. Inspire Investing LLC increased its stake in Acco Brands by 8.1% during the first quarter. Inspire Investing LLC now owns 82,556 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 6,165 shares during the last quarter. Strs Ohio bought a new stake in Acco Brands during the first quarter valued at $491,000. Empowered Funds LLC increased its stake in Acco Brands by 3.7% during the first quarter. Empowered Funds LLC now owns 460,514 shares of the industrial products company’s stock valued at $1,930,000 after purchasing an additional 16,343 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Acco Brands during the first quarter valued at $127,000. Institutional investors own 84.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Barrington Research reiterated an “outperform” rating and set a $6.00 target price on shares of Acco Brands in a research note on Thursday, August 14th. Zacks Research upgraded shares of Acco Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Acco Brands currently has a consensus rating of “Moderate Buy” and an average price target of $6.00.

Acco Brands Stock Performance

Shares of ACCO opened at $4.00 on Wednesday. The firm’s 50 day moving average is $3.87 and its 200-day moving average is $3.88. The stock has a market capitalization of $360.52 million, a P/E ratio of 8.51, a P/E/G ratio of 0.47 and a beta of 1.44. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.85 and a quick ratio of 1.15. Acco Brands Corporation has a 12-month low of $3.32 and a 12-month high of $6.43.

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

Acco Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 22nd were paid a $0.075 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.30 annualized dividend and a dividend yield of 7.5%. Acco Brands’s payout ratio is currently 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.