Rhumbline Advisers Decreases Stock Position in Acco Brands Corporation $ACCO

Rhumbline Advisers reduced its position in Acco Brands Corporation (NYSE:ACCO) by 4.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,125 shares of the industrial products company’s stock after selling 7,048 shares during the quarter. Rhumbline Advisers owned approximately 0.17% of Acco Brands worth $625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ACCO. Capital Management Corp VA increased its position in Acco Brands by 27.5% in the first quarter. Capital Management Corp VA now owns 4,552,770 shares of the industrial products company’s stock worth $19,076,000 after buying an additional 980,910 shares during the last quarter. Millennium Management LLC increased its position in Acco Brands by 127.8% in the fourth quarter. Millennium Management LLC now owns 1,532,460 shares of the industrial products company’s stock worth $8,045,000 after buying an additional 859,787 shares during the last quarter. American Century Companies Inc. increased its position in 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 worth $10,547,000 after buying an additional 449,358 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Acco Brands in the fourth quarter valued at $1,764,000. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Acco Brands by 4.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 6,378,499 shares of the industrial products company’s stock valued at $27,109,000 after purchasing an additional 257,608 shares in the last quarter. 84.56% of the stock is owned by hedge funds and other institutional investors.

Acco Brands Trading Down 1.1%

NYSE ACCO opened at $4.06 on Tuesday. Acco Brands Corporation has a 1-year low of $3.32 and a 1-year high of $6.43. The company has a current ratio of 1.85, a quick ratio of 1.15 and a debt-to-equity ratio of 1.48. The stock has a 50-day moving average of $3.89 and a 200-day moving average of $3.87. The firm has a market cap of $365.48 million, a PE ratio of 8.63, a price-to-earnings-growth ratio of 0.48 and a beta of 1.44.

Acco Brands (NYSE:ACCO) last released its earnings results on Thursday, July 31st. The industrial products company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.01). Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. The company 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, sell-side analysts forecast that Acco Brands Corporation will post 1.02 EPS for the current year.

Acco Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 22nd were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend was Friday, August 22nd. Acco Brands’s payout ratio is 63.83%.

Analyst Ratings Changes

ACCO has been the subject of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $6.00 target price 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 note on Monday, August 18th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.00.

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.