Public Employees Retirement System of Ohio Has $91,000 Holdings in Acco Brands Corporation $ACCO

Public Employees Retirement System of Ohio lifted its position in shares of Acco Brands Corporation (NYSE:ACCO) by 218.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,541 shares of the industrial products company’s stock after buying an additional 17,519 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Acco Brands were worth $91,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ACCO. Capital Management Corp VA increased its position in shares of Acco Brands by 27.5% during 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 period. American Century Companies Inc. increased its position in shares of Acco Brands by 21.7% during 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 period. Allspring Global Investments Holdings LLC increased its position in shares of Acco Brands by 4.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,378,499 shares of the industrial products company’s stock worth $27,109,000 after buying an additional 257,608 shares during the period. Nuveen LLC acquired a new stake in shares of Acco Brands during the first quarter worth $918,000. Finally, North Star Investment Management Corp. increased its position in shares of Acco Brands by 47.8% during the first quarter. North Star Investment Management Corp. now owns 634,373 shares of the industrial products company’s stock worth $2,658,000 after buying an additional 205,061 shares during the period. 84.56% of the stock is currently owned by institutional investors and hedge funds.

Acco Brands Stock Performance

NYSE ACCO opened at $3.98 on Wednesday. Acco Brands Corporation has a 52-week low of $3.32 and a 52-week high of $6.43. The company has a 50-day simple moving average of $3.93 and a 200 day simple moving average of $3.83. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.15 and a current ratio of 1.85. The company has a market capitalization of $358.45 million, a PE ratio of 8.46, a price-to-earnings-growth ratio of 0.47 and a beta of 1.41.

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). Acco Brands had a return on equity of 13.60% and a net margin of 2.90%.The company had revenue of $394.80 million for the quarter, compared to analysts’ expectations 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. On average, research analysts predict that Acco Brands Corporation will post 1.02 EPS for the current year.

Acco Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 22nd were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date was Friday, August 22nd. Acco Brands’s dividend payout ratio (DPR) is 63.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ACCO shares. Barrington Research restated an “outperform” rating and issued a $6.00 price target on shares of Acco Brands in a report on Thursday, August 14th. Weiss Ratings restated a “sell (d+)” rating on shares of Acco Brands in a report on Saturday, September 27th. Wall Street Zen upgraded shares of Acco Brands from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Zacks Research upgraded shares of Acco Brands from a “strong sell” rating to a “hold” rating in a report on Monday, August 18th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.00.

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.