Inspire Investing LLC grew its holdings in shares of Acco Brands Corporation (NYSE:ACCO – Free Report) by 8.1% during the first quarter, Holdings Channel reports. The firm owned 82,556 shares of the industrial products company’s stock after purchasing an additional 6,165 shares during the quarter. Inspire Investing LLC’s holdings in Acco Brands were worth $346,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of ACCO. Northern Trust Corp increased its stake in Acco Brands by 4.0% during the fourth quarter. Northern Trust Corp now owns 948,582 shares of the industrial products company’s stock worth $4,980,000 after purchasing an additional 36,215 shares during the period. Ameriprise Financial Inc. increased its stake in Acco Brands by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 933,820 shares of the industrial products company’s stock worth $4,903,000 after purchasing an additional 5,400 shares during the period. BNP Paribas Financial Markets increased its stake in Acco Brands by 162.7% during the fourth quarter. BNP Paribas Financial Markets now owns 68,817 shares of the industrial products company’s stock worth $361,000 after purchasing an additional 42,625 shares during the period. Bank of America Corp DE increased its stake in Acco Brands by 21.1% during the fourth quarter. Bank of America Corp DE now owns 875,463 shares of the industrial products company’s stock worth $4,596,000 after purchasing an additional 152,495 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its stake in Acco Brands by 26.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 303,859 shares of the industrial products company’s stock worth $1,595,000 after purchasing an additional 62,702 shares during the period. 84.56% of the stock is currently owned by hedge funds and other institutional investors.
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Acco Brands Stock Performance
Shares of ACCO opened at $4.01 on Monday. The stock has a 50 day moving average price of $3.86 and a 200 day moving average price of $3.89. The company has a quick ratio of 1.15, a current ratio of 1.85 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $361.33 million, a price-to-earnings ratio of 8.53, a price-to-earnings-growth ratio of 0.47 and a beta of 1.44. Acco Brands Corporation has a 52-week low of $3.32 and a 52-week high of $6.43.
Acco Brands (NYSE:ACCO – Get Free Report) last announced its quarterly earnings results 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 business had revenue of $394.80 million during the quarter, compared to analyst estimates of $389.81 million. Acco Brands had a net margin of 2.90% and a return on equity of 13.60%. Acco Brands has set its FY 2025 guidance at 0.830-0.900 EPS. Q3 2025 guidance at 0.210-0.240 EPS. Research analysts predict that Acco Brands Corporation will post 1.02 EPS for the current fiscal year.
Acco Brands Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Friday, August 22nd were issued a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend was Friday, August 22nd. Acco Brands’s dividend payout ratio is 63.83%.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. Zacks Research upgraded shares of Acco Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, August 18th. Barrington Research restated an “outperform” rating and set a $6.00 target price 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 assigned a Hold rating to the company. Based on data from MarketBeat, Acco Brands presently has an average rating of “Moderate Buy” and a consensus price target of $6.00.
Check Out Our Latest Report on Acco Brands
About Acco Brands
(Free Report)
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.
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