Acco Brands Corporation $ACCO Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in shares of Acco Brands Corporation (NYSE:ACCO) by 31.9% in the 1st quarter, Holdings Channel reports. The fund owned 894,821 shares of the industrial products company’s stock after selling 418,626 shares during the quarter. Renaissance Technologies LLC’s holdings in Acco Brands were worth $2,684,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Xponance LLC lifted its stake in Acco Brands by 11.8% in the 4th quarter. Xponance LLC now owns 25,335 shares of the industrial products company’s stock worth $94,000 after purchasing an additional 2,684 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Acco Brands by 0.4% in the second quarter. JPMorgan Chase & Co. now owns 818,489 shares of the industrial products company’s stock valued at $2,930,000 after purchasing an additional 3,039 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Acco Brands by 51.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 9,618 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 3,288 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Acco Brands by 5.6% in the fourth quarter. Franklin Resources Inc. now owns 69,297 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 3,655 shares during the last quarter. Finally, North Star Investment Management Corp. increased its holdings in shares of Acco Brands by 1.2% in the fourth quarter. North Star Investment Management Corp. now owns 418,525 shares of the industrial products company’s stock valued at $1,561,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ACCO shares. Weiss Ratings upgraded Acco Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Barrington Research set a $6.00 target price on Acco Brands in a report on Wednesday. Zacks Research raised Acco Brands from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Finally, Wall Street Zen lowered Acco Brands from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.00.

Acco Brands Stock Performance

NYSE:ACCO opened at $4.40 on Monday. The company’s 50-day moving average is $4.05 and its two-hundred day moving average is $3.78. Acco Brands Corporation has a 1-year low of $2.81 and a 1-year high of $4.56. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.97 and a quick ratio of 1.22. The firm has a market capitalization of $406.44 million, a price-to-earnings ratio of 7.10, a PEG ratio of 0.84 and a beta of 1.21.

Acco Brands (NYSE:ACCO) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $415.10 million during the quarter, compared to the consensus estimate of $402.53 million. Acco Brands had a net margin of 3.74% and a return on equity of 12.57%. Acco Brands has set its Q3 2026 guidance at 0.170-0.210 EPS and its FY 2026 guidance at 0.870-0.910 EPS. Analysts forecast that Acco Brands Corporation will post 0.88 EPS for the current year.

Acco Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 9th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $0.30 annualized dividend and a yield of 6.8%. Acco Brands’s dividend payout ratio (DPR) is 48.39%.

Insider Transactions at Acco Brands

In other Acco Brands news, SVP Angela Y. Jones sold 57,217 shares of Acco Brands stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $4.02, for a total value of $230,012.34. Following the sale, the senior vice president owned 18,580 shares in the company, valued at $74,691.60. The trade was a 75.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.30% of the stock is currently owned by company insiders.

Acco Brands Profile

Acco Brands Corporation is a global provider of branded office and school supplies, serving consumers, educational institutions and commercial customers. Headquartered in Lake Zurich, Illinois, the company designs, manufactures and distributes a wide range of products that enhance productivity and organization in work and learning environments.

The company’s portfolio includes staplers, hole punches, binding and laminating systems, writing tools, binders, folders and desktop accessories under well-known names such as ACCO, Swingline, GBC, Kensington, Mead and Five Star.