Empowered Funds LLC Purchases Shares of 550,371 Acco Brands Corporation $ACCO

Empowered Funds LLC acquired a new stake in shares of Acco Brands Corporation (NYSE:ACCO) during the second quarter, Holdings Channel reports. The fund acquired 550,371 shares of the industrial products company’s stock, valued at approximately $2,290,000.

Several other large investors have also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of Acco Brands in the 1st quarter valued at about $127,000. Creative Planning increased its stake in Acco Brands by 53.3% in the 2nd quarter. Creative Planning now owns 54,421 shares of the industrial products company’s stock worth $195,000 after purchasing an additional 18,924 shares during the period. JPMorgan Chase & Co. increased its stake in Acco Brands by 0.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 818,489 shares of the industrial products company’s stock worth $2,930,000 after purchasing an additional 3,039 shares during the period. Quantbot Technologies LP lifted its position in Acco Brands by 8.3% in the second quarter. Quantbot Technologies LP now owns 78,218 shares of the industrial products company’s stock valued at $280,000 after purchasing an additional 6,018 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Acco Brands by 102.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,550,367 shares of the industrial products company’s stock valued at $5,550,000 after purchasing an additional 784,826 shares during the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.

Acco Brands Trading Up 2.5%

ACCO opened at $4.36 on Thursday. Acco Brands Corporation has a one year low of $2.81 and a one 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 business has a 50 day simple moving average of $4.18 and a two-hundred day simple moving average of $3.82. The firm has a market capitalization of $402.01 million, a price-to-earnings ratio of 7.02, a PEG ratio of 0.80 and a beta of 1.21.

Acco Brands (NYSE:ACCO) last issued its quarterly earnings data on Thursday, July 30th. The industrial products company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Acco Brands had a return on equity of 12.57% and a net margin of 3.74%.The firm had revenue of $415.10 million for the quarter, compared to analyst estimates of $402.53 million. 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 predict that Acco Brands Corporation will post 0.88 EPS for the current year.

Acco Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 9th. Investors of record on Friday, August 21st will be issued a $0.075 dividend. The ex-dividend date is Friday, August 21st. This represents a $0.30 annualized dividend and a yield of 6.9%. Acco Brands’s payout ratio is 48.39%.

Analyst Ratings Changes

A number of research firms have recently weighed in on ACCO. Weiss Ratings raised Acco Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, July 10th. Zacks Research upgraded shares of Acco Brands from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Barrington Research set a $6.00 price target on shares of Acco Brands in a report on Wednesday, August 5th. Finally, Wall Street Zen cut shares of Acco Brands from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.00.

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.