Insider Selling: ACCO Brands (ACCO) CAO Sells 8,178 Shares of Stock

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ACCO Brands (NYSE:ACCO) CAO Kathy D. Schnaedter sold 8,178 shares of ACCO Brands stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $13.05, for a total transaction of $106,722.90. Following the transaction, the chief accounting officer now owns 72,299 shares of the company’s stock, valued at $943,501.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

ACCO Brands stock traded down $0.20 during midday trading on Friday, hitting $12.85. 357,237 shares of the stock were exchanged, compared to its average volume of 590,107. ACCO Brands has a 52-week low of $10.35 and a 52-week high of $14.75. The stock has a market cap of $1,372.64, a PE ratio of 10.80, a price-to-earnings-growth ratio of 0.95 and a beta of 1.28. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.07 and a current ratio of 1.54.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. ACCO Brands had a net margin of 6.76% and a return on equity of 17.97%. The business had revenue of $566.80 million for the quarter, compared to analysts’ expectations of $563.27 million. During the same period in the previous year, the company earned $0.32 earnings per share. The firm’s revenue for the quarter was up 29.5% compared to the same quarter last year. analysts predict that ACCO Brands will post 1.35 EPS for the current fiscal year.

ACCO Brands declared that its board has authorized a stock repurchase program on Wednesday, February 14th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The company also recently declared a Not Available dividend, which was paid on Wednesday, March 21st. Investors of record on Thursday, March 1st were issued a dividend of $0.06 per share. The ex-dividend date was Wednesday, February 28th. ACCO Brands’s dividend payout ratio (DPR) is presently 20.17%.

A number of research analysts have recently issued reports on ACCO shares. Zacks Investment Research cut shares of ACCO Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine cut shares of ACCO Brands from a “buy” rating to a “hold” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.33.

A number of institutional investors have recently added to or reduced their stakes in ACCO. DekaBank Deutsche Girozentrale boosted its holdings in ACCO Brands by 78.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 9,112 shares of the industrial products company’s stock worth $100,000 after purchasing an additional 4,002 shares during the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in ACCO Brands in the third quarter valued at about $120,000. Hotchkis & Wiley Capital Management LLC purchased a new position in ACCO Brands in the third quarter valued at about $136,000. Oppenheimer Asset Management Inc. boosted its stake in ACCO Brands by 92.0% in the third quarter. Oppenheimer Asset Management Inc. now owns 12,390 shares of the industrial products company’s stock valued at $147,000 after acquiring an additional 5,938 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in ACCO Brands by 53.9% in the third quarter. Victory Capital Management Inc. now owns 14,714 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 5,156 shares during the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

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About ACCO Brands

ACCO Brands Corporation designs, manufactures, and markets, consumer and business products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company offers school notebooks, calendars, and whiteboards; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; stapling, punching, laminating, binding, and shredding products; do-it-yourself tools; and computer accessories and others, which are primarily used in schools, homes, and businesses.

Insider Buying and Selling by Quarter for ACCO Brands (NYSE:ACCO)

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