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.
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.
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