ACCO Brands Co. (NYSE:ACCO) VP Thomas W. Tedford sold 241,266 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $13.36, for a total transaction of $3,223,313.76. Following the completion of the sale, the vice president now owns 190,500 shares in the company, valued at $2,545,080. The transaction was disclosed in a document filed with the SEC, which is available at this link.
ACCO Brands Co. (ACCO) traded down $0.30 during trading hours on Tuesday, reaching $13.35. 713,939 shares of the company traded hands, compared to its average volume of 595,272. The company has a current ratio of 1.70, a quick ratio of 1.09 and a debt-to-equity ratio of 1.39. ACCO Brands Co. has a twelve month low of $10.35 and a twelve month high of $14.75. The firm has a market cap of $1,454.42, a P/E ratio of 11.13, a PEG ratio of 1.01 and a beta of 1.34.
ACCO Brands (NYSE:ACCO) last posted its earnings results on Wednesday, February 14th. The industrial products company reported $0.48 EPS 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 18.31%. The business had revenue of $566.80 million for the quarter, compared to the consensus estimate of $563.27 million. During the same period last year, the company earned $0.32 EPS. The firm’s revenue was up 29.5% compared to the same quarter last year. equities analysts predict that ACCO Brands Co. will post 1.35 earnings per share for the current fiscal year.
The firm also recently announced a Not Available dividend, which will be paid on Wednesday, March 21st. Investors of record on Thursday, March 1st will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, February 28th.
Large investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale boosted its position in ACCO Brands by 78.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 9,112 shares of the industrial products company’s stock worth $100,000 after buying an additional 4,002 shares during the period. Ameritas Investment Partners Inc. raised its holdings in ACCO Brands by 12.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,496 shares of the industrial products company’s stock worth $111,000 after purchasing an additional 1,014 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new position in ACCO Brands during the 3rd quarter worth approximately $120,000. Hotchkis & Wiley Capital Management LLC bought a new position in ACCO Brands during the 3rd quarter worth approximately $136,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in ACCO Brands by 25.5% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 12,658 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 2,571 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.
Several equities research analysts recently commented on the stock. SunTrust Banks reiterated a “hold” rating and set a $13.00 target price on shares of ACCO Brands in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $15.33.
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ACCO Brands Company Profile
ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.
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