Kathy D. Schnaedter Sells 8,178 Shares of ACCO Brands Co. (ACCO) Stock
ACCO Brands Co. (NYSE:ACCO) CAO Kathy D. Schnaedter sold 8,178 shares of the 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of ACCO Brands Co. (NYSE:ACCO) opened at $13.10 on Wednesday. ACCO Brands Co. has a 12-month low of $10.35 and a 12-month high of $14.75. The stock has a market cap of $1,399.24, a PE ratio of 11.14, a P/E/G ratio of 0.97 and a beta of 1.21. 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 data on Wednesday, February 14th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $566.80 million during the quarter, compared to analysts’ expectations of $563.27 million. During the same period last year, the business earned $0.32 earnings per share. ACCO Brands’s revenue was up 29.5% compared to the same quarter last year. analysts predict that ACCO Brands Co. will post 1.35 EPS for the current year.
The company also recently disclosed 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 is Wednesday, February 28th. ACCO Brands’s payout ratio is currently 20.00%.
A number of institutional investors have recently added to or reduced their stakes in ACCO. The Manufacturers Life Insurance Company increased its position in ACCO Brands by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 83,528 shares of the industrial products company’s stock worth $974,000 after purchasing an additional 1,442 shares during the last quarter. First Trust Advisors LP increased its position in ACCO Brands by 22.9% during the third quarter. First Trust Advisors LP now owns 213,107 shares of the industrial products company’s stock worth $2,536,000 after purchasing an additional 39,640 shares during the last quarter. Victory Capital Management Inc. increased its position in ACCO Brands by 53.9% during the third quarter. Victory Capital Management Inc. now owns 14,714 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 5,156 shares during the last quarter. American Century Companies Inc. increased its position in shares of ACCO Brands by 3.9% during the third quarter. American Century Companies Inc. now owns 459,084 shares of the industrial products company’s stock valued at $5,463,000 after acquiring an additional 17,150 shares during the last quarter. Finally, IndexIQ Advisors LLC increased its position in shares of ACCO Brands by 83.1% during the third quarter. IndexIQ Advisors LLC now owns 65,910 shares of the industrial products company’s stock valued at $784,000 after acquiring an additional 29,907 shares during the last quarter. Hedge funds and other institutional investors own 94.97% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.33.
About ACCO Brands
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.
Receive News & Ratings for ACCO Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ACCO Brands and related companies with MarketBeat.com's FREE daily email newsletter.