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.

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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.

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

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.

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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.

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

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