Prudential Financial Inc. grew its holdings in shares of ACCO Brands Co. (NYSE:ACCO) by 10.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,009,096 shares of the industrial products company’s stock after purchasing an additional 95,440 shares during the period. Prudential Financial Inc. owned about 1.03% of ACCO Brands worth $7,942,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in ACCO Brands by 1.8% in the second quarter. JPMorgan Chase & Co. now owns 5,941,729 shares of the industrial products company’s stock valued at $45,693,000 after purchasing an additional 104,622 shares in the last quarter. LSV Asset Management increased its holdings in ACCO Brands by 4.3% in the 1st quarter. LSV Asset Management now owns 4,515,404 shares of the industrial products company’s stock valued at $38,651,000 after buying an additional 184,700 shares during the period. OppenheimerFunds Inc. raised its position in shares of ACCO Brands by 1.6% in the 1st quarter. OppenheimerFunds Inc. now owns 3,218,912 shares of the industrial products company’s stock valued at $27,553,000 after buying an additional 51,159 shares in the last quarter. Nordea Investment Management AB raised its position in shares of ACCO Brands by 2.7% in the 1st quarter. Nordea Investment Management AB now owns 813,488 shares of the industrial products company’s stock valued at $6,964,000 after buying an additional 21,370 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of ACCO Brands by 18.2% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 743,694 shares of the industrial products company’s stock valued at $6,364,000 after buying an additional 114,775 shares in the last quarter. 94.55% of the stock is currently owned by institutional investors.

In related news, VP Patrick Buchenroth sold 21,520 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $9.86, for a total transaction of $212,187.20. Following the sale, the vice president now owns 93,957 shares of the company’s stock, valued at approximately $926,416.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Gregory J. Mccormack sold 10,872 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $9.55, for a total value of $103,827.60. Following the sale, the senior vice president now owns 108,302 shares in the company, valued at approximately $1,034,284.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 304,539 shares of company stock valued at $2,876,810. 4.90% of the stock is owned by corporate insiders.

ACCO has been the topic of several analyst reports. Zacks Investment Research upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Friday, August 2nd. Noble Financial restated a “buy” rating and set a $14.00 price objective on shares of ACCO Brands in a research report on Thursday, August 8th. TheStreet upgraded shares of ACCO Brands from a “c+” rating to a “b-” rating in a research report on Wednesday, August 21st. Finally, ValuEngine upgraded ACCO Brands from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $12.00.

NYSE:ACCO traded down $0.02 during trading hours on Wednesday, hitting $9.85. The company’s stock had a trading volume of 1,603 shares, compared to its average volume of 535,070. ACCO Brands Co. has a twelve month low of $6.07 and a twelve month high of $12.40. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.94 and a quick ratio of 1.20. The stock has a fifty day simple moving average of $9.24 and a 200-day simple moving average of $8.54. The company has a market capitalization of $934.02 million, a P/E ratio of 8.67, a PEG ratio of 1.14 and a beta of 1.85.

ACCO Brands (NYSE:ACCO) last issued its earnings results on Tuesday, July 30th. The industrial products company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.04. The firm had revenue of $518.70 million during the quarter, compared to the consensus estimate of $493.89 million. ACCO Brands had a return on equity of 16.06% and a net margin of 5.43%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. On average, equities analysts predict that ACCO Brands Co. will post 1.19 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 18th. Investors of record on Friday, August 23rd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, August 22nd. ACCO Brands’s dividend payout ratio is 21.05%.

ACCO Brands Profile

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, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.

Featured Story: What is the quiet period?

Want to see what other hedge funds are holding ACCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ACCO Brands Co. (NYSE:ACCO).

Institutional Ownership by Quarter for ACCO Brands (NYSE:ACCO)

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.