Strs Ohio Sells 3,800 Shares of ACCO Brands Co. (NYSE:ACCO)

Strs Ohio reduced its position in ACCO Brands Co. (NYSE:ACCO) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,400 shares of the industrial products company’s stock after selling 3,800 shares during the period. Strs Ohio owned approximately 0.11% of ACCO Brands worth $652,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ACCO. SG Americas Securities LLC lifted its holdings in shares of ACCO Brands by 77.6% in the 3rd quarter. SG Americas Securities LLC now owns 54,677 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 23,896 shares in the last quarter. Denali Advisors LLC bought a new position in ACCO Brands during the 3rd quarter valued at $218,000. Robeco Institutional Asset Management B.V. lifted its stake in ACCO Brands by 18.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 317,276 shares of the industrial products company’s stock valued at $1,821,000 after acquiring an additional 49,542 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in ACCO Brands during the 3rd quarter valued at $365,000. Finally, Bank of New York Mellon Corp lifted its stake in ACCO Brands by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,251,344 shares of the industrial products company’s stock valued at $7,183,000 after acquiring an additional 12,919 shares in the last quarter. 84.56% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ACCO has been the topic of several recent analyst reports. Barrington Research restated an “outperform” rating and set a $7.50 price objective on shares of ACCO Brands in a research note on Thursday, February 29th. StockNews.com cut ACCO Brands from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th.

ACCO Brands Trading Down 1.1 %

Shares of ACCO Brands stock opened at $4.86 on Friday. ACCO Brands Co. has a 1 year low of $4.30 and a 1 year high of $6.62. The firm has a market cap of $464.33 million, a PE ratio of -20.23, a P/E/G ratio of 0.39 and a beta of 1.64. The stock has a fifty day moving average price of $5.48 and a 200-day moving average price of $5.58. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.58 and a quick ratio of 0.97.

ACCO Brands (NYSE:ACCO) last announced its earnings results on Friday, February 23rd. The industrial products company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.06. ACCO Brands had a positive return on equity of 12.94% and a negative net margin of 1.19%. The firm had revenue of $488.60 million during the quarter, compared to analyst estimates of $476.37 million. During the same period last year, the firm posted $0.32 EPS. The business’s revenue was down 2.2% compared to the same quarter last year. Equities research analysts anticipate that ACCO Brands Co. will post 1.07 EPS for the current year.

ACCO Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 15th were given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 6.18%. The ex-dividend date was Thursday, March 14th. ACCO Brands’s dividend payout ratio is presently -125.00%.

ACCO Brands Company Profile

ACCO Brands Corporation designs, manufactures, and markets consumer, school, technology, and office products. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The company provides computer and gaming accessories, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.