ACCO Brands Co. (NYSE:ACCO) CAO Kathy D. Schnaedter sold 8,178 shares of the firm’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $13.05, for a total transaction of $106,722.90. Following the transaction, the chief accounting officer now directly owns 72,299 shares of the company’s stock, valued at $943,501.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of ACCO Brands Co. (NYSE ACCO) traded up $0.25 on Monday, hitting $13.15. 761,775 shares of the stock traded hands, compared to its average volume of 716,587. The company has a market cap of $1,400.00, a PE ratio of 13.70, a P/E/G ratio of 0.95 and a beta of 1.21. ACCO Brands Co. has a one year low of $10.35 and a one year high of $14.75. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 1.15.
ACCO Brands (NYSE:ACCO) last released its earnings results on Wednesday, February 14th. The industrial products company reported $0.48 earnings per share for the quarter, beating the 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 business 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. The firm’s revenue was up 29.5% on a year-over-year basis. equities research analysts forecast that ACCO Brands Co. will post 1.35 EPS for the current year.
The company also recently announced a Not Available dividend, which will be paid on Wednesday, March 21st. Investors of record on Thursday, March 1st will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. ACCO Brands’s dividend payout ratio is presently 25.00%.
Several large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in shares of ACCO Brands by 1.8% in the second quarter. The Manufacturers Life Insurance Company now owns 83,528 shares of the industrial products company’s stock valued at $974,000 after buying an additional 1,442 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of ACCO Brands by 78.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 9,112 shares of the industrial products company’s stock valued at $100,000 after buying an additional 4,002 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in shares of ACCO Brands by 32.5% in the third quarter. Dynamic Technology Lab Private Ltd now owns 16,774 shares of the industrial products company’s stock valued at $200,000 after buying an additional 4,116 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of ACCO Brands by 53.9% in the third quarter. Victory Capital Management Inc. now owns 14,714 shares of the industrial products company’s stock valued at $175,000 after buying an additional 5,156 shares in the last quarter. Finally, American International Group Inc. grew its stake in shares of ACCO Brands by 8.1% in the third quarter. American International Group Inc. now owns 72,534 shares of the industrial products company’s stock valued at $863,000 after buying an additional 5,424 shares in the last quarter. 94.97% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of ACCO Brands from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Friday, February 16th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.33.
ILLEGAL ACTIVITY WARNING: “ACCO Brands Co. (ACCO) CAO Sells $106,722.90 in Stock” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/03/12/acco-brands-co-acco-cao-sells-106722-90-in-stock.html.
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.
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.