ValuEngine cut shares of ACCO Brands (NYSE:ACCO) from a hold rating to a sell rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently commented on the company. Noble Financial reiterated a buy rating and set a $15.00 price target on shares of ACCO Brands in a report on Monday, August 6th. Zacks Investment Research cut ACCO Brands from a hold rating to a sell rating in a report on Thursday, August 2nd. Finally, Barrington Research reiterated a buy rating and set a $16.00 price target on shares of ACCO Brands in a report on Thursday, June 14th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. ACCO Brands has an average rating of Hold and an average target price of $15.40.

ACCO Brands stock opened at $11.55 on Friday. ACCO Brands has a 52 week low of $10.90 and a 52 week high of $14.63. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.74 and a quick ratio of 1.15. The stock has a market cap of $1.28 billion, a P/E ratio of 9.89, a price-to-earnings-growth ratio of 0.90 and a beta of 1.19.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). ACCO Brands had a return on equity of 17.95% and a net margin of 7.02%. The business had revenue of $498.80 million for the quarter, compared to the consensus estimate of $493.85 million. During the same quarter in the previous year, the business posted $0.31 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. sell-side analysts predict that ACCO Brands will post 1.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 19th. Investors of record on Friday, August 31st were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Thursday, August 30th. ACCO Brands’s payout ratio is currently 20.17%.

In other news, SVP Gregory J. Mccormack sold 15,678 shares of the business’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $12.42, for a total transaction of $194,720.76. Following the completion of the sale, the senior vice president now owns 81,079 shares in the company, valued at $1,007,001.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.10% of the company’s stock.

Large investors have recently modified their holdings of the company. KBC Group NV boosted its holdings in shares of ACCO Brands by 54.3% during the second quarter. KBC Group NV now owns 80,887 shares of the industrial products company’s stock worth $1,120,000 after acquiring an additional 28,454 shares during the period. OppenheimerFunds Inc. boosted its holdings in shares of ACCO Brands by 2.7% during the second quarter. OppenheimerFunds Inc. now owns 2,298,734 shares of the industrial products company’s stock worth $31,837,000 after acquiring an additional 59,472 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of ACCO Brands by 37.3% during the first quarter. New York State Common Retirement Fund now owns 156,937 shares of the industrial products company’s stock worth $1,970,000 after acquiring an additional 42,637 shares during the period. SG Americas Securities LLC boosted its holdings in shares of ACCO Brands by 90.3% during the second quarter. SG Americas Securities LLC now owns 39,844 shares of the industrial products company’s stock worth $552,000 after acquiring an additional 18,907 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of ACCO Brands by 15.6% during the first quarter. Russell Investments Group Ltd. now owns 1,573,507 shares of the industrial products company’s stock worth $19,747,000 after acquiring an additional 212,130 shares during the period. Institutional investors own 89.54% of the company’s stock.

About ACCO Brands

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, and whiteboards; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; stapling, punching, laminating, binding, and shredding products; do-it-yourself tools; and computer accessories and others, which are primarily used in schools, homes, and businesses.

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