ACCO Brands Co. (NYSE:ACCO) CAO Kathy D. Schnaedter sold 8,178 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer now directly owns 72,299 shares of the company’s stock, valued at $943,501.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of ACCO Brands Co. (ACCO) traded up $0.25 during trading on Monday, reaching $13.15. The company’s stock had a trading volume of 761,775 shares, compared to its average volume of 716,587. ACCO Brands Co. has a fifty-two week low of $10.35 and a fifty-two week high of $14.75. The firm has a market cap of $1,400.00, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 0.95 and a beta of 1.21. The company has a quick ratio of 1.07, a current ratio of 1.54 and a debt-to-equity ratio of 1.15.

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ACCO Brands (NYSE:ACCO) last announced its quarterly earnings results on Wednesday, February 14th. The industrial products company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. ACCO Brands had a return on equity of 17.97% and a net margin of 6.76%. The business had revenue of $566.80 million during the quarter, compared to the consensus estimate of $563.27 million. During the same quarter last year, the firm posted $0.32 EPS. The company’s quarterly revenue was up 29.5% on a year-over-year basis. sell-side analysts expect that ACCO Brands Co. will post 1.35 EPS for the current year.

ACCO Brands announced that its board has authorized a share 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 reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The company also recently announced a Not Available dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, February 28th. ACCO Brands’s dividend payout ratio is currently 25.00%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Xact Kapitalforvaltning AB acquired a new stake in shares of ACCO Brands during the fourth quarter worth $189,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of ACCO Brands during the fourth quarter worth $1,903,000. MetLife Investment Advisors LLC acquired a new stake in shares of ACCO Brands during the fourth quarter worth $534,000. Gotham Asset Management LLC acquired a new stake in shares of ACCO Brands during the fourth quarter worth $552,000. Finally, Jane Street Group LLC acquired a new stake in shares of ACCO Brands during the fourth quarter worth $212,000. 94.97% of the stock is owned by institutional investors.

Separately, Zacks Investment Research downgraded ACCO Brands from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $15.33.

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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.

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