Dupont Capital Management Corp acquired a new stake in ACCO Brands Co. (NYSE:ACCO – Get Rating) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 22,310 shares of the industrial products company’s stock, valued at approximately $178,000.
Other large investors have also made changes to their positions in the company. Counterpoint Mutual Funds LLC bought a new stake in shares of ACCO Brands in the 4th quarter valued at $25,000. Econ Financial Services Corp bought a new stake in shares of ACCO Brands in the 4th quarter valued at $46,000. Ritholtz Wealth Management acquired a new position in ACCO Brands in the 1st quarter worth $80,000. Advisor Group Holdings Inc. boosted its stake in ACCO Brands by 55.8% in the 4th quarter. Advisor Group Holdings Inc. now owns 9,848 shares of the industrial products company’s stock worth $81,000 after purchasing an additional 3,526 shares during the period. Finally, DGS Capital Management LLC acquired a new position in ACCO Brands in the 4th quarter worth $122,000. Institutional investors own 85.00% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on ACCO shares. TheStreet downgraded shares of ACCO Brands from a “b” rating to a “c+” rating in a research note on Wednesday, April 27th. StockNews.com cut shares of ACCO Brands from a “buy” rating to a “hold” rating in a report on Friday, April 29th.
ACCO Brands Stock Up 1.7 %
Shares of ACCO opened at $6.74 on Tuesday. ACCO Brands Co. has a 12 month low of $6.36 and a 12 month high of $9.76. The firm’s 50 day moving average is $6.94 and its 200-day moving average is $7.69. The stock has a market capitalization of $653.69 million, a PE ratio of 5.48 and a beta of 1.87. The company has a current ratio of 1.68, a quick ratio of 0.85 and a debt-to-equity ratio of 1.26.
ACCO Brands (NYSE:ACCO – Get Rating) last announced its earnings results on Tuesday, April 26th. The industrial products company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. ACCO Brands had a net margin of 5.82% and a return on equity of 16.57%. The company had revenue of $441.60 million for the quarter, compared to analysts’ expectations of $420.45 million. During the same period last year, the firm earned $0.10 earnings per share. Equities research analysts forecast that ACCO Brands Co. will post 1.58 EPS for the current year.
ACCO Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Friday, May 27th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $0.30 annualized dividend and a dividend yield of 4.45%. ACCO Brands’s dividend payout ratio is presently 24.39%.
ACCO Brands 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, calendars, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.
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