Shares of ACCO Brands Co. (NYSE:ACCO) have received a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $14.67.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised ACCO Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. ValuEngine downgraded ACCO Brands from a “sell” rating to a “strong sell” rating in a research note on Friday, March 1st. Finally, Barrington Research dropped their price target on ACCO Brands from $13.00 to $11.00 and set an “outperform” rating on the stock in a research note on Thursday, February 14th.
Hedge funds have recently added to or reduced their stakes in the company. IndexIQ Advisors LLC grew its holdings in ACCO Brands by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 181,135 shares of the industrial products company’s stock valued at $2,047,000 after purchasing an additional 6,842 shares during the period. Jane Street Group LLC bought a new position in ACCO Brands during the third quarter valued at $170,000. BlueMountain Capital Management LLC grew its holdings in ACCO Brands by 31.9% during the third quarter. BlueMountain Capital Management LLC now owns 92,492 shares of the industrial products company’s stock valued at $1,045,000 after purchasing an additional 22,343 shares during the period. Verition Fund Management LLC bought a new position in ACCO Brands during the third quarter valued at $152,000. Finally, MetLife Investment Advisors LLC grew its holdings in ACCO Brands by 51.9% during the third quarter. MetLife Investment Advisors LLC now owns 74,369 shares of the industrial products company’s stock valued at $840,000 after purchasing an additional 25,394 shares during the period. 92.80% of the stock is owned by institutional investors.
ACCO Brands (NYSE:ACCO) last released its quarterly earnings results on Wednesday, February 13th. The industrial products company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). The company had revenue of $529.00 million during the quarter, compared to the consensus estimate of $553.42 million. ACCO Brands had a net margin of 5.50% and a return on equity of 16.00%. The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. Equities research analysts expect that ACCO Brands will post 1.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Friday, March 15th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Thursday, March 14th. ACCO Brands’s dividend payout ratio (DPR) is presently 21.05%.
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, janitorial supplies, and whiteboards; storage and organization products, such as three-ring and lever-arch binders, sheet protectors, and indexes; laminating, binding, and shredding machines, as well as related consumable supplies; writing instruments; stapling and punching products; do-it-yourself tools; and computer accessories and others used in schools, homes, and businesses.
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