ACCO Brands Co. (NYSE:ACCO – Get Rating)’s stock price reached a new 52-week low on Monday . The stock traded as low as $6.89 and last traded at $6.89, with a volume of 1294 shares trading hands. The stock had previously closed at $7.05.
Several brokerages recently weighed in on ACCO. TheStreet downgraded shares of ACCO Brands from a “b” rating to a “c+” rating in a research note on Wednesday, April 27th. StockNews.com downgraded shares of ACCO Brands from a “buy” rating to a “hold” rating in a research note on Friday, April 29th.
The stock has a market capitalization of $658.53 million, a PE ratio of 5.51 and a beta of 1.90. The stock’s 50-day moving average is $7.44 and its 200 day moving average is $7.99. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.85 and a current ratio of 1.68.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 22nd. Investors of record on Friday, May 27th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date of this dividend is Thursday, May 26th. ACCO Brands’s dividend payout ratio is currently 24.39%.
Several hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP lifted its stake in shares of ACCO Brands by 32.2% in the first quarter. First Trust Advisors LP now owns 315,635 shares of the industrial products company’s stock valued at $2,702,000 after purchasing an additional 76,829 shares during the period. Morgan Stanley increased its holdings in ACCO Brands by 16.0% during the 2nd quarter. Morgan Stanley now owns 469,353 shares of the industrial products company’s stock valued at $4,050,000 after acquiring an additional 64,819 shares in the last quarter. Geode Capital Management LLC increased its holdings in ACCO Brands by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,587,886 shares of the industrial products company’s stock valued at $13,639,000 after acquiring an additional 76,767 shares in the last quarter. Credit Suisse AG increased its holdings in ACCO Brands by 12.5% during the 3rd quarter. Credit Suisse AG now owns 86,436 shares of the industrial products company’s stock valued at $742,000 after acquiring an additional 9,593 shares in the last quarter. Finally, Voya Investment Management LLC increased its holdings in ACCO Brands by 2.1% during the 3rd quarter. Voya Investment Management LLC now owns 57,942 shares of the industrial products company’s stock valued at $498,000 after acquiring an additional 1,211 shares in the last quarter. Institutional investors own 85.00% of the company’s stock.
ACCO Brands Company Profile (NYSE:ACCO)
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.
- Get a free copy of the StockNews.com research report on ACCO Brands (ACCO)
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