Strs Ohio Trims Position in ACCO Brands Co. (NYSE:ACCO)

Strs Ohio cut its holdings in shares of ACCO Brands Co. (NYSE:ACCO) by 3.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 107,400 shares of the industrial products company’s stock after selling 3,800 shares during the quarter. Strs Ohio’s holdings in ACCO Brands were worth $652,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. DMC Group LLC increased its stake in shares of ACCO Brands by 14.0% during the third quarter. DMC Group LLC now owns 17,817 shares of the industrial products company’s stock valued at $102,000 after buying an additional 2,184 shares during the period. WINTON GROUP Ltd increased its stake in shares of ACCO Brands by 15.1% during the third quarter. WINTON GROUP Ltd now owns 17,172 shares of the industrial products company’s stock valued at $99,000 after buying an additional 2,255 shares during the period. Exchange Traded Concepts LLC increased its stake in shares of ACCO Brands by 3.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 69,312 shares of the industrial products company’s stock valued at $421,000 after buying an additional 2,424 shares during the period. AXQ Capital LP grew its stake in ACCO Brands by 34.8% in the third quarter. AXQ Capital LP now owns 16,770 shares of the industrial products company’s stock worth $96,000 after purchasing an additional 4,332 shares during the period. Finally, New York State Teachers Retirement System purchased a new stake in ACCO Brands in the fourth quarter worth $50,000. 84.56% of the stock is owned by hedge funds and other institutional investors.

ACCO Brands Price Performance

Shares of ACCO stock opened at $4.86 on Friday. The stock has a market cap of $464.33 million, a price-to-earnings ratio of -20.23, a PEG ratio of 0.39 and a beta of 1.64. The business’s fifty day moving average is $5.48 and its 200 day moving average is $5.58. ACCO Brands Co. has a twelve month low of $4.30 and a twelve month high of $6.62. The company has a quick ratio of 0.97, a current ratio of 1.58 and a debt-to-equity ratio of 1.12.

ACCO Brands (NYSE:ACCO) last released its earnings results on Friday, February 23rd. The industrial products company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.33 by $0.06. ACCO Brands had a positive return on equity of 12.94% and a negative net margin of 1.19%. The business had revenue of $488.60 million for the quarter, compared to the consensus estimate of $476.37 million. During the same period in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. Research analysts expect that ACCO Brands Co. will post 1.07 EPS for the current fiscal year.

ACCO Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 15th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 6.18%. The ex-dividend date of this dividend was Thursday, March 14th. ACCO Brands’s dividend payout ratio (DPR) is -125.00%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barrington Research reaffirmed an “outperform” rating and issued a $7.50 price target on shares of ACCO Brands in a research note on Thursday, February 29th. StockNews.com cut ACCO Brands from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th.

About ACCO Brands

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, planners, dry erase boards, school notebooks, and janitorial supplies; storage and organization products, such as lever-arch binders, sheet protectors, and indexes; sheet protectors and indexes; laminating, binding, and shredding machines; writing instruments and art products; stapling and punching products; and do-it-yourself tools.