Northern Trust Corp Purchases 36,215 Shares of ACCO Brands Co. (NYSE:ACCO)

Northern Trust Corp lifted its position in ACCO Brands Co. (NYSE:ACCO) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 948,582 shares of the industrial products company’s stock after buying an additional 36,215 shares during the period. Northern Trust Corp owned approximately 1.02% of ACCO Brands worth $4,980,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new position in ACCO Brands in the fourth quarter worth $107,000. Robeco Institutional Asset Management B.V. grew its stake in ACCO Brands by 135.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 577,039 shares of the industrial products company’s stock worth $3,029,000 after buying an additional 331,537 shares during the last quarter. DMC Group LLC grew its stake in ACCO Brands by 9.5% during the 4th quarter. DMC Group LLC now owns 28,783 shares of the industrial products company’s stock worth $151,000 after buying an additional 2,496 shares during the last quarter. EMC Capital Management increased its position in ACCO Brands by 65.0% during the 4th quarter. EMC Capital Management now owns 31,083 shares of the industrial products company’s stock valued at $163,000 after buying an additional 12,240 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in ACCO Brands by 1.9% in the fourth quarter. Empowered Funds LLC now owns 444,171 shares of the industrial products company’s stock valued at $2,332,000 after buying an additional 8,250 shares during the last quarter. Institutional investors own 84.56% of the company’s stock.

ACCO Brands Price Performance

NYSE ACCO opened at $3.63 on Thursday. The company has a market cap of $326.61 million, a price-to-earnings ratio of -3.42, a PEG ratio of 0.37 and a beta of 1.36. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94. The stock’s fifty day moving average price is $3.92 and its 200 day moving average price is $4.87. ACCO Brands Co. has a 1 year low of $3.41 and a 1 year high of $6.44.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings data on Thursday, May 1st. The industrial products company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $317.40 million during the quarter, compared to analysts’ expectations of $318.75 million. ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. As a group, equities research analysts forecast that ACCO Brands Co. will post 1.02 earnings per share for the current year.

ACCO Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Friday, May 23rd will be paid a $0.075 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 8.28%. ACCO Brands’s payout ratio is currently -26.55%.

Wall Street Analyst Weigh In

ACCO has been the topic of a number of research analyst reports. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Barrington Research lowered their target price on shares of ACCO Brands from $7.50 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th.

ACCO Brands Company 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, 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.