Empowered Funds LLC Purchases 22,110 Shares of ACCO Brands Co. (NYSE:ACCO)

Empowered Funds LLC lifted its stake in shares of ACCO Brands Co. (NYSE:ACCO) by 5.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 435,921 shares of the industrial products company’s stock after purchasing an additional 22,110 shares during the quarter. Empowered Funds LLC’s holdings in ACCO Brands were worth $2,384,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Royce & Associates LP bought a new stake in shares of ACCO Brands during the 3rd quarter valued at approximately $80,000. GSA Capital Partners LLP grew its holdings in ACCO Brands by 137.6% during the 3rd quarter. GSA Capital Partners LLP now owns 355,472 shares of the industrial products company’s stock worth $1,944,000 after acquiring an additional 205,867 shares during the last quarter. Easterly Investment Partners LLC grew its holdings in ACCO Brands by 20.0% during the 3rd quarter. Easterly Investment Partners LLC now owns 222,762 shares of the industrial products company’s stock worth $1,219,000 after acquiring an additional 37,157 shares during the last quarter. Capital Management Corp VA grew its holdings in ACCO Brands by 14.3% during the 3rd quarter. Capital Management Corp VA now owns 3,526,095 shares of the industrial products company’s stock worth $19,288,000 after acquiring an additional 439,810 shares during the last quarter. Finally, Stephens Inc. AR bought a new stake in ACCO Brands during the 3rd quarter worth approximately $131,000. 84.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ACCO has been the topic of a number of research reports. StockNews.com raised shares of ACCO Brands from a “hold” rating to a “buy” rating in a report on Saturday, August 10th. Barrington Research reissued an “outperform” rating and set a $7.00 target price on shares of ACCO Brands in a report on Wednesday, September 4th.

ACCO Brands Stock Down 1.0 %

Shares of NYSE ACCO opened at $5.71 on Wednesday. The company has a market capitalization of $530.34 million, a P/E ratio of -3.02, a price-to-earnings-growth ratio of 0.47 and a beta of 1.63. ACCO Brands Co. has a 52-week low of $4.36 and a 52-week high of $6.62. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.94 and a current ratio of 1.60. The company’s 50 day moving average price is $5.39 and its 200-day moving average price is $5.11.

ACCO Brands (NYSE:ACCO) last released its earnings results on Thursday, October 31st. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. ACCO Brands had a negative net margin of 10.64% and a positive return on equity of 14.30%. The company had revenue of $420.90 million for the quarter, compared to the consensus estimate of $418.20 million. During the same quarter in the previous year, the company earned $0.24 EPS. ACCO Brands’s quarterly revenue was down 6.0% compared to the same quarter last year. Equities analysts forecast that ACCO Brands Co. will post 1.04 earnings per share for the current year.

ACCO Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.30 dividend on an annualized basis and a yield of 5.25%. ACCO Brands’s dividend payout ratio (DPR) is presently -15.87%.

Insider Buying and Selling at ACCO Brands

In other ACCO Brands news, SVP Pamela R. Schneider sold 19,166 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $5.47, for a total transaction of $104,838.02. Following the completion of the sale, the senior vice president now owns 243,899 shares in the company, valued at approximately $1,334,127.53. The trade was a 7.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 7.30% of the stock is currently owned by company insiders.

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, 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.