Empowered Funds LLC Purchases 8,250 Shares of ACCO Brands Co. (NYSE:ACCO)

Empowered Funds LLC lifted its stake in ACCO Brands Co. (NYSE:ACCO) by 1.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 444,171 shares of the industrial products company’s stock after buying an additional 8,250 shares during the period. Empowered Funds LLC’s holdings in ACCO Brands were worth $2,332,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. EMC Capital Management lifted its stake in shares of ACCO Brands by 65.0% in the fourth 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 during the period. DMC Group LLC raised its position in ACCO Brands by 9.5% in the fourth quarter. DMC Group LLC now owns 28,783 shares of the industrial products company’s stock worth $151,000 after purchasing an additional 2,496 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in ACCO Brands by 135.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 577,039 shares of the industrial products company’s stock worth $3,029,000 after purchasing an additional 331,537 shares in the last quarter. SG Americas Securities LLC acquired a new position in ACCO Brands in the fourth quarter worth about $107,000. Finally, Somerset Trust Co raised its position in ACCO Brands by 22.1% in the fourth quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company’s stock worth $79,000 after purchasing an additional 2,724 shares in the last quarter. Institutional investors own 84.56% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ACCO. Barrington Research increased their price target on shares of ACCO Brands from $7.00 to $7.50 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. StockNews.com lowered shares of ACCO Brands from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th.

ACCO Brands Stock Performance

NYSE ACCO opened at $5.38 on Friday. The firm has a market cap of $499.24 million, a price-to-earnings ratio of -2.84, a PEG ratio of 0.38 and a beta of 1.68. The company has a 50 day moving average of $5.32 and a 200-day moving average of $5.36. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. ACCO Brands Co. has a 1-year low of $4.36 and a 1-year high of $6.62.

ACCO Brands Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 5.58%. ACCO Brands’s payout ratio is -15.87%.

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.