ACCO Brands Co. (NYSE:ACCO) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its stake in ACCO Brands Co. (NYSE:ACCO) by 9.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,315 shares of the industrial products company’s stock after selling 11,345 shares during the quarter. Federated Hermes Inc. owned about 0.12% of ACCO Brands worth $579,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ACCO. American Century Companies Inc. raised its position in shares of ACCO Brands by 37.4% in the 4th quarter. American Century Companies Inc. now owns 2,067,924 shares of the industrial products company’s stock worth $10,857,000 after buying an additional 562,985 shares during the period. Alliancebernstein L.P. lifted its stake in shares of ACCO Brands by 663.4% in the 4th quarter. Alliancebernstein L.P. now owns 410,236 shares of the industrial products company’s stock valued at $2,154,000 after purchasing an additional 356,500 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of 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 purchasing an additional 331,537 shares during the period. First Eagle Investment Management LLC increased its position in ACCO Brands by 205.2% during the 4th quarter. First Eagle Investment Management LLC now owns 490,525 shares of the industrial products company’s stock worth $2,575,000 after purchasing an additional 329,822 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in ACCO Brands by 56.6% in the fourth quarter. JPMorgan Chase & Co. now owns 811,629 shares of the industrial products company’s stock valued at $4,261,000 after buying an additional 293,506 shares during the period. Institutional investors and hedge funds own 84.56% of the company’s stock.

ACCO Brands Stock Down 2.2 %

NYSE ACCO opened at $3.61 on Thursday. The stock has a market cap of $325.26 million, a PE ratio of -3.41, a P/E/G ratio of 0.37 and a beta of 1.60. The business has a 50 day moving average price of $4.47 and a two-hundred day moving average price of $5.11. ACCO Brands Co. has a fifty-two week low of $3.47 and a fifty-two week high of $6.44. The company has a quick ratio of 0.94, a current ratio of 1.60 and a debt-to-equity ratio of 1.38.

ACCO Brands (NYSE:ACCO) last released its quarterly earnings results on Thursday, February 20th. The industrial products company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. The firm had revenue of $448.10 million for the quarter, compared to analyst estimates of $455.06 million. As a group, sell-side analysts predict that ACCO Brands Co. will post 1.02 EPS for the current fiscal year.

ACCO Brands Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Friday, March 14th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 8.31%. The ex-dividend date of this dividend was Friday, March 14th. ACCO Brands’s dividend payout ratio (DPR) is -28.30%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on ACCO shares. StockNews.com raised shares of ACCO Brands from a “hold” rating to a “buy” rating in a research report on Friday, March 28th. Barrington Research cut their price objective on ACCO Brands from $7.50 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th.

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.