First Eagle Investment Management LLC Has $2.58 Million Stock Position in ACCO Brands Co. (NYSE:ACCO)

First Eagle Investment Management LLC increased its holdings in shares of ACCO Brands Co. (NYSE:ACCO - Free Report) by 205.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 490,525 shares of the industrial products company's stock after acquiring an additional 329,822 shares during the quarter. First Eagle Investment Management LLC owned about 0.53% of ACCO Brands worth $2,575,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC raised its position in shares of ACCO Brands by 123.0% in the third quarter. FMR LLC now owns 5,911 shares of the industrial products company's stock valued at $32,000 after buying an additional 3,260 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in ACCO Brands in the 3rd quarter valued at $61,000. Burns Matteson Capital Management LLC bought a new stake in shares of ACCO Brands during the 4th quarter valued at $61,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of ACCO Brands during the 3rd quarter worth $63,000. Finally, Somerset Trust Co increased its position in shares of 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 during the period. Institutional investors and hedge funds own 84.56% of the company's stock.

Analysts Set New Price Targets

ACCO has been the subject of several analyst reports. StockNews.com cut shares of ACCO Brands from a "buy" rating to a "hold" rating in a research report on Thursday. Barrington Research cut their target price on ACCO Brands from $7.50 to $7.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th.

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ACCO Brands Price Performance

NYSE ACCO traded up $0.01 during trading on Thursday, hitting $4.57. 723,124 shares of the company's stock were exchanged, compared to its average volume of 619,349. The stock's 50 day moving average price is $4.99 and its two-hundred day moving average price is $5.31. ACCO Brands Co. has a fifty-two week low of $4.30 and a fifty-two week high of $6.44. The company has a current ratio of 1.60, a quick ratio of 0.94 and a debt-to-equity ratio of 1.38. The company has a market cap of $424.00 million, a PE ratio of -4.31, a P/E/G ratio of 0.37 and a beta of 1.74.

ACCO Brands (NYSE:ACCO - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The industrial products company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $448.10 million during the quarter, compared to the consensus estimate of $455.06 million. ACCO Brands had a negative net margin of 6.10% and a positive return on equity of 14.96%. Research analysts expect that ACCO Brands Co. will post 1.02 EPS for the current year.

ACCO Brands Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 6.57%. ACCO Brands's payout ratio is presently -28.30%.

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.