ACCO Brands Co. (NYSE:ACCO) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in ACCO Brands Co. (NYSE:ACCO - Free Report) by 130.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 329,656 shares of the industrial products company's stock after buying an additional 186,358 shares during the period. Teacher Retirement System of Texas owned about 0.35% of ACCO Brands worth $1,731,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ACCO. DMC Group LLC increased its position in ACCO Brands by 9.5% during the fourth 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 in the last quarter. Somerset Trust Co boosted its stake in shares of ACCO Brands by 22.1% during the fourth quarter. Somerset Trust Co now owns 15,067 shares of the industrial products company's stock valued at $79,000 after acquiring an additional 2,724 shares during the last quarter. FMR LLC increased its position in ACCO Brands by 123.0% during the 3rd quarter. FMR LLC now owns 5,911 shares of the industrial products company's stock worth $32,000 after purchasing an additional 3,260 shares in the last quarter. XTX Topco Ltd raised its stake in ACCO Brands by 8.8% in the 3rd quarter. XTX Topco Ltd now owns 58,905 shares of the industrial products company's stock valued at $322,000 after purchasing an additional 4,781 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in ACCO Brands by 7.1% in the 4th quarter. HighTower Advisors LLC now owns 77,190 shares of the industrial products company's stock valued at $405,000 after purchasing an additional 5,148 shares in the last quarter. 84.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ACCO has been the subject of a number of recent research reports. StockNews.com upgraded shares of ACCO Brands from a "hold" rating to a "buy" rating in a report on Friday. 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 Trading Down 3.8 %

NYSE ACCO traded down $0.17 during trading hours on Monday, hitting $4.21. 990,642 shares of the company's stock were exchanged, compared to its average volume of 661,855. 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 firm has a market capitalization of $390.56 million, a P/E ratio of -3.97, a price-to-earnings-growth ratio of 0.37 and a beta of 1.74. The business's 50 day moving average is $4.87 and its 200-day moving average is $5.26. ACCO Brands Co. has a 12-month low of $4.16 and a 12-month high of $6.44.

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

ACCO Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.30 annualized dividend and a dividend yield of 7.13%. ACCO Brands's dividend payout ratio is presently -28.30%.

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.