ACCO Brands Co. (NYSE:ACCO) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lessened its stake in ACCO Brands Co. (NYSE:ACCO) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 335,739 shares of the industrial products company’s stock after selling 3,373 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.36% of ACCO Brands worth $1,763,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ACCO. Robeco Institutional Asset Management B.V. lifted its holdings in shares of ACCO Brands by 135.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 577,039 shares of the industrial products company’s stock valued at $3,029,000 after buying an additional 331,537 shares during the period. Barclays PLC increased its stake in shares of ACCO Brands by 285.3% in the 3rd quarter. Barclays PLC now owns 148,302 shares of the industrial products company’s stock valued at $810,000 after purchasing an additional 109,813 shares in the last quarter. Foundry Partners LLC increased its stake in shares of ACCO Brands by 15.7% in the 3rd quarter. Foundry Partners LLC now owns 765,851 shares of the industrial products company’s stock valued at $4,189,000 after purchasing an additional 104,160 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of ACCO Brands by 1.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,120,891 shares of the industrial products company’s stock valued at $31,767,000 after purchasing an additional 97,086 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of ACCO Brands by 1.7% in the 3rd quarter. Wellington Management Group LLP now owns 4,776,716 shares of the industrial products company’s stock valued at $26,129,000 after purchasing an additional 81,990 shares in the last quarter. Institutional investors and hedge funds own 84.56% of the company’s stock.

ACCO Brands Price Performance

NYSE:ACCO opened at $4.46 on Wednesday. ACCO Brands Co. has a 12 month low of $4.30 and a 12 month high of $6.44. The stock has a 50 day moving average of $5.00 and a two-hundred day moving average of $5.31. 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 firm has a market cap of $413.78 million, a P/E ratio of -4.20, a price-to-earnings-growth ratio of 0.37 and a beta of 1.74.

ACCO Brands (NYSE:ACCO) last posted 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). ACCO Brands had a positive return on equity of 14.96% and a negative net margin of 6.10%. The firm had revenue of $448.10 million for the quarter, compared to analysts’ expectations of $455.06 million. On average, analysts expect that ACCO Brands Co. will post 1.02 earnings per share for the current fiscal year.

ACCO Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, March 14th. This represents a $0.30 annualized dividend and a yield of 6.73%. ACCO Brands’s dividend payout ratio (DPR) is currently -28.30%.

Analyst Ratings Changes

ACCO has been the subject of several recent analyst reports. StockNews.com upgraded ACCO Brands from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th. Barrington Research cut their price target 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.

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.