Franklin Resources Inc. Has $469,000 Stock Position in ACCO Brands Co. (NYSE:ACCO)

Franklin Resources Inc. lessened its stake in ACCO Brands Co. (NYSE:ACCO) by 32.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,818 shares of the industrial products company’s stock after selling 43,729 shares during the quarter. Franklin Resources Inc.’s holdings in ACCO Brands were worth $469,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Bank of Montreal Can acquired a new position in ACCO Brands during the 2nd quarter worth approximately $4,588,000. Millennium Management LLC boosted its holdings in ACCO Brands by 116.1% during the second quarter. Millennium Management LLC now owns 1,173,755 shares of the industrial products company’s stock worth $5,517,000 after purchasing an additional 630,663 shares during the last quarter. American Century Companies Inc. boosted its holdings in ACCO Brands by 113.0% during the second quarter. American Century Companies Inc. now owns 1,063,997 shares of the industrial products company’s stock worth $5,001,000 after purchasing an additional 564,406 shares during the last quarter. Capital Management Corp VA increased its stake in ACCO Brands by 14.3% in the 3rd quarter. Capital Management Corp VA now owns 3,526,095 shares of the industrial products company’s stock valued at $19,288,000 after buying an additional 439,810 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in ACCO Brands by 34.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,656,925 shares of the industrial products company’s stock valued at $7,788,000 after buying an additional 426,201 shares during the last quarter. Institutional investors own 84.56% of the company’s stock.

ACCO Brands Stock Performance

Shares of ACCO opened at $5.25 on Wednesday. The company has a market cap of $487.63 million, a PE ratio of -2.78, a price-to-earnings-growth ratio of 0.48 and a beta of 1.67. The firm has a 50-day moving average of $5.66 and a 200-day moving average of $5.26. ACCO Brands Co. has a one year low of $4.36 and a one year high of $6.62. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.60 and a quick ratio of 0.94.

ACCO Brands (NYSE:ACCO) last posted its quarterly earnings results on Thursday, October 31st. The industrial products company reported $0.23 EPS for the quarter, hitting analysts’ consensus estimates of $0.23. The business had revenue of $420.90 million during the quarter, compared to analysts’ expectations of $418.20 million. ACCO Brands had a positive return on equity of 14.30% and a negative net margin of 10.64%. ACCO Brands’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.24 earnings per share. As a group, equities analysts forecast that ACCO Brands Co. will post 1.04 earnings per share for the current year.

ACCO Brands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Friday, November 15th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 5.71%. The ex-dividend date of this dividend was Friday, November 15th. ACCO Brands’s dividend payout ratio (DPR) is presently -15.87%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ACCO. Barrington Research increased their price target on ACCO Brands from $7.00 to $7.50 and gave the company an “outperform” rating in a research report on Friday, November 22nd. StockNews.com downgraded ACCO Brands from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th.

ACCO Brands Company 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.