ACCO Brands Co. (NYSE:ACCO) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its stake in shares of ACCO Brands Co. (NYSE:ACCO – Get Rating) by 14.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,141 shares of the industrial products company’s stock after selling 9,420 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.06% of ACCO Brands worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC purchased a new position in shares of ACCO Brands during the fourth quarter valued at approximately $400,000. Quantbot Technologies LP purchased a new position in shares of ACCO Brands during the third quarter valued at approximately $201,000. Robeco Institutional Asset Management B.V. increased its position in ACCO Brands by 31.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 279,376 shares of the industrial products company’s stock worth $1,369,000 after purchasing an additional 67,226 shares during the last quarter. Burney Co. increased its position in ACCO Brands by 17.2% during the fourth quarter. Burney Co. now owns 421,519 shares of the industrial products company’s stock worth $2,356,000 after purchasing an additional 61,829 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in ACCO Brands during the third quarter worth approximately $101,000. 80.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other ACCO Brands news, EVP Roxanne M. Bernstein purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, March 9th. The stock was acquired at an average cost of $5.40 per share, with a total value of $27,000.00. Following the acquisition, the executive vice president now owns 25,000 shares of the company’s stock, valued at approximately $135,000. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 7.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on ACCO shares. Barrington Research upped their price target on shares of ACCO Brands from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 22nd. BWS Financial lowered shares of ACCO Brands from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $9.00 to $6.00 in a research report on Tuesday, February 14th. Finally, StockNews.com began coverage on shares of ACCO Brands in a research report on Thursday. They issued a “buy” rating for the company.

ACCO Brands Stock Performance

ACCO Brands stock opened at $5.14 on Monday. ACCO Brands Co. has a 12-month low of $4.27 and a 12-month high of $7.56. The company has a market capitalization of $487.89 million, a price-to-earnings ratio of -30.23, a price-to-earnings-growth ratio of 0.39 and a beta of 1.84. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.77 and a quick ratio of 0.94. The firm’s fifty day moving average price is $5.00 and its 200 day moving average price is $5.46.

ACCO Brands (NYSE:ACCO – Get Rating) last released its earnings results on Friday, May 5th. The industrial products company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.04. The company had revenue of $402.60 million during the quarter, compared to the consensus estimate of $391.88 million. ACCO Brands had a negative net margin of 0.74% and a positive return on equity of 12.11%. The company’s revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. On average, research analysts forecast that ACCO Brands Co. will post 1.11 EPS for the current fiscal year.

ACCO Brands Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 19th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend is Thursday, May 18th. ACCO Brands’s dividend payout ratio (DPR) is presently -176.46%.

About ACCO Brands

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ACCO Brands Corp. engages in the manufacture and marketing of office, school, calendar products, and select computer and electronic accessories. It operates through the followings segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. The ACCO Brands North America segment includes the U.S.