California Public Employees Retirement System increased its holdings in shares of ACCO Brands Co. (NYSE:ACCO) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,090 shares of the industrial products company’s stock after acquiring an additional 15,065 shares during the quarter. California Public Employees Retirement System’s holdings in ACCO Brands were worth $3,155,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ACCO. Vanguard Group Inc. increased its stake in shares of ACCO Brands by 0.5% in the second quarter. Vanguard Group Inc. now owns 9,716,711 shares of the industrial products company’s stock valued at $113,200,000 after purchasing an additional 50,566 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of ACCO Brands by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 9,193,361 shares of the industrial products company’s stock valued at $107,102,000 after purchasing an additional 108,304 shares during the period. Royal Bank of Canada increased its stake in shares of ACCO Brands by 5.9% in the second quarter. Royal Bank of Canada now owns 6,122,124 shares of the industrial products company’s stock valued at $71,323,000 after purchasing an additional 339,057 shares during the period. Northern Trust Corp increased its stake in shares of ACCO Brands by 9.5% in the second quarter. Northern Trust Corp now owns 2,428,165 shares of the industrial products company’s stock valued at $28,288,000 after purchasing an additional 210,786 shares during the period. Finally, Boston Partners increased its stake in shares of ACCO Brands by 6.3% in the third quarter. Boston Partners now owns 1,914,787 shares of the industrial products company’s stock valued at $22,786,000 after purchasing an additional 114,308 shares during the period. Hedge funds and other institutional investors own 91.17% of the company’s stock.

Shares of ACCO Brands Co. (NYSE:ACCO) opened at $12.80 on Monday. ACCO Brands Co. has a 12 month low of $10.35 and a 12 month high of $14.75. The company has a market cap of $1,360.00, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 0.96 and a beta of 1.50. The company has a quick ratio of 1.09, a current ratio of 1.70 and a debt-to-equity ratio of 1.39.

ACCO Brands (NYSE:ACCO) last announced its quarterly earnings results on Monday, October 30th. The industrial products company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. ACCO Brands had a net margin of 3.51% and a return on equity of 15.99%. The company had revenue of $532.20 million for the quarter, compared to analyst estimates of $529.65 million. During the same quarter last year, the business earned $0.29 earnings per share. ACCO Brands’s revenue was up 23.4% compared to the same quarter last year. equities research analysts forecast that ACCO Brands Co. will post 1.15 EPS for the current fiscal year.

ACCO has been the topic of several analyst reports. BidaskClub upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Zacks Investment Research upgraded shares of ACCO Brands from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, October 3rd. Finally, SunTrust Banks restated a “hold” rating and issued a $13.00 price target on shares of ACCO Brands in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $15.00.

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About ACCO Brands

ACCO Brands Corporation is engaged in designing, marketing and manufacturing of branded business, academic and selected consumer products. The Company operates through three segments: ACCO Brands North America, ACCO Brands International and Computer Products Group. The Company’s brands include Artline, AT-A-GLANCE, Derwent, Esselte, Five Star, GBC, Hilroy, Kensington, Leitz, Marbig, Mead, NOBO, Quartet, Rapid, Rexel, Swingline, Tilibra and Wilson Jones.

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Institutional Ownership by Quarter for ACCO Brands (NYSE:ACCO)

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