Inside Deal: Joseph Pekala Unloaded 20,473 Shares of ACCO Brands (ACCO); IDEX (IEX) Covered By 2 Bullish Analysts Last Week

June 13, 2018 - By David King

ACCO Brands Corporation (NYSE:ACCO) Logo

Among 16 analysts covering IDEX Corporation (NYSE:IEX), 2 have Buy rating, 0 Sell and 14 Hold. Therefore 13% are positive. IDEX Corporation had 59 analyst reports since September 29, 2015 according to SRatingsIntel. As per Thursday, June 15, the company rating was maintained by Jefferies. The firm earned “Hold” rating on Friday, July 14 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of IEX in report on Wednesday, October 19 with “Hold” rating. Stifel Nicolaus maintained it with “Hold” rating and $10000 target in Tuesday, July 4 report. Stifel Nicolaus maintained the shares of IEX in report on Sunday, December 10 with “Hold” rating. The rating was maintained by Cowen & Co with “Hold” on Friday, October 6. The firm earned “Buy” rating on Wednesday, January 31 by Wells Fargo. Suntrust Robinson initiated the stock with “Neutral” rating in Tuesday, November 3 report. The rating was maintained by RBC Capital Markets on Wednesday, April 12 with “Hold”. The rating was maintained by SunTrust with “Hold” on Wednesday, January 31. See IDEX Corporation (NYSE:IEX) latest ratings:

01/05/2018 Broker: Robert W. Baird Old Rating: Outperform New Rating: Outperform Old Target: $160 New Target: $144 Maintain
01/05/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $143 New Target: $144 Maintain
16/04/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $145 New Target: $140 Maintain
11/04/2018 Broker: Cowen & Co Rating: Hold New Target: $125.0000 Maintain
12/04/2018 Broker: DA Davidson Rating: Neutral Initiates Coverage On
04/04/2018 Broker: Robert W. Baird Rating: Buy New Target: $160.0000 Maintain
01/02/2018 Broker: Seaport Global Rating: Hold New Target: $130.0 Maintain
31/01/2018 Broker: SunTrust Rating: Hold New Target: $145.0 Maintain
30/01/2018 Broker: RBC Capital Markets Rating: Hold New Target: $148.0 Maintain
31/01/2018 Broker: Wells Fargo Rating: Buy New Target: $165.0 Maintain

Joseph Pekala, the well informed man, who is the present SVP – Chief Information Officer of Acco Brands Corp sold almost 20,473 shares of the company worth around $276,713 U.S. Dollars based on an average price of 13.5 U.S. Dollars of a share. And, It’s sure Joseph’s deal isn’t going to stay unnoticed as he right now is holding 23,441 shares – ( 0.02% of Acco Brands Corp’s Market Cap ).

Among 4 analysts covering Acco Brands (NYSE:ACCO), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Acco Brands has $18 highest and $11 lowest target. $15’s average target is 13.64% above currents $13.2 stock price. Acco Brands had 6 analyst reports since April 29, 2016 according to SRatingsIntel. The stock of ACCO Brands Corporation (NYSE:ACCO) earned “Buy” rating by BWS Financial on Wednesday, January 25. Barrington maintained it with “Buy” rating and $16.0 target in Thursday, February 15 report. The stock of ACCO Brands Corporation (NYSE:ACCO) earned “Hold” rating by KeyBanc Capital Markets on Thursday, September 7. On Friday, April 29 the stock rating was maintained by Barrington Research with “Outperform”. The stock of ACCO Brands Corporation (NYSE:ACCO) has “Buy” rating given on Friday, April 7 by BWS Financial.

ACCO Brands Corporation designs, manufactures, sources, markets, and sells office products, academic supplies, and calendar products primarily in the United States, Canada, Northern Europe, Brazil, Australia, and Mexico. The company has market cap of $1.42 billion. It operates through three divisions: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International. It has a 10.51 P/E ratio. The firm offers office products, such as stapling, binding and laminating equipment, and related consumable supplies, as well as shredders and whiteboards; and academic products, including notebooks, folders, decorative calendars, and stationery products.

Analysts await ACCO Brands Corporation (NYSE:ACCO) to report earnings on August, 7. They expect $0.35 earnings per share, up 12.90% or $0.04 from last year’s $0.31 per share. ACCO’s profit will be $37.52M for 9.43 P/E if the $0.35 EPS becomes a reality. After $0.08 actual earnings per share reported by ACCO Brands Corporation for the previous quarter, Wall Street now forecasts 337.50% EPS growth.

The stock decreased 1.49% or $0.2 during the last trading session, reaching $13.2. About 412,216 shares traded. ACCO Brands Corporation (NYSE:ACCO) has risen 14.67% since June 13, 2017 and is uptrending. It has outperformed by 2.10% the S&P500. Some Historical ACCO News: ; 14/05/2018 – Report: Developing Opportunities within Crown, American Equity Investment Life Holding, Acco Brands, Synthetic Biologics, Unive; 03/04/2018 – ZoomEssence, Inc. Expands Culinary Innovation Naming Jeff Stopa Research Chef and Duncan Fader Vice President of Strategic Acco; 01/05/2018 – ACCO BRANDS SEES FY ADJ EPS $1.33 TO $1.37, EST. $1.35; 01/05/2018 – ACCO Brands Corporation Declares Quarterly Dividend; 01/05/2018 – ACCO BRANDS 1Q ADJ EPS 8C, EST. 7C; 01/05/2018 – ACCO Brands 1Q Adj EPS 8c; 29/03/2018 – ACCO BRANDS STARTS QTR DIV PROGRAMME, WITH DIV OF $0.06/SHR; 28/03/2018 – Acco Brands Presenting at Conference Tomorrow; 21/05/2018 – Acco Brands Closes Above 50-Day Moving Average: Technicals; 22/03/2018 – S&PGR Upgrades ACCO Brands To ‘BB’; Otlk Stable

Another recent and important ACCO Brands Corporation (NYSE:ACCO) news was published by Investorplace.com which published an article titled: “4 Value Stocks for Growth Investors to Enrich Portfolios” on June 12, 2018.

The stock decreased 0.73% or $1.05 during the last trading session, reaching $142.18. About 232,685 shares traded. IDEX Corporation (NYSE:IEX) has risen 29.12% since June 13, 2017 and is uptrending. It has outperformed by 16.55% the S&P500. Some Historical IEX News: ; 25/04/2018 – IDEX BOOSTS QTRLY DIV TO 43C/SHR FROM 37C, EST. 44C; 09/05/2018 – REG-IDEX ASA – First quarter 2018 results; 16/05/2018 – DEEP ECO: Idex May Face Pressure, U.S. Machinery Down in April; 26/04/2018 – IDEX Fire & Safety Unites Brands; 25/04/2018 – IDEX Corporation Increases Regular Quarterly Dividend Sixteen Percent; 16/03/2018 – DEEP ECO: Idex May Benefit, Industry Posts 15th Straight Gain; 22/03/2018 – S&PGR Affirms IDEX Corp. ‘BBB’ CCR; Outlook Stable; 25/04/2018 – IDEX CORP IEX.N SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.43/SHR; 09/05/2018 – REG-Mandatory notification of trades in IDEX; 07/05/2018 – Idex Presenting at Wells Fargo Industrials Conference Tomorrow

IDEX Corporation, through its subsidiaries, provides various pumps, flow meters, other fluidics systems and components, and engineered products worldwide. The company has market cap of $10.91 billion. The Company’s Fluid & Metering Technologies segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, other fluid-handling pump modules and systems, and specialty valve products, as well as offers flow monitoring and other services for food, chemical, general industrial, water and wastewater, agricultural, and energy industries. It has a 32.61 P/E ratio. The companyÂ’s Health & Science Technologies segment designs, produces, and distributes precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction, and drying systems for use in beverage, food processing, pharmaceutical, and cosmetics; pneumatic components and sealing solutions, such as pumping solutions for analytical instrumentation, clinical diagnostics, and drug discovery; biocompatible medical devices and implantables; and air compressors for medical, dental, and industrial applications.

Since May 11, 2018, it had 0 insider buys, and 6 sales for $5.77 million activity. The insider BUCKLEW JEFFREY D sold 3,500 shares worth $483,346. Shares for $3.39M were sold by ASHLEMAN ERIC D. SALLIOTTE DANIEL J sold 4,240 shares worth $598,501. 317 shares were sold by COOK WILLIAM M, worth $45,014 on Tuesday, May 22. Cade Denise R sold 7,416 shares worth $1.03M.

IDEX Corporation (NYSE:IEX) Institutional Positions Chart

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