Bank of New York Mellon Corp Has $1.05 Million Stake in Acme United Co. (NYSE:ACU)

Bank of New York Mellon Corp grew its position in Acme United Co. (NYSE:ACU) by 59.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,165 shares of the company’s stock after buying an additional 10,531 shares during the quarter. Bank of New York Mellon Corp’s holdings in Acme United were worth $1,051,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ACU. HighTower Advisors LLC raised its position in Acme United by 13.5% during the third quarter. HighTower Advisors LLC now owns 8,832 shares of the company’s stock valued at $364,000 after purchasing an additional 1,048 shares in the last quarter. Barclays PLC bought a new position in shares of Acme United in the 3rd quarter valued at $163,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Acme United during the 3rd quarter worth $196,000. Institutional investors own 62.10% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Acme United from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th.

Acme United Price Performance

ACU stock opened at $40.12 on Tuesday. The stock has a market cap of $150.61 million, a price-to-earnings ratio of 8.20 and a beta of 0.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.41 and a quick ratio of 1.91. The company has a 50 day simple moving average of $37.62 and a 200 day simple moving average of $39.89. Acme United Co. has a 1 year low of $32.85 and a 1 year high of $50.00.

Acme United Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, March 26th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Wednesday, March 26th. Acme United’s payout ratio is 24.69%.

About Acme United

Acme United Corporation supplies cutting, measuring, first aid, and sharpening products to the school, home, office, hardware, sporting goods, and industrial markets in the United States, Canada, Europe, and internationally. The company offers scissors, shears, knives, rulers, pencil sharpeners, paper trimmers, safety cutters, lettering products, glue guns, and other craft products under the Westcott brand name; and cutting tools under the Clauss brand.