Neenah Paper, Inc. (NYSE:NP) insider John P. O’donnell sold 3,914 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $89.66, for a total transaction of $350,929.24. Following the completion of the transaction, the insider now directly owns 80,880 shares of the company’s stock, valued at $7,251,700.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Neenah Paper, Inc. (NYSE:NP) traded up $0.15 during midday trading on Wednesday, reaching $90.15. 93,000 shares of the company were exchanged, compared to its average volume of 79,067. The firm has a market cap of $1,513.66, a price-to-earnings ratio of 20.59, a PEG ratio of 4.30 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.44 and a current ratio of 2.52. Neenah Paper, Inc. has a 12-month low of $72.35 and a 12-month high of $90.65.

Neenah Paper (NYSE:NP) last posted its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.01. Neenah Paper had a net margin of 8.13% and a return on equity of 20.48%. The company had revenue of $245.10 million during the quarter, compared to the consensus estimate of $240.60 million. During the same period in the prior year, the business posted $0.99 EPS. The company’s quarterly revenue was up 5.2% on a year-over-year basis. analysts expect that Neenah Paper, Inc. will post 4.19 earnings per share for the current fiscal year.

Neenah Paper declared that its board has approved a share buyback program on Wednesday, November 29th that allows the company to buyback $25.00 million in shares. This buyback authorization allows the basic materials company to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Friday, November 17th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.64%. Neenah Paper’s dividend payout ratio is 32.60%.

A number of equities analysts recently weighed in on NP shares. DA Davidson reaffirmed a “neutral” rating on shares of Neenah Paper in a research note on Thursday, November 9th. BidaskClub lowered shares of Neenah Paper from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of Neenah Paper from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th.

Institutional investors have recently bought and sold shares of the company. Macquarie Group Ltd. boosted its stake in shares of Neenah Paper by 33.8% during the 2nd quarter. Macquarie Group Ltd. now owns 585,928 shares of the basic materials company’s stock worth $47,021,000 after buying an additional 147,915 shares during the last quarter. HGK Asset Management Inc. acquired a new position in shares of Neenah Paper during the 2nd quarter worth about $585,000. Ameriprise Financial Inc. raised its holdings in shares of Neenah Paper by 6.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 376,898 shares of the basic materials company’s stock valued at $30,246,000 after purchasing an additional 23,087 shares during the period. Aberdeen Asset Management PLC UK bought a new stake in shares of Neenah Paper in the 2nd quarter valued at about $36,785,000. Finally, Copeland Capital Management LLC raised its holdings in shares of Neenah Paper by 1.7% in the 3rd quarter. Copeland Capital Management LLC now owns 188,876 shares of the basic materials company’s stock valued at $16,158,000 after purchasing an additional 3,172 shares during the period. Institutional investors own 92.89% of the company’s stock.

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About Neenah Paper

Neenah Paper, Inc is a producer of technical products and premium fine papers and packaging. The Company has two primary businesses: technical products business, and fine paper and packaging business. Its segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of transportation, water and other filter media and durable, saturated and coated substrates.

Insider Buying and Selling by Quarter for Neenah Paper (NYSE:NP)

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