Prudential Financial Inc. reduced its position in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 9.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,349 shares of the company’s stock after selling 31,970 shares during the period. Prudential Financial Inc. owned about 1.00% of Schweitzer-Mauduit International worth $11,736,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SWM. Royal Bank of Canada grew its position in shares of Schweitzer-Mauduit International by 21.3% during the 1st quarter. Royal Bank of Canada now owns 13,516 shares of the company’s stock worth $529,000 after buying an additional 2,370 shares in the last quarter. Principal Financial Group Inc. raised its position in Schweitzer-Mauduit International by 2.4% during the first quarter. Principal Financial Group Inc. now owns 245,359 shares of the company’s stock valued at $9,606,000 after acquiring an additional 5,817 shares in the last quarter. Amalgamated Bank purchased a new position in Schweitzer-Mauduit International during the second quarter valued at approximately $200,000. Wedge Capital Management L L P NC purchased a new position in Schweitzer-Mauduit International during the second quarter valued at approximately $209,000. Finally, New York State Teachers Retirement System grew its holdings in Schweitzer-Mauduit International by 3.4% in the second quarter. New York State Teachers Retirement System now owns 91,453 shares of the company’s stock valued at $3,998,000 after purchasing an additional 3,000 shares during the period. 89.15% of the stock is owned by hedge funds and other institutional investors.
SWM opened at $28.51 on Monday. The firm has a market cap of $877.18 million, a P/E ratio of 8.97, a P/E/G ratio of 4.39 and a beta of 1.49. Schweitzer-Mauduit International, Inc. has a 12 month low of $28.33 and a 12 month high of $48.06. The company has a quick ratio of 1.99, a current ratio of 3.09 and a debt-to-equity ratio of 1.12.
Schweitzer-Mauduit International (NYSE:SWM) last announced its earnings results on Wednesday, November 7th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.05). The firm had revenue of $260.30 million during the quarter, compared to analyst estimates of $266.80 million. Schweitzer-Mauduit International had a net margin of 5.83% and a return on equity of 17.95%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $1.00 earnings per share. As a group, research analysts forecast that Schweitzer-Mauduit International, Inc. will post 3.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, November 30th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.17%. This is an increase from Schweitzer-Mauduit International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, November 29th. Schweitzer-Mauduit International’s dividend payout ratio is 55.35%.
SWM has been the topic of a number of research analyst reports. Zacks Investment Research raised Schweitzer-Mauduit International from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Sidoti set a $54.00 price objective on Schweitzer-Mauduit International and gave the stock a “buy” rating in a research note on Tuesday, September 25th. Finally, TheStreet downgraded Schweitzer-Mauduit International from a “b” rating to a “c+” rating in a research report on Thursday, October 18th.
In related news, Director Kimberly E. Ritrievi bought 2,000 shares of the stock in a transaction on Monday, November 12th. The shares were purchased at an average price of $31.09 per share, for a total transaction of $62,180.00. Following the acquisition, the director now owns 2,000 shares in the company, valued at $62,180. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert J. Cardin sold 3,579 shares of the stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $31.11, for a total value of $111,342.69. Following the sale, the insider now owns 12,561 shares in the company, valued at approximately $390,772.71. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.
Schweitzer-Mauduit International Profile
Schweitzer-Mauduit International, Inc, together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers and Advanced Materials & Structures. The Engineered Papers segment produces and sells cigarette papers, reconstituted tobacco leaf, and wrapper and binder products to cigarette and cigar manufacturers; and other non-tobacco paper products.
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