Allianz Asset Management GmbH trimmed its position in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 485,365 shares of the company’s stock after selling 38,226 shares during the period. Allianz Asset Management GmbH owned 1.58% of Schweitzer-Mauduit International worth $18,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SWM. Segall Bryant & Hamill LLC acquired a new position in shares of Schweitzer-Mauduit International in the 2nd quarter valued at $13,571,000. BlackRock Inc. increased its position in shares of Schweitzer-Mauduit International by 3.8% in the 2nd quarter. BlackRock Inc. now owns 4,291,606 shares of the company’s stock valued at $187,629,000 after acquiring an additional 158,577 shares during the period. Wells Fargo & Company MN increased its position in shares of Schweitzer-Mauduit International by 9.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,165,747 shares of the company’s stock valued at $50,966,000 after acquiring an additional 100,246 shares during the period. Northern Trust Corp increased its position in shares of Schweitzer-Mauduit International by 17.9% in the 2nd quarter. Northern Trust Corp now owns 548,616 shares of the company’s stock valued at $23,985,000 after acquiring an additional 83,452 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Schweitzer-Mauduit International in the 3rd quarter valued at $2,291,000. 89.15% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SWM opened at $27.26 on Friday. The stock has a market cap of $840.57 million, a price-to-earnings ratio of 8.57, a P/E/G ratio of 4.20 and a beta of 1.49. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.99 and a current ratio of 3.09. Schweitzer-Mauduit International, Inc. has a fifty-two week low of $26.79 and a fifty-two week high of $48.06.
Schweitzer-Mauduit International (NYSE:SWM) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.05). The company had revenue of $260.30 million for the quarter, compared to analyst estimates of $266.80 million. Schweitzer-Mauduit International had a return on equity of 17.95% and a net margin of 5.83%. Schweitzer-Mauduit International’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 earnings per share. On average, analysts expect that Schweitzer-Mauduit International, Inc. will post 3.25 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, November 30th will be given a dividend of $0.44 per share. This is an increase from Schweitzer-Mauduit International’s previous quarterly dividend of $0.43. This represents a $1.76 annualized dividend and a yield of 6.46%. The ex-dividend date is Thursday, November 29th. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is currently 55.35%.
In related news, Director Kimberly E. Ritrievi purchased 2,000 shares of the business’s stock in a transaction on Monday, November 12th. The shares were bought at an average cost of $31.09 per share, with a total value of $62,180.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $62,180. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert J. Cardin sold 3,579 shares of the stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $31.11, for a total value of $111,342.69. Following the sale, the insider now directly owns 12,561 shares in the company, valued at $390,772.71. The disclosure for this sale can be found here. 1.84% of the stock is currently owned by company insiders.
Several equities analysts recently issued reports on the company. Sidoti set a $56.00 target price on Schweitzer-Mauduit International and gave the company a “buy” rating in a research report on Friday, September 14th. Zacks Investment Research raised Schweitzer-Mauduit International from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, TheStreet downgraded Schweitzer-Mauduit International from a “b” rating to a “c+” rating in a research report on Thursday, October 18th.
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Schweitzer-Mauduit International Company 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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