Deprince Race & Zollo Inc. purchased a new position in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 185,953 shares of the company’s stock, valued at approximately $6,170,000. Deprince Race & Zollo Inc. owned about 0.60% of Schweitzer-Mauduit International as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Schweitzer-Mauduit International by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,654,377 shares of the company’s stock worth $41,443,000 after purchasing an additional 139,487 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Schweitzer-Mauduit International by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,270,545 shares of the company’s stock worth $42,156,000 after purchasing an additional 16,994 shares during the period. Russell Investments Group Ltd. boosted its stake in Schweitzer-Mauduit International by 107.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,115,868 shares of the company’s stock worth $37,017,000 after purchasing an additional 577,265 shares during the period. JPMorgan Chase & Co. boosted its stake in Schweitzer-Mauduit International by 2.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 903,735 shares of the company’s stock worth $29,009,000 after purchasing an additional 21,272 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Schweitzer-Mauduit International by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 773,181 shares of the company’s stock worth $25,653,000 after purchasing an additional 29,965 shares during the period. Institutional investors and hedge funds own 92.28% of the company’s stock.
SWM has been the subject of a number of research analyst reports. DA Davidson reaffirmed a “buy” rating on shares of Schweitzer-Mauduit International in a research note on Friday, August 9th. Zacks Investment Research raised shares of Schweitzer-Mauduit International from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Wednesday, August 14th.
Shares of SWM opened at $36.32 on Thursday. Schweitzer-Mauduit International, Inc. has a 52-week low of $24.35 and a 52-week high of $42.32. The company has a market capitalization of $1.08 billion, a PE ratio of 10.44 and a beta of 1.57. The stock has a fifty day simple moving average of $33.97 and a two-hundred day simple moving average of $34.64. The company has a quick ratio of 2.02, a current ratio of 3.11 and a debt-to-equity ratio of 1.06.
Schweitzer-Mauduit International (NYSE:SWM) last released its quarterly earnings results on Wednesday, August 7th. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $0.94 by $0.12. The company had revenue of $269.90 million for the quarter, compared to analyst estimates of $275.95 million. Schweitzer-Mauduit International had a return on equity of 18.66% and a net margin of 8.30%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. As a group, equities analysts anticipate that Schweitzer-Mauduit International, Inc. will post 3.46 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 23rd will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.85%. The ex-dividend date is Thursday, August 22nd. Schweitzer-Mauduit International’s payout ratio is currently 50.57%.
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.
Further Reading: What are the disadvantages of after-hours trading?
Receive News & Ratings for Schweitzer-Mauduit International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schweitzer-Mauduit International and related companies with MarketBeat.com's FREE daily email newsletter.