Public Sector Pension investment Board trimmed its position in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 27.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,861 shares of the company’s stock after selling 5,900 shares during the period. Public Sector Pension investment Board owned about 0.05% of Schweitzer-Mauduit International worth $591,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of SWM. First Midwest Bank Trust Division raised its stake in shares of Schweitzer-Mauduit International by 2.0% during the second quarter. First Midwest Bank Trust Division now owns 11,180 shares of the company’s stock valued at $416,000 after acquiring an additional 216 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Schweitzer-Mauduit International by 272.8% during the second quarter. Russell Investments Group Ltd. now owns 31,901 shares of the company’s stock valued at $1,188,000 after acquiring an additional 23,344 shares during the last quarter. Naples Global Advisors LLC bought a new position in shares of Schweitzer-Mauduit International during the second quarter valued at about $354,000. Municipal Employees Retirement System of Michigan raised its stake in shares of Schweitzer-Mauduit International by 1.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,210 shares of the company’s stock valued at $343,000 after acquiring an additional 130 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Schweitzer-Mauduit International by 3.2% during the second quarter. Great West Life Assurance Co. Can now owns 44,528 shares of the company’s stock valued at $1,657,000 after acquiring an additional 1,383 shares during the last quarter. 85.80% of the stock is owned by hedge funds and other institutional investors.
Separately, DA Davidson initiated coverage on shares of Schweitzer-Mauduit International in a research note on Tuesday, September 26th. They issued a “buy” rating and a $47.00 price target for the company.
Schweitzer-Mauduit International, Inc. (NYSE SWM) opened at 41.52 on Wednesday. The company has a 50-day moving average of $39.78 and a 200-day moving average of $39.22. Schweitzer-Mauduit International, Inc. has a 1-year low of $35.31 and a 1-year high of $47.01. The company has a market capitalization of $1.27 billion, a P/E ratio of 17.82 and a beta of 1.23.
Schweitzer-Mauduit International (NYSE:SWM) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. Schweitzer-Mauduit International had a net margin of 8.00% and a return on equity of 18.00%. The company had revenue of $255.30 million during the quarter, compared to analyst estimates of $243.50 million. During the same quarter last year, the business posted $0.93 EPS. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities analysts expect that Schweitzer-Mauduit International, Inc. will post $3.15 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, August 25th were issued a dividend of $0.42 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $1.68 dividend on an annualized basis and a yield of 4.05%. Schweitzer-Mauduit International’s payout ratio is 72.10%.
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In related news, Director Jeffrey Keenan acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average price of $38.64 per share, for a total transaction of $386,400.00. Following the acquisition, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $966,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.84% of the company’s stock.
Schweitzer-Mauduit International Company Profile
Schweitzer-Mauduit International, Inc (SWM) is a diversified producer of engineered solutions and materials for a variety of industries. The Company has two operating product line segments: Engineered Papers, and Advanced Materials and Structures. As of December 31, 2016, the Company conducted business in over 90 countries and operate 18 production locations across the world, with facilities in the United States, Canada, the United Kingdom, France, Luxembourg, Russia, Brazil, China and Poland.
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