Ameriprise Financial Inc. Grows Stake in Schweitzer-Mauduit International, Inc. (NYSE:SWM)

Ameriprise Financial Inc. grew its position in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 5.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,353 shares of the company’s stock after purchasing an additional 9,319 shares during the quarter. Ameriprise Financial Inc. owned about 0.58% of Schweitzer-Mauduit International worth $6,678,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan lifted its stake in 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 worth $343,000 after purchasing an additional 130 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Schweitzer-Mauduit International by 7.0% during the second quarter. SG Americas Securities LLC now owns 2,829 shares of the company’s stock worth $105,000 after buying an additional 184 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of Schweitzer-Mauduit International by 0.8% during the second quarter. Texas Permanent School Fund now owns 22,420 shares of the company’s stock worth $835,000 after buying an additional 185 shares in the last quarter. Rhumbline Advisers increased its holdings in Schweitzer-Mauduit International by 0.3% in the second quarter. Rhumbline Advisers now owns 62,616 shares of the company’s stock valued at $2,331,000 after purchasing an additional 204 shares during the period. Finally, First Midwest Bank Trust Division increased its holdings in Schweitzer-Mauduit International by 2.0% in the second quarter. First Midwest Bank Trust Division now owns 11,180 shares of the company’s stock valued at $416,000 after purchasing an additional 216 shares during the period. Institutional investors and hedge funds own 85.81% of the company’s stock.

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Schweitzer-Mauduit International, Inc. (SWM) opened at 42.31 on Friday. Schweitzer-Mauduit International, Inc. has a 52-week low of $35.31 and a 52-week high of $47.01. The company has a market cap of $1.30 billion, a PE ratio of 18.16 and a beta of 1.23. The stock’s 50 day moving average is $40.56 and its 200-day moving average is $39.26.

Schweitzer-Mauduit International (NYSE:SWM) last posted its earnings results on Wednesday, August 2nd. The company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $255.30 million during the quarter, compared to analysts’ expectations of $243.50 million. During the same period in the previous year, the business posted $0.93 EPS. The business’s revenue was up 17.5% compared to the same quarter last year. Equities research analysts predict that Schweitzer-Mauduit International, Inc. will post $3.15 EPS for the current fiscal year.

In related news, Director Jeffrey Keenan purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was bought at an average price of $38.64 per share, with a total value of $386,400.00. Following the acquisition, the director now owns 25,000 shares in the company, valued at $966,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.84% of the stock is currently owned by insiders.

Separately, DA Davidson began coverage on Schweitzer-Mauduit International in a report on Tuesday, September 26th. They issued a “buy” rating and a $47.00 price objective for the company.

Schweitzer-Mauduit International 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.

Institutional Ownership by Quarter for Schweitzer-Mauduit International (NYSE:SWM)

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