State Board of Administration of Florida Retirement System lifted its stake in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 21.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,986 shares of the company’s stock after acquiring an additional 4,263 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.08% of Schweitzer-Mauduit International worth $994,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. First Midwest Bank Trust Division lifted its position 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 worth $416,000 after purchasing an additional 216 shares during the period. Principal Financial Group Inc. lifted its position in Schweitzer-Mauduit International by 3.4% in the second quarter. Principal Financial Group Inc. now owns 250,469 shares of the company’s stock worth $9,325,000 after purchasing an additional 8,221 shares during the period. Great West Life Assurance Co. Can lifted its position in Schweitzer-Mauduit International by 3.2% in the second quarter. Great West Life Assurance Co. Can now owns 44,528 shares of the company’s stock worth $1,657,000 after purchasing an additional 1,383 shares during the period. Schroder Investment Management Group lifted its position in Schweitzer-Mauduit International by 0.7% in the second quarter. Schroder Investment Management Group now owns 808,951 shares of the company’s stock worth $30,214,000 after purchasing an additional 5,700 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Schweitzer-Mauduit International in the second quarter worth $267,000. Institutional investors and hedge funds own 85.94% of the company’s stock.
TRADEMARK VIOLATION WARNING: This piece was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2017/11/19/schweitzer-mauduit-international-inc-swm-shares-bought-by-state-board-of-administration-of-florida-retirement-system.html.
Schweitzer-Mauduit International, Inc. (SWM) opened at $42.81 on Friday. The company has a market capitalization of $1,315.21, a price-to-earnings ratio of 12.82, a P/E/G ratio of 2.72 and a beta of 1.29. Schweitzer-Mauduit International, Inc. has a 12-month low of $36.26 and a 12-month high of $47.01. The company has a debt-to-equity ratio of 1.21, a current ratio of 3.06 and a quick ratio of 2.05.
Schweitzer-Mauduit International (NYSE:SWM) last issued its earnings results on Wednesday, November 1st. The company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.82 by $0.18. The firm had revenue of $257.80 million during the quarter, compared to analysts’ expectations of $238.00 million. Schweitzer-Mauduit International had a return on equity of 19.10% and a net margin of 8.33%. Schweitzer-Mauduit International’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period last year, the business earned $0.74 earnings per share. analysts predict that Schweitzer-Mauduit International, Inc. will post 3.15 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be given a $0.43 dividend. This is a boost from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 4.02%. The ex-dividend date is Thursday, November 30th. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is 65.63%.
Separately, DA Davidson initiated coverage on Schweitzer-Mauduit International in a research report on Tuesday, September 26th. They issued a “buy” rating and a $47.00 target price 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.
Receive News & Ratings for Schweitzer-Mauduit International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schweitzer-Mauduit International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.