State Board of Administration of Florida Retirement System raised its position in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 21.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,986 shares of the company’s stock after buying 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 quarter.
A number of other large investors have also recently bought and sold shares of SWM. Municipal Employees Retirement System of Michigan increased its stake in shares of Schweitzer-Mauduit International by 1.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 9,210 shares of the company’s stock valued at $343,000 after purchasing an additional 130 shares during the period. SG Americas Securities LLC boosted its stake in Schweitzer-Mauduit International by 7.0% in the 2nd quarter. SG Americas Securities LLC now owns 2,829 shares of the company’s stock worth $105,000 after purchasing an additional 184 shares during the period. Texas Permanent School Fund boosted its stake in Schweitzer-Mauduit International by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 22,420 shares of the company’s stock worth $835,000 after purchasing an additional 185 shares during the period. Rhumbline Advisers boosted its stake in Schweitzer-Mauduit International by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 62,616 shares of the company’s stock worth $2,331,000 after purchasing an additional 204 shares during the period. Finally, First Midwest Bank Trust Division boosted its stake in shares of Schweitzer-Mauduit International by 2.0% during the 2nd quarter. First Midwest Bank Trust Division now owns 11,180 shares of the company’s stock valued at $416,000 after buying an additional 216 shares during the period. 85.61% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on SWM shares. DA Davidson started coverage on shares of Schweitzer-Mauduit International in a report on Tuesday, September 26th. They set a “buy” rating and a $47.00 price target on the stock. Zacks Investment Research upgraded shares of Schweitzer-Mauduit International from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Tuesday, November 28th.
Shares of Schweitzer-Mauduit International, Inc. (NYSE SWM) traded up $0.82 during midday trading on Monday, hitting $45.98. 202,438 shares of the company’s stock were exchanged, compared to its average volume of 140,590. Schweitzer-Mauduit International, Inc. has a one year low of $36.26 and a one year high of $47.01. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.05 and a current ratio of 3.06. The company has a market capitalization of $1,387.39, a P/E ratio of 13.52, a PEG ratio of 2.87 and a beta of 1.32.
Schweitzer-Mauduit International (NYSE:SWM) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.18. Schweitzer-Mauduit International had a net margin of 8.33% and a return on equity of 19.10%. The company had revenue of $257.80 million during the quarter, compared to analysts’ expectations of $238.00 million. During the same quarter in the prior year, the company earned $0.74 earnings per share. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. research analysts expect that Schweitzer-Mauduit International, Inc. will post 3.15 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be given a $0.43 dividend. The ex-dividend date is Thursday, November 30th. This is a positive change from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a dividend yield of 3.74%. Schweitzer-Mauduit International’s dividend payout ratio is presently 67.19%.
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About Schweitzer-Mauduit International
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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