Schwab Charles Investment Management Inc. raised its holdings in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 277,955 shares of the company’s stock after purchasing an additional 16,890 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.90% of Schweitzer-Mauduit International worth $11,525,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Schweitzer-Mauduit International by 0.3% during the second quarter. BlackRock Inc. now owns 3,743,346 shares of the company’s stock valued at $139,365,000 after purchasing an additional 11,898 shares during the last quarter. Vanguard Group Inc. lifted its position in Schweitzer-Mauduit International by 1.5% during the second quarter. Vanguard Group Inc. now owns 2,928,148 shares of the company’s stock valued at $109,016,000 after purchasing an additional 43,065 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Schweitzer-Mauduit International by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,334,057 shares of the company’s stock valued at $49,667,000 after purchasing an additional 25,906 shares during the last quarter. Wells Fargo & Company MN lifted its position in Schweitzer-Mauduit International by 2.9% during the third quarter. Wells Fargo & Company MN now owns 979,126 shares of the company’s stock valued at $40,595,000 after purchasing an additional 27,478 shares during the last quarter. Finally, Boston Partners lifted its position in Schweitzer-Mauduit International by 35.7% during the third quarter. Boston Partners now owns 919,357 shares of the company’s stock valued at $38,116,000 after purchasing an additional 241,771 shares during the last quarter. Institutional investors and hedge funds own 85.59% of the company’s stock.
SWM has been the subject of several research reports. Zacks Investment Research upgraded shares of Schweitzer-Mauduit International from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Tuesday, November 28th. DA Davidson assumed coverage on shares of Schweitzer-Mauduit International in a research report on Tuesday, September 26th. They set a “buy” rating and a $47.00 price objective for the company.
Shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) opened at $47.86 on Friday. The stock has a market cap of $1,440.00, a PE ratio of 18.62, a PEG ratio of 2.71 and a beta of 1.32. The company has a quick ratio of 2.05, a current ratio of 3.06 and a debt-to-equity ratio of 1.21. Schweitzer-Mauduit International, Inc. has a twelve month low of $36.26 and a twelve month high of $47.92.
Schweitzer-Mauduit International (NYSE:SWM) last released its earnings results on Wednesday, November 1st. The company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.18. The firm had revenue of $257.80 million during the quarter, compared to analyst estimates of $238.00 million. Schweitzer-Mauduit International had a net margin of 8.33% and a return on equity of 19.10%. The business’s revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the business earned $0.74 EPS. research analysts expect that Schweitzer-Mauduit International, Inc. will post 3.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 1st were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend was Thursday, November 30th. This is a positive change from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is 66.93%.
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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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