Rhumbline Advisers grew its stake in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,264 shares of the company’s stock after purchasing an additional 1,228 shares during the period. Rhumbline Advisers owned approximately 0.21% of Schweitzer-Mauduit International worth $2,960,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Arizona State Retirement System boosted its position in shares of Schweitzer-Mauduit International by 224.8% in the 4th quarter. Arizona State Retirement System now owns 51,636 shares of the company’s stock worth $2,342,000 after buying an additional 35,736 shares in the last quarter. Pinebridge Investments L.P. boosted its position in shares of Schweitzer-Mauduit International by 35.3% in the 4th quarter. Pinebridge Investments L.P. now owns 54,495 shares of the company’s stock worth $2,472,000 after buying an additional 14,219 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Schweitzer-Mauduit International by 222.8% in the 4th quarter. Advisory Services Network LLC now owns 11,021 shares of the company’s stock worth $500,000 after buying an additional 7,607 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Schweitzer-Mauduit International by 1.8% in the 4th quarter. Wells Fargo & Company MN now owns 996,909 shares of the company’s stock worth $45,220,000 after buying an additional 17,783 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in shares of Schweitzer-Mauduit International in the 4th quarter worth about $494,000. Institutional investors own 86.79% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Schweitzer-Mauduit International from a “buy” rating to a “hold” rating in a research report on Friday, January 5th.
NYSE:SWM traded down $0.19 on Friday, reaching $39.17. The stock had a trading volume of 125,873 shares, compared to its average volume of 183,162. The firm has a market cap of $1,205.30, a price-to-earnings ratio of 12.32, a price-to-earnings-growth ratio of 2.32 and a beta of 1.31. The company has a current ratio of 2.94, a quick ratio of 1.89 and a debt-to-equity ratio of 1.24. Schweitzer-Mauduit International, Inc. has a 12-month low of $36.26 and a 12-month high of $48.06.
Schweitzer-Mauduit International (NYSE:SWM) last released its earnings results on Wednesday, February 21st. The company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. The company had revenue of $235.70 million for the quarter, compared to analyst estimates of $224.80 million. Schweitzer-Mauduit International had a net margin of 3.50% and a return on equity of 17.91%. The firm’s quarterly revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. equities research analysts forecast that Schweitzer-Mauduit International, Inc. will post 3.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 4.39%. This is a positive change from Schweitzer-Mauduit International’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, March 1st. Schweitzer-Mauduit International’s dividend payout ratio is 54.09%.
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About Schweitzer-Mauduit International
Schweitzer-Mauduit International, Inc, together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers and Advanced Materials & Structures. The Engineered Papers segment produces and sells cigarette papers, reconstituted tobacco leaf, and wrapper and binder products to cigarette and cigar manufacturers; and other non-tobacco paper products.
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