Metropolitan Life Insurance Co. NY trimmed its position in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 54.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 9,662 shares of the company’s stock after selling 11,487 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Schweitzer-Mauduit International were worth $438,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Vident Investment Advisory LLC bought a new stake in Schweitzer-Mauduit International in the 4th quarter worth about $225,000. Millennium Management LLC grew its position in Schweitzer-Mauduit International by 5.2% in the 4th quarter. Millennium Management LLC now owns 208,792 shares of the company’s stock worth $9,471,000 after purchasing an additional 10,319 shares in the last quarter. G&S Capital LLC bought a new stake in Schweitzer-Mauduit International in the 4th quarter worth about $109,000. Goldman Sachs Group Inc. grew its position in Schweitzer-Mauduit International by 50.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 133,905 shares of the company’s stock worth $6,073,000 after purchasing an additional 44,661 shares in the last quarter. Finally, Stone Ridge Asset Management LLC bought a new stake in Schweitzer-Mauduit International in the 4th quarter worth about $212,000. 86.79% of the stock is owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised shares of Schweitzer-Mauduit International from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Thursday, April 5th.
Schweitzer-Mauduit International stock opened at $40.66 on Friday. Schweitzer-Mauduit International, Inc. has a twelve month low of $36.26 and a twelve month high of $48.06. The company has a market cap of $1,240.70, a PE ratio of 12.79, a P/E/G ratio of 2.39 and a beta of 1.31. The company has a quick ratio of 1.89, a current ratio of 2.94 and a debt-to-equity ratio of 1.24.
Schweitzer-Mauduit International (NYSE:SWM) last released its earnings results on Wednesday, February 21st. The company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.03. Schweitzer-Mauduit International had a net margin of 3.50% and a return on equity of 17.91%. The firm had revenue of $235.70 million during the quarter, compared to the consensus estimate of $224.80 million. During the same period in the prior year, the firm earned $0.80 EPS. The company’s revenue was up 18.6% compared to the same quarter last year. equities analysts expect that Schweitzer-Mauduit International, Inc. will post 3.38 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd were given a dividend of $0.43 per share. This is an increase from Schweitzer-Mauduit International’s previous quarterly dividend of $0.38. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Thursday, March 1st. Schweitzer-Mauduit International’s dividend payout ratio is currently 54.09%.
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Schweitzer-Mauduit International Company Profile
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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