Barclays PLC increased its stake in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 49.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,666 shares of the company’s stock after purchasing an additional 7,204 shares during the period. Barclays PLC owned 0.07% of Schweitzer-Mauduit International worth $848,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in SWM. Renaissance Technologies LLC raised its position in Schweitzer-Mauduit International by 5.5% during the 4th quarter. Renaissance Technologies LLC now owns 633,200 shares of the company’s stock worth $28,722,000 after buying an additional 32,900 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Schweitzer-Mauduit International by 3.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 288,376 shares of the company’s stock worth $13,081,000 after buying an additional 10,421 shares during the last quarter. Millennium Management LLC raised its position in Schweitzer-Mauduit International by 5.2% during the 4th quarter. Millennium Management LLC now owns 208,792 shares of the company’s stock worth $9,471,000 after buying an additional 10,319 shares during the last quarter. Deutsche Bank AG raised its position in Schweitzer-Mauduit International by 3.6% during the 4th quarter. Deutsche Bank AG now owns 144,679 shares of the company’s stock worth $6,561,000 after buying an additional 5,059 shares during the last quarter. Finally, Financial Gravity Companies Inc. purchased a new position in Schweitzer-Mauduit International during the 4th quarter worth approximately $192,000. Institutional investors own 87.68% of the company’s stock.
Schweitzer-Mauduit International opened at $43.90 on Wednesday, according to MarketBeat.com. Schweitzer-Mauduit International, Inc. has a 12-month low of $36.26 and a 12-month high of $48.06. The company has a quick ratio of 2.03, a current ratio of 3.13 and a debt-to-equity ratio of 1.19. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 2.56 and a beta of 1.29.
Schweitzer-Mauduit International (NYSE:SWM) last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.09. Schweitzer-Mauduit International had a net margin of 4.08% and a return on equity of 18.54%. The company had revenue of $261.90 million during the quarter, compared to analyst estimates of $236.30 million. During the same period last year, the firm posted $0.66 EPS. Schweitzer-Mauduit International’s revenue for the quarter was up 12.3% compared to the same quarter last year. analysts expect that Schweitzer-Mauduit International, Inc. will post 3.39 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 22nd. Stockholders of record on Friday, May 25th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend was Thursday, May 24th. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is 54.09%.
Separately, Zacks Investment Research raised shares of Schweitzer-Mauduit International from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Thursday, April 5th.
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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