Parametric Portfolio Associates LLC Buys 1,905 Shares of Schweitzer-Mauduit International, Inc. (SWM)
Parametric Portfolio Associates LLC grew its stake in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,727 shares of the company’s stock after purchasing an additional 1,905 shares during the quarter. Parametric Portfolio Associates LLC owned 0.26% of Schweitzer-Mauduit International worth $2,968,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in shares of Schweitzer-Mauduit International by 7.0% during the second quarter. SG Americas Securities LLC now owns 2,829 shares of the company’s stock worth $105,000 after purchasing an additional 184 shares in the last quarter. Sei Investments Co. lifted its stake in shares of Schweitzer-Mauduit International by 110.3% during the second quarter. Sei Investments Co. now owns 7,269 shares of the company’s stock worth $271,000 after purchasing an additional 3,812 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of Schweitzer-Mauduit International by 61.6% during the second quarter. Quantbot Technologies LP now owns 8,400 shares of the company’s stock worth $312,000 after purchasing an additional 3,203 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in shares of Schweitzer-Mauduit International by 1.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 9,210 shares of the company’s stock worth $343,000 after purchasing an additional 130 shares in the last quarter. Finally, Naples Global Advisors LLC acquired a new position in shares of Schweitzer-Mauduit International during the second quarter worth about $354,000. Institutional investors own 85.78% of the company’s stock.
In related news, Director Jeffrey Keenan acquired 10,000 shares of Schweitzer-Mauduit International stock in a transaction on Tuesday, August 8th. The shares were bought at an average price of $38.64 per share, for a total transaction of $386,400.00. Following the completion of the purchase, the director now directly owns 25,000 shares in the company, valued at approximately $966,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.84% of the company’s stock.
Separately, DA Davidson began coverage on Schweitzer-Mauduit International in a research note on Tuesday, September 26th. They set a “buy” rating and a $47.00 price objective on the stock.
Schweitzer-Mauduit International, Inc. (SWM) opened at $44.10 on Friday. The company has a quick ratio of 2.06, a current ratio of 3.06 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $1,402.75, a P/E ratio of 13.67, a PEG ratio of 2.90 and a beta of 1.29.
Schweitzer-Mauduit International (NYSE:SWM) last issued its quarterly earnings data on Wednesday, November 1st. The company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.18. The company had revenue of $257.80 million for the quarter, compared to analysts’ expectations of $238.00 million. Schweitzer-Mauduit International had a return on equity of 19.10% and a net margin of 8.33%. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. research analysts forecast that Schweitzer-Mauduit International, Inc. will post 3.15 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, November 30th. This is a boost from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. Schweitzer-Mauduit International’s payout ratio is currently 65.63%.
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Schweitzer-Mauduit International Profile
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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