Schweitzer-Mauduit International, Inc. (SWM) Position Cut by Bank of New York Mellon Corp
Bank of New York Mellon Corp cut its stake in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 4.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 654,490 shares of the company’s stock after selling 29,509 shares during the period. Bank of New York Mellon Corp owned 2.13% of Schweitzer-Mauduit International worth $27,135,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC lifted its position in 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 acquiring an additional 184 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Schweitzer-Mauduit International during the second quarter worth approximately $247,000. Cubist Systematic Strategies LLC acquired a new stake in Schweitzer-Mauduit International during the second quarter worth approximately $267,000. Sei Investments Co. lifted its position in 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 acquiring an additional 3,812 shares during the last quarter. Finally, Quantbot Technologies LP lifted its position in 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 acquiring an additional 3,203 shares during the last quarter. Hedge funds and other institutional investors own 85.61% of the company’s stock.
Schweitzer-Mauduit International, Inc. (NYSE:SWM) traded down $0.05 during midday trading on Wednesday, hitting $44.32. 183,200 shares of the stock were exchanged, compared to its average volume of 142,017. The company has a current ratio of 3.06, a quick ratio of 2.05 and a debt-to-equity ratio of 1.21. Schweitzer-Mauduit International, Inc. has a 52 week low of $36.26 and a 52 week high of $47.01. The firm has a market capitalization of $1,363.12, a P/E ratio of 13.28, a price-to-earnings-growth ratio of 2.82 and a beta of 1.32.
Schweitzer-Mauduit International (NYSE:SWM) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. Schweitzer-Mauduit International had a net margin of 8.33% and a return on equity of 19.10%. The company had revenue of $257.80 million during the quarter, compared to the consensus estimate of $238.00 million. During the same period in the previous year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. research analysts predict that Schweitzer-Mauduit International, Inc. will post 3.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.88%. This is an increase from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, November 30th. Schweitzer-Mauduit International’s payout ratio is presently 67.19%.
SWM has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Schweitzer-Mauduit International from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Tuesday, November 28th. DA Davidson initiated coverage on shares of Schweitzer-Mauduit International in a research report on Tuesday, September 26th. They issued a “buy” rating and a $47.00 price target for the company.
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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