The Manufacturers Life Insurance Company lifted its position in Neenah Paper, Inc. (NYSE:NP) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,092 shares of the basic materials company’s stock after purchasing an additional 148 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of Neenah Paper worth $1,051,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Riverhead Capital Management LLC grew its position in Neenah Paper by 83.1% in the second quarter. Riverhead Capital Management LLC now owns 1,465 shares of the basic materials company’s stock valued at $117,000 after acquiring an additional 665 shares during the period. Bruderman Asset Management LLC bought a new stake in Neenah Paper in the second quarter valued at $127,000. Pinebridge Investments L.P. grew its position in Neenah Paper by 0.8% in the second quarter. Pinebridge Investments L.P. now owns 2,211 shares of the basic materials company’s stock valued at $178,000 after acquiring an additional 18 shares during the period. Everence Capital Management Inc. bought a new stake in Neenah Paper in the second quarter valued at $201,000. Finally, Beck Mack & Oliver LLC bought a new stake in Neenah Paper in the second quarter valued at $213,000. Institutional investors and hedge funds own 89.59% of the company’s stock.

Shares of Neenah Paper, Inc. (NYSE NP) opened at $84.55 on Monday. Neenah Paper, Inc. has a 1 year low of $72.35 and a 1 year high of $90.23. The firm has a market capitalization of $1,421.99, a price-to-earnings ratio of 19.35, a price-to-earnings-growth ratio of 4.05 and a beta of 1.26. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.52 and a quick ratio of 1.44.

Neenah Paper (NYSE:NP) last announced its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.01. The firm had revenue of $245.10 million for the quarter, compared to analysts’ expectations of $240.60 million. Neenah Paper had a return on equity of 20.48% and a net margin of 8.13%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. equities research analysts anticipate that Neenah Paper, Inc. will post 4.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Thursday, November 16th. Neenah Paper’s payout ratio is presently 32.60%.

In other news, SVP Matthew L. Duncan sold 1,107 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $79.00, for a total transaction of $87,453.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Julie Schertell sold 2,000 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $76.71, for a total value of $153,420.00. Following the sale, the senior vice president now owns 3,789 shares in the company, valued at approximately $290,654.19. The disclosure for this sale can be found here. Insiders have sold 6,162 shares of company stock worth $499,615 in the last 90 days. Company insiders own 2.00% of the company’s stock.

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A number of analysts have weighed in on the company. DA Davidson reiterated a “neutral” rating on shares of Neenah Paper in a research report on Thursday. BidaskClub upgraded Neenah Paper from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Zacks Investment Research cut Neenah Paper from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th.

Neenah Paper Profile

Neenah Paper, Inc is a producer of technical products and premium fine papers and packaging. The Company has two primary businesses: technical products business, and fine paper and packaging business. Its segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of transportation, water and other filter media and durable, saturated and coated substrates.

Institutional Ownership by Quarter for Neenah Paper (NYSE:NP)

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