Two Sigma Investments LP Takes Position in Schweitzer-Mauduit International, Inc. (SWM)
Two Sigma Investments LP purchased a new position in Schweitzer-Mauduit International, Inc. (NYSE:SWM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 176,550 shares of the company’s stock, valued at approximately $4,423,000. Two Sigma Investments LP owned about 0.57% of Schweitzer-Mauduit International at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. BlackRock Inc. lifted its stake in shares of Schweitzer-Mauduit International by 1.7% in the 4th quarter. BlackRock Inc. now owns 4,491,019 shares of the company’s stock valued at $112,499,000 after purchasing an additional 76,258 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Schweitzer-Mauduit International by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,210,480 shares of the company’s stock valued at $122,994,000 after buying an additional 46,751 shares during the period. Vanguard Group Inc raised its holdings in shares of Schweitzer-Mauduit International by 1.5% during the 3rd quarter. Vanguard Group Inc now owns 3,210,480 shares of the company’s stock valued at $122,994,000 after buying an additional 46,751 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Schweitzer-Mauduit International by 9.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,654,377 shares of the company’s stock valued at $41,443,000 after buying an additional 139,487 shares during the period. Finally, Boston Partners raised its holdings in shares of Schweitzer-Mauduit International by 11.6% during the 4th quarter. Boston Partners now owns 1,114,288 shares of the company’s stock valued at $27,913,000 after buying an additional 115,695 shares during the period. 90.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:SWM opened at $38.59 on Thursday. The stock has a market cap of $1.19 billion, a P/E ratio of 11.09, a P/E/G ratio of 5.54 and a beta of 1.69. The company has a current ratio of 2.99, a quick ratio of 1.94 and a debt-to-equity ratio of 1.11. Schweitzer-Mauduit International, Inc. has a one year low of $24.35 and a one year high of $45.48.
The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 4th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.76 annualized dividend and a dividend yield of 4.56%. Schweitzer-Mauduit International’s payout ratio is currently 50.57%.
In related news, EVP Michel Fievez sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $39.81, for a total transaction of $796,200.00. Following the sale, the executive vice president now directly owns 66,113 shares in the company, valued at approximately $2,631,958.53. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.01% of the company’s stock.
Separately, TheStreet upgraded Schweitzer-Mauduit International from a “c” rating to a “b-” rating in a report on Friday, February 22nd.
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Schweitzer-Mauduit International 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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