Wells Fargo & Company MN boosted its holdings in shares of Neenah Paper, Inc. (NYSE:NP) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 841,177 shares of the basic materials company’s stock after purchasing an additional 46,719 shares during the quarter. Wells Fargo & Company MN owned approximately 5.01% of Neenah Paper worth $67,505,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NP. Teachers Advisors LLC increased its holdings in Neenah Paper by 4.6% during the 4th quarter. Teachers Advisors LLC now owns 27,148 shares of the basic materials company’s stock worth $2,313,000 after purchasing an additional 1,184 shares during the last quarter. Bank of Montreal Can grew its position in shares of Neenah Paper by 17.3% in the 1st quarter. Bank of Montreal Can now owns 1,808 shares of the basic materials company’s stock worth $135,000 after acquiring an additional 267 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Neenah Paper by 1.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the basic materials company’s stock worth $508,000 after acquiring an additional 100 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of Neenah Paper by 3.4% in the 1st quarter. Nationwide Fund Advisors now owns 20,413 shares of the basic materials company’s stock worth $1,525,000 after acquiring an additional 669 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Neenah Paper by 15.7% in the 1st quarter. Russell Investments Group Ltd. now owns 47,224 shares of the basic materials company’s stock worth $3,528,000 after acquiring an additional 6,406 shares in the last quarter. Institutional investors own 93.04% of the company’s stock.

Neenah Paper, Inc. (NYSE NP) opened at 80.10 on Friday. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 18.25 and a beta of 1.30. The stock has a 50 day moving average price of $78.04 and a 200 day moving average price of $77.43. Neenah Paper, Inc. has a 12 month low of $72.35 and a 12 month high of $90.23.

Neenah Paper (NYSE:NP) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.08 by $0.14. The firm had revenue of $248.70 million during the quarter, compared to analysts’ expectations of $250.88 million. Neenah Paper had a return on equity of 21.03% and a net margin of 7.99%. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 EPS. On average, equities analysts expect that Neenah Paper, Inc. will post $4.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.48 annualized dividend and a yield of 1.85%. Neenah Paper’s dividend payout ratio (DPR) is 33.71%.

Neenah Paper declared that its board has approved a stock repurchase plan on Thursday, May 25th that permits the company to repurchase $25.00 million in shares. This repurchase authorization permits the basic materials company to buy up to 2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

In other Neenah Paper news, SVP Julie Schertell sold 2,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 3,789 shares of the company’s stock, valued at approximately $290,654.19. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Matthew L. Duncan sold 1,107 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $79.00, for a total value of $87,453.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,837 shares of company stock valued at $706,512. Insiders own 2.00% of the company’s stock.

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Several research analysts have recently commented on NP shares. BidaskClub lowered Neenah Paper from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded Neenah Paper from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine lowered Neenah Paper from a “buy” rating to a “hold” rating in a research report on Saturday, May 27th.

Neenah Paper Company 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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