Truvestments Capital LLC acquired a new stake in Schweitzer-Mauduit International, Inc. (NYSE:SWM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,460 shares of the company’s stock, valued at approximately $326,000.
A number of other institutional investors have also made changes to their positions in the business. Legal & General Group Plc grew its position in Schweitzer-Mauduit International by 1.9% in the 1st quarter. Legal & General Group Plc now owns 62,589 shares of the company’s stock valued at $2,446,000 after acquiring an additional 1,172 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Schweitzer-Mauduit International by 3.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 41,550 shares of the company’s stock valued at $1,627,000 after acquiring an additional 1,335 shares during the last quarter. Profund Advisors LLC grew its position in Schweitzer-Mauduit International by 33.5% in the 1st quarter. Profund Advisors LLC now owns 6,058 shares of the company’s stock valued at $237,000 after acquiring an additional 1,519 shares during the last quarter. HGK Asset Management Inc. grew its position in Schweitzer-Mauduit International by 19.3% in the 2nd quarter. HGK Asset Management Inc. now owns 10,129 shares of the company’s stock valued at $443,000 after acquiring an additional 1,641 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Schweitzer-Mauduit International by 21.3% in the 1st quarter. Royal Bank of Canada now owns 13,516 shares of the company’s stock valued at $529,000 after acquiring an additional 2,370 shares during the last quarter. 88.65% of the stock is currently owned by institutional investors.
Shares of SWM traded down $0.71 during midday trading on Friday, reaching $33.37. 233,087 shares of the stock were exchanged, compared to its average volume of 152,178. Schweitzer-Mauduit International, Inc. has a 52 week low of $33.09 and a 52 week high of $48.06. The company has a current ratio of 2.98, a quick ratio of 1.86 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 5.67 and a beta of 1.32.
Schweitzer-Mauduit International (NYSE:SWM) last posted its quarterly earnings results on Wednesday, August 1st. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Schweitzer-Mauduit International had a return on equity of 19.06% and a net margin of 4.36%. The business had revenue of $270.40 million for the quarter, compared to the consensus estimate of $265.35 million. During the same quarter in the prior year, the company earned $0.88 EPS. The business’s revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts predict that Schweitzer-Mauduit International, Inc. will post 3.38 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 21st. Stockholders of record on Friday, August 24th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date of this dividend was Thursday, August 23rd. Schweitzer-Mauduit International’s payout ratio is 54.09%.
Several equities analysts have commented on SWM shares. Sidoti set a $54.00 price objective on Schweitzer-Mauduit International and gave the company a “buy” rating in a research report on Tuesday, September 25th. Zacks Investment Research raised Schweitzer-Mauduit International from a “sell” rating to a “hold” rating in a research report on Thursday, October 4th.
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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