Michel Fievez Sells 50,000 Shares of Schweitzer-Mauduit International Inc. (SWM) Stock
Schweitzer-Mauduit International Inc. (NYSE:SWM) EVP Michel Fievez sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $42.42, for a total transaction of $2,121,000.00. Following the completion of the sale, the executive vice president now directly owns 64,301 shares of the company’s stock, valued at $2,727,648.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Schweitzer-Mauduit International Inc. (NYSE:SWM) opened at 42.97 on Friday. Schweitzer-Mauduit International Inc. has a 12-month low of $29.02 and a 12-month high of $43.47. The company’s 50 day moving average is $38.79 and its 200 day moving average is $37.26. The company has a market capitalization of $1.31 billion, a P/E ratio of 15.01 and a beta of 1.06.
Schweitzer-Mauduit International (NYSE:SWM) last announced its earnings results on Wednesday, November 2nd. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.70 by $0.04. The firm had revenue of $209.30 million for the quarter, compared to the consensus estimate of $204.95 million. Schweitzer-Mauduit International had a net margin of 10.28% and a return on equity of 20.55%. The business’s quarterly revenue was up 13.5% on a year-over-year basis. During the same period last year, the company posted $0.89 EPS. Analysts expect that Schweitzer-Mauduit International Inc. will post $3.26 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, November 25th will be issued a dividend of $0.42 per share. This is an increase from Schweitzer-Mauduit International’s previous quarterly dividend of $0.40. This represents a $1.68 annualized dividend and a yield of 3.91%. The ex-dividend date is Tuesday, November 22nd. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is 58.54%.
Separately, Drexel Hamilton set a $44.00 target price on shares of Schweitzer-Mauduit International and gave the stock a “buy” rating in a research report on Friday, August 5th.
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About Schweitzer-Mauduit International
Schweitzer-Mauduit International, Inc is a producer of specialty papers and resin-based products. The Company manufactures and sells lightweight specialty papers, which are used in manufacturing ventilated cigarettes, reconstituted tobacco used in producing blended cigarettes and banded papers used in the production of lower ignition propensity (LIP) cigarettes.
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