State of Tennessee Treasury Department maintained its position in Neenah Paper, Inc. (NYSE:NP) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,680 shares of the basic materials company’s stock at the close of the 2nd quarter. State of Tennessee Treasury Department owned about 0.09% of Neenah Paper worth $1,258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Nationwide Fund Advisors lifted its stake in Neenah Paper by 3.4% in the first quarter. Nationwide Fund Advisors now owns 20,413 shares of the basic materials company’s stock worth $1,525,000 after purchasing an additional 669 shares during the last quarter. Prudential Financial Inc. lifted its stake in Neenah Paper by 9.0% in the first quarter. Prudential Financial Inc. now owns 49,930 shares of the basic materials company’s stock worth $3,730,000 after purchasing an additional 4,130 shares during the last quarter. Copper Rock Capital Partners LLC bought a new stake in Neenah Paper in the second quarter worth $33,097,000. ClariVest Asset Management LLC lifted its stake in Neenah Paper by 4.3% in the first quarter. ClariVest Asset Management LLC now owns 65,716 shares of the basic materials company’s stock worth $4,910,000 after purchasing an additional 2,727 shares during the last quarter. Finally, State Street Corp lifted its stake in Neenah Paper by 5.0% in the first quarter. State Street Corp now owns 411,322 shares of the basic materials company’s stock worth $30,723,000 after purchasing an additional 19,516 shares during the last quarter. 92.31% of the stock is owned by institutional investors.

Shares of Neenah Paper, Inc. (NYSE NP) opened at 82.50 on Friday. The company has a market capitalization of $1.39 billion, a P/E ratio of 18.79 and a beta of 1.30. The firm has a 50-day moving average of $78.10 and a 200 day moving average of $77.63. Neenah Paper, Inc. has a 1-year low of $72.35 and a 1-year high of $90.23.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were paid a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.79%. Neenah Paper’s payout ratio is currently 33.71%.

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In other Neenah Paper news, SVP Matthew L. Duncan sold 311 shares of Neenah Paper stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $82.00, for a total value of $25,502.00. Following the completion of the transaction, the senior vice president now directly owns 1,963 shares of the company’s stock, valued at approximately $160,966. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Bonnie Cruickshank Lind sold 1,500 shares of Neenah Paper stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $81.00, for a total transaction of $121,500.00. Following the completion of the transaction, the chief financial officer now directly owns 27,074 shares of the company’s stock, valued at $2,192,994. The disclosure for this sale can be found here. Insiders sold a total of 7,648 shares of company stock valued at $612,014 over the last three months. Corporate insiders own 2.00% of the company’s stock.

Several analysts have weighed in on NP shares. Zacks Investment Research raised shares of Neenah Paper from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub downgraded shares of Neenah Paper from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Finally, ValuEngine downgraded shares of Neenah Paper from a “buy” rating to a “hold” rating in a research note on Saturday, May 27th.

About Neenah Paper

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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