Swiss National Bank Continues to Hold Holdings in Neenah Paper, Inc. (NP)
Swiss National Bank maintained its stake in shares of Neenah Paper, Inc. (NYSE:NP) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,600 shares of the basic materials company’s stock at the end of the second quarter. Swiss National Bank owned 0.16% of Neenah Paper worth $2,215,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new stake in Neenah Paper during the 1st quarter worth approximately $107,000. Bank of Montreal Can increased its stake in Neenah Paper by 17.3% during the 1st quarter. Bank of Montreal Can now owns 1,808 shares of the basic materials company’s stock valued at $135,000 after purchasing an additional 267 shares in the last quarter. Everence Capital Management Inc. acquired a new position in Neenah Paper during the 2nd quarter valued at approximately $201,000. Beck Mack & Oliver LLC acquired a new position in Neenah Paper during the 2nd quarter valued at approximately $213,000. Finally, Paloma Partners Management Co acquired a new position in Neenah Paper during the 1st quarter valued at approximately $236,000. 89.33% of the stock is owned by hedge funds and other institutional investors.
Neenah Paper, Inc. (NP) opened at 86.65 on Wednesday. The stock has a 50 day moving average price of $79.84 and a 200-day moving average price of $78.31. Neenah Paper, Inc. has a one year low of $72.35 and a one year high of $90.23. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 19.74 and a beta of 1.32.
Neenah Paper (NYSE:NP) last announced its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.22 earnings per share for the quarter, beating 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 firm had revenue of $248.70 million during the quarter, compared to analysts’ expectations of $250.88 million. During the same period in the previous year, the company earned $1.26 earnings per share. Neenah Paper’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, analysts predict that Neenah Paper, Inc. will post $4.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend was Wednesday, August 16th. Neenah Paper’s payout ratio is 33.71%.
A number of research firms have issued reports on NP. Zacks Investment Research cut shares of Neenah Paper from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BidaskClub raised shares of Neenah Paper from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st.
In other Neenah Paper news, SVP Matthew L. Duncan sold 311 shares of Neenah Paper stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $82.00, for a total transaction of $25,502.00. Following the transaction, the senior vice president now owns 1,963 shares of the company’s stock, valued at $160,966. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Steven S. Heinrichs sold 2,744 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $85.00, for a total value of $233,240.00. Following the completion of the sale, the senior vice president now owns 18,293 shares of the company’s stock, valued at approximately $1,554,905. The disclosure for this sale can be found here. Insiders have sold 10,392 shares of company stock worth $845,254 in the last quarter. Insiders own 2.00% of the company’s stock.
Neenah Paper 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.
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