Eqis Capital Management Inc. Has $2.28 Million Position in Schweitzer-Mauduit International, Inc. (SWM)
Eqis Capital Management Inc. lifted its stake in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 5.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,028 shares of the company’s stock after acquiring an additional 2,640 shares during the period. Eqis Capital Management Inc. owned 0.18% of Schweitzer-Mauduit International worth $2,281,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. First Midwest Bank Trust Division lifted its position in Schweitzer-Mauduit International by 2.0% during the second quarter. First Midwest Bank Trust Division now owns 11,180 shares of the company’s stock worth $416,000 after buying an additional 216 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Schweitzer-Mauduit International by 3.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 44,528 shares of the company’s stock worth $1,657,000 after purchasing an additional 1,383 shares during the period. Schroder Investment Management Group raised its holdings in shares of Schweitzer-Mauduit International by 0.7% in the 2nd quarter. Schroder Investment Management Group now owns 808,951 shares of the company’s stock worth $30,214,000 after purchasing an additional 5,700 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Schweitzer-Mauduit International by 3.4% in the 2nd quarter. Principal Financial Group Inc. now owns 250,469 shares of the company’s stock worth $9,325,000 after purchasing an additional 8,221 shares during the period. Finally, Ingalls & Snyder LLC purchased a new position in shares of Schweitzer-Mauduit International in the 2nd quarter worth about $562,000. 85.80% of the stock is currently owned by institutional investors and hedge funds.
Separately, DA Davidson initiated coverage on Schweitzer-Mauduit International in a report on Tuesday, September 26th. They issued a “buy” rating and a $47.00 price objective on the stock.
In related news, Director Jeffrey Keenan purchased 10,000 shares of Schweitzer-Mauduit International stock in a transaction on Tuesday, August 8th. The stock was bought at an average price of $38.64 per share, with a total value of $386,400.00. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $966,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 1.84% of the stock is owned by insiders.
Schweitzer-Mauduit International, Inc. (NYSE SWM) traded down 0.22% during trading on Thursday, hitting $41.59. The stock had a trading volume of 13,457 shares. The firm’s 50 day moving average is $40.07 and its 200 day moving average is $39.24. Schweitzer-Mauduit International, Inc. has a 1-year low of $35.31 and a 1-year high of $47.01. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 17.85 and a beta of 1.23.
Schweitzer-Mauduit International (NYSE:SWM) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. Schweitzer-Mauduit International had a return on equity of 18.00% and a net margin of 8.00%. The company had revenue of $255.30 million during the quarter, compared to analysts’ expectations of $243.50 million. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. On average, analysts anticipate that Schweitzer-Mauduit International, Inc. will post $3.15 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, August 25th were given a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.03%. Schweitzer-Mauduit International’s dividend payout ratio is currently 72.10%.
Schweitzer-Mauduit International Company Profile
Schweitzer-Mauduit International, Inc (SWM) is a diversified producer of engineered solutions and materials for a variety of industries. The Company has two operating product line segments: Engineered Papers, and Advanced Materials and Structures. As of December 31, 2016, the Company conducted business in over 90 countries and operate 18 production locations across the world, with facilities in the United States, Canada, the United Kingdom, France, Luxembourg, Russia, Brazil, China and Poland.
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