Dimensional Fund Advisors LP Boosts Position in Schweitzer-Mauduit International, Inc. (SWM)
Dimensional Fund Advisors LP increased its holdings in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 3.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,374,763 shares of the company’s stock after acquiring an additional 40,706 shares during the period. Dimensional Fund Advisors LP owned approximately 4.48% of Schweitzer-Mauduit International worth $56,998,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of SWM. SG Americas Securities LLC boosted its stake in Schweitzer-Mauduit International by 7.0% during the second quarter. SG Americas Securities LLC now owns 2,829 shares of the company’s stock worth $105,000 after acquiring an additional 184 shares in the last quarter. Piedmont Investment Advisors LLC bought a new stake in Schweitzer-Mauduit International during the second quarter worth about $247,000. Dynamic Technology Lab Private Ltd bought a new stake in Schweitzer-Mauduit International during the third quarter worth about $258,000. Cubist Systematic Strategies LLC bought a new stake in Schweitzer-Mauduit International during the second quarter worth about $267,000. Finally, Sei Investments Co. boosted its stake in Schweitzer-Mauduit International by 110.3% during the second quarter. Sei Investments Co. now owns 7,269 shares of the company’s stock worth $271,000 after acquiring an additional 3,812 shares in the last quarter. 85.59% of the stock is currently owned by institutional investors and hedge funds.
Schweitzer-Mauduit International, Inc. (NYSE SWM) opened at $45.36 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 3.06 and a debt-to-equity ratio of 1.21. The stock has a market cap of $1,393.53, a PE ratio of 17.72, a price-to-earnings-growth ratio of 2.88 and a beta of 1.32. Schweitzer-Mauduit International, Inc. has a twelve month low of $36.26 and a twelve month high of $47.01.
The company also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Friday, December 1st were issued a $0.43 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This is a boost from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 3.79%. Schweitzer-Mauduit International’s payout ratio is 67.19%.
Several brokerages have issued reports on SWM. Zacks Investment Research raised shares of Schweitzer-Mauduit International from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Tuesday, November 28th. DA Davidson began coverage on shares of Schweitzer-Mauduit International in a report on Tuesday, September 26th. They issued a “buy” rating and a $47.00 target price for the company.
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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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