Dean Capital Management increased its holdings in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 41.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 134,962 shares of the company’s stock after acquiring an additional 39,600 shares during the quarter. Schweitzer-Mauduit International comprises about 2.4% of Dean Capital Management’s investment portfolio, making the stock its largest holding. Dean Capital Management owned approximately 0.44% of Schweitzer-Mauduit International worth $5,025,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Cooke & Bieler LP boosted its position in Schweitzer-Mauduit International by 19.3% during the 2nd quarter. Cooke & Bieler LP now owns 1,330,939 shares of the company’s stock worth $49,551,000 after buying an additional 214,915 shares during the period. Thrivent Financial For Lutherans boosted its position in Schweitzer-Mauduit International by 281.9% during the 2nd quarter. Thrivent Financial For Lutherans now owns 127,600 shares of the company’s stock worth $4,750,000 after buying an additional 94,190 shares during the period. Advisors Asset Management Inc. boosted its position in Schweitzer-Mauduit International by 14.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 718,630 shares of the company’s stock worth $26,755,000 after buying an additional 90,509 shares during the period. GSA Capital Partners LLP boosted its position in Schweitzer-Mauduit International by 621.5% during the 2nd quarter. GSA Capital Partners LLP now owns 83,410 shares of the company’s stock worth $3,105,000 after buying an additional 71,850 shares during the period. Finally, Wells Fargo & Company MN boosted its position in Schweitzer-Mauduit International by 7.8% during the 2nd quarter. Wells Fargo & Company MN now owns 951,648 shares of the company’s stock worth $35,430,000 after buying an additional 68,762 shares during the period. 85.80% of the stock is currently owned by institutional investors and hedge funds.
In other Schweitzer-Mauduit International news, Director Jeffrey Keenan purchased 10,000 shares of the company’s stock in a transaction that occurred 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 purchase, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $966,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.84% of the company’s stock.
Schweitzer-Mauduit International (NYSE:SWM) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.88 EPS 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 analyst estimates of $243.50 million. During the same quarter last year, the firm posted $0.93 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. Analysts predict that Schweitzer-Mauduit International, Inc. will post $3.15 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, August 25th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Wednesday, August 23rd. Schweitzer-Mauduit International’s payout ratio is 72.10%.
Separately, DA Davidson began coverage on shares of Schweitzer-Mauduit International in a research report on Tuesday, September 26th. They issued a “buy” rating and a $47.00 price target on the stock.
About Schweitzer-Mauduit International
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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