Public Employees Retirement System of Ohio boosted its holdings in Neenah Paper, Inc. (NYSE:NP) by 2,688.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,234 shares of the basic materials company’s stock after acquiring an additional 23,365 shares during the period. Public Employees Retirement System of Ohio owned about 0.14% of Neenah Paper worth $1,945,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. raised its holdings in shares of Neenah Paper by 128,954.2% during the first quarter. BlackRock Inc. now owns 2,011,955 shares of the basic materials company’s stock valued at $150,292,000 after buying an additional 2,010,396 shares during the last quarter. Vanguard Group Inc. raised its holdings in Neenah Paper by 1.5% during the second quarter. Vanguard Group Inc. now owns 910,945 shares of the basic materials company’s stock worth $73,103,000 after purchasing an additional 13,120 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Neenah Paper by 5.9% during the second quarter. Wells Fargo & Company MN now owns 841,177 shares of the basic materials company’s stock worth $67,505,000 after purchasing an additional 46,719 shares in the last quarter. Royce & Associates LP raised its holdings in Neenah Paper by 0.9% during the second quarter. Royce & Associates LP now owns 824,800 shares of the basic materials company’s stock worth $66,190,000 after purchasing an additional 6,966 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Neenah Paper by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 707,010 shares of the basic materials company’s stock worth $56,737,000 after purchasing an additional 2,360 shares in the last quarter. 89.30% of the stock is currently owned by hedge funds and other institutional investors.
Neenah Paper, Inc. (NYSE NP) opened at $85.95 on Friday. The stock has a market capitalization of $1.47 billion, a PE ratio of 20.20, a P/E/G ratio of 2.10 and a beta of 1.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.42 and a current ratio of 2.55.
Neenah Paper (NYSE:NP) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.14. The business had revenue of $248.70 million for the quarter, compared to analyst estimates of $250.88 million. Neenah Paper had a return on equity of 21.03% and a net margin of 7.99%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. research analysts forecast that Neenah Paper, Inc. will post 4.16 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 4th. Investors of record on Friday, November 17th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Thursday, November 16th. Neenah Paper’s dividend payout ratio (DPR) is currently 33.71%.
In other Neenah Paper news, SVP Matthew L. Duncan sold 311 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $82.00, for a total value of $25,502.00. Following the transaction, the senior vice president now directly owns 1,963 shares of the company’s stock, valued at $160,966. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Julie Schertell sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $76.71, for a total value of $153,420.00. Following the completion of the transaction, the senior vice president now directly owns 3,789 shares in the company, valued at $290,654.19. The disclosure for this sale can be found here. Insiders sold a total of 6,162 shares of company stock worth $499,615 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.
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NP has been the topic of several recent analyst reports. Zacks Investment Research raised Neenah Paper from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub upgraded shares of Neenah Paper from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st.
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.
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