Nordea Investment Management AB raised its stake in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,600 shares of the company’s stock after purchasing an additional 1,700 shares during the quarter. Nordea Investment Management AB owned about 0.19% of Schweitzer-Mauduit International worth $2,388,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Boston Partners increased its stake in shares of Schweitzer-Mauduit International by 35.7% in the third quarter. Boston Partners now owns 919,357 shares of the company’s stock worth $38,116,000 after acquiring an additional 241,771 shares during the period. Cooke & Bieler LP increased its stake in shares of Schweitzer-Mauduit International by 19.3% in the second quarter. Cooke & Bieler LP now owns 1,330,939 shares of the company’s stock worth $49,551,000 after acquiring an additional 214,915 shares during the period. Thrivent Financial For Lutherans increased its stake in shares of Schweitzer-Mauduit International by 281.9% in the second quarter. Thrivent Financial For Lutherans now owns 127,600 shares of the company’s stock worth $4,750,000 after acquiring an additional 94,190 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Schweitzer-Mauduit International by 14.4% in the second quarter. Advisors Asset Management Inc. now owns 718,630 shares of the company’s stock worth $26,755,000 after acquiring an additional 90,509 shares during the period. Finally, GSA Capital Partners LLP increased its stake in shares of Schweitzer-Mauduit International by 621.5% in the second quarter. GSA Capital Partners LLP now owns 83,410 shares of the company’s stock worth $3,105,000 after acquiring an additional 71,850 shares during the period. Institutional investors and hedge funds own 85.61% of the company’s stock.
Schweitzer-Mauduit International, Inc. (SWM) traded down $0.40 during mid-day trading on Wednesday, reaching $45.58. 257,900 shares of the company traded hands, compared to its average volume of 141,091. The firm has a market capitalization of $1,412.58, a price-to-earnings ratio of 13.77, a PEG ratio of 2.92 and a beta of 1.32. The company has a current ratio of 3.06, a quick ratio of 2.05 and a debt-to-equity ratio of 1.21. Schweitzer-Mauduit International, Inc. has a 52 week low of $36.26 and a 52 week high of $47.01.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 1st will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 3.77%. This is an increase from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, November 30th. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is presently 67.19%.
A number of research firms have recently weighed in on SWM. Zacks Investment Research upgraded shares of Schweitzer-Mauduit International from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Tuesday, November 28th. DA Davidson assumed coverage on shares of Schweitzer-Mauduit International in a research note on Tuesday, September 26th. They issued a “buy” rating and a $47.00 price objective on the stock.
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Schweitzer-Mauduit International 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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