SG Americas Securities LLC grew its holdings in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 103.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,765 shares of the company’s stock after purchasing an additional 2,936 shares during the period. SG Americas Securities LLC’s holdings in Schweitzer-Mauduit International were worth $239,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Schweitzer-Mauduit International by 4.2% in the second quarter. State Street Corp now owns 783,424 shares of the company’s stock valued at $29,167,000 after purchasing an additional 31,424 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Schweitzer-Mauduit International in the second quarter worth $267,000. Principal Financial Group Inc. increased its stake in shares of Schweitzer-Mauduit International by 3.4% in the second quarter. Principal Financial Group Inc. now owns 250,469 shares of the company’s stock worth $9,325,000 after acquiring an additional 8,221 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Schweitzer-Mauduit International by 3.2% in the second quarter. Great West Life Assurance Co. Can now owns 44,528 shares of the company’s stock worth $1,657,000 after acquiring an additional 1,383 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Schweitzer-Mauduit International by 0.7% in the second quarter. Schroder Investment Management Group now owns 808,951 shares of the company’s stock worth $30,214,000 after acquiring an additional 5,700 shares during the last quarter. Institutional investors own 85.59% of the company’s stock.
Schweitzer-Mauduit International, Inc. (NYSE SWM) opened at $45.29 on Thursday. Schweitzer-Mauduit International, Inc. has a one year low of $36.26 and a one year high of $47.01. 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 firm has a market cap of $1,360.04, a price-to-earnings ratio of 13.25, a PEG ratio of 2.81 and a beta of 1.32.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be paid a $0.43 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This is an increase from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.80%. Schweitzer-Mauduit International’s dividend payout ratio is 67.19%.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Schweitzer-Mauduit International from a “hold” rating to a “buy” rating and set a $49.00 price target 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 target on the stock.
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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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