Schweitzer-Mauduit International, Inc. (SWM) Holdings Trimmed by Prudential Financial Inc.

Prudential Financial Inc. decreased its holdings in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 9.4% in the third quarter, Holdings Channel reports. The institutional investor owned 306,349 shares of the company’s stock after selling 31,970 shares during the period. Prudential Financial Inc.’s holdings in Schweitzer-Mauduit International were worth $11,736,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Systematic Financial Management LP purchased a new position in shares of Schweitzer-Mauduit International in the third quarter worth about $1,333,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Schweitzer-Mauduit International in the third quarter worth approximately $241,000. Wells Fargo & Company MN boosted its stake in shares of Schweitzer-Mauduit International by 0.8% in the third quarter. Wells Fargo & Company MN now owns 1,174,974 shares of the company’s stock worth $45,014,000 after acquiring an additional 9,227 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Schweitzer-Mauduit International by 49.0% in the third quarter. Acadian Asset Management LLC now owns 103,419 shares of the company’s stock worth $3,964,000 after acquiring an additional 34,017 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in Schweitzer-Mauduit International during the third quarter worth $2,291,000. 89.15% of the stock is owned by institutional investors and hedge funds.

In other news, Director Kimberly E. Ritrievi bought 2,000 shares of Schweitzer-Mauduit International stock in a transaction that occurred on Monday, November 12th. The shares were purchased at an average price of $31.09 per share, for a total transaction of $62,180.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $62,180. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert J. Cardin sold 3,579 shares of Schweitzer-Mauduit International stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $31.11, for a total value of $111,342.69. Following the completion of the transaction, the insider now owns 12,561 shares in the company, valued at approximately $390,772.71. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by corporate insiders.

A number of research firms have commented on SWM. Zacks Investment Research downgraded Schweitzer-Mauduit International from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. Sidoti set a $56.00 price objective on Schweitzer-Mauduit International and gave the company a “buy” rating in a report on Friday, September 14th. Finally, TheStreet downgraded Schweitzer-Mauduit International from a “b” rating to a “c+” rating in a report on Thursday, October 18th.

Shares of NYSE SWM opened at $28.51 on Monday. The company has a quick ratio of 1.99, a current ratio of 3.09 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $877.18 million, a P/E ratio of 8.97, a PEG ratio of 4.39 and a beta of 1.49. Schweitzer-Mauduit International, Inc. has a 52-week low of $28.33 and a 52-week high of $48.06.

Schweitzer-Mauduit International (NYSE:SWM) last issued its earnings results on Wednesday, November 7th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.05). The business had revenue of $260.30 million for the quarter, compared to analysts’ expectations of $266.80 million. Schweitzer-Mauduit International had a return on equity of 17.95% and a net margin of 5.83%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $1.00 earnings per share. As a group, research analysts forecast that Schweitzer-Mauduit International, Inc. will post 3.25 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, November 30th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date of this dividend is Thursday, November 29th. This is a boost from Schweitzer-Mauduit International’s previous quarterly dividend of $0.43. Schweitzer-Mauduit International’s dividend payout ratio is 55.35%.

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Schweitzer-Mauduit International Company Profile

Schweitzer-Mauduit International, Inc, together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers and Advanced Materials & Structures. The Engineered Papers segment produces and sells cigarette papers, reconstituted tobacco leaf, and wrapper and binder products to cigarette and cigar manufacturers; and other non-tobacco paper products.

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Institutional Ownership by Quarter for Schweitzer-Mauduit International (NYSE:SWM)

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