Cambiar Investors LLC decreased its stake in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 24.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 305,025 shares of the company’s stock after selling 96,178 shares during the quarter. Cambiar Investors LLC owned 0.99% of Schweitzer-Mauduit International worth $12,646,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Schweitzer-Mauduit International by 0.3% in the second quarter. BlackRock Inc. now owns 3,743,346 shares of the company’s stock valued at $139,365,000 after buying an additional 11,898 shares during the period. Vanguard Group Inc. raised its position in shares of Schweitzer-Mauduit International by 1.5% during the second quarter. Vanguard Group Inc. now owns 2,928,148 shares of the company’s stock worth $109,016,000 after purchasing an additional 43,065 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Schweitzer-Mauduit International by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,334,057 shares of the company’s stock worth $49,667,000 after purchasing an additional 25,906 shares during the period. Cooke & Bieler LP raised its position in shares of Schweitzer-Mauduit International by 19.3% during the second quarter. Cooke & Bieler LP now owns 1,330,939 shares of the company’s stock worth $49,551,000 after purchasing an additional 214,915 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Schweitzer-Mauduit International by 7.8% during the second quarter. Wells Fargo & Company MN now owns 951,648 shares of the company’s stock worth $35,430,000 after purchasing an additional 68,762 shares during the period. 85.94% of the stock is currently owned by hedge funds and other institutional investors.
Schweitzer-Mauduit International, Inc. (NYSE:SWM) traded down $0.99 during midday trading on Tuesday, hitting $42.71. The stock had a trading volume of 270,900 shares, compared to its average volume of 139,628. The firm has a market capitalization of $1,342.53, a price-to-earnings ratio of 13.08, a P/E/G ratio of 2.77 and a beta of 1.29. The company has a debt-to-equity ratio of 1.21, a quick ratio of 2.05 and a current ratio of 3.06. Schweitzer-Mauduit International, Inc. has a 52 week low of $36.26 and a 52 week high of $47.01.
Schweitzer-Mauduit International (NYSE:SWM) last released its quarterly earnings results on Wednesday, November 1st. The company reported $1.00 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.18. The company had revenue of $257.80 million for the quarter, compared to analyst estimates of $238.00 million. Schweitzer-Mauduit International had a return on equity of 19.10% and a net margin of 8.33%. Schweitzer-Mauduit International’s revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share. analysts anticipate that Schweitzer-Mauduit International, Inc. will post 3.15 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 1st will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 4.03%. This is a positive change from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is currently 65.63%.
Separately, DA Davidson assumed coverage on Schweitzer-Mauduit International in a research report on Tuesday, September 26th. They set 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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