Geode Capital Management LLC raised its position in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 7.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 478,446 shares of the company’s stock after acquiring an additional 34,822 shares during the quarter. Geode Capital Management LLC owned approximately 1.56% of Schweitzer-Mauduit International worth $11,984,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Schweitzer-Mauduit International by 1.7% in the 4th quarter. BlackRock Inc. now owns 4,491,019 shares of the company’s stock worth $112,499,000 after acquiring an additional 76,258 shares during the last quarter. Vanguard Group Inc. raised its holdings in Schweitzer-Mauduit International by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 3,210,480 shares of the company’s stock worth $122,994,000 after acquiring an additional 46,751 shares during the last quarter. Vanguard Group Inc raised its holdings in Schweitzer-Mauduit International by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 3,210,480 shares of the company’s stock worth $122,994,000 after acquiring an additional 46,751 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Schweitzer-Mauduit International by 9.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,654,377 shares of the company’s stock worth $41,443,000 after acquiring an additional 139,487 shares during the last quarter. Finally, Boston Partners raised its holdings in Schweitzer-Mauduit International by 11.6% in the 4th quarter. Boston Partners now owns 1,114,288 shares of the company’s stock worth $27,913,000 after acquiring an additional 115,695 shares during the last quarter. 90.60% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet upgraded shares of Schweitzer-Mauduit International from a “c” rating to a “b-” rating in a research note on Friday, February 22nd.
Schweitzer-Mauduit International (NYSE:SWM) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.10). The company had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $274.50 million. Schweitzer-Mauduit International had a return on equity of 19.22% and a net margin of 9.08%. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. As a group, research analysts forecast that Schweitzer-Mauduit International, Inc. will post 3.48 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, May 24th will be paid a $0.44 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $1.76 annualized dividend and a dividend yield of 5.62%. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is 50.57%.
In other news, EVP Michel Fievez sold 20,000 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $39.81, for a total value of $796,200.00. Following the completion of the sale, the executive vice president now directly owns 66,113 shares in the company, valued at approximately $2,631,958.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.89% of the company’s stock.
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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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