Metropolitan Life Insurance Co. NY boosted its position in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 362.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,944 shares of the company’s stock after acquiring an additional 7,793 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Schweitzer-Mauduit International were worth $249,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in SWM. ETF Managers Group LLC bought a new position in Schweitzer-Mauduit International in the fourth quarter valued at approximately $9,150,000. Two Sigma Investments LP bought a new position in Schweitzer-Mauduit International in the fourth quarter valued at approximately $4,423,000. Barclays PLC increased its stake in Schweitzer-Mauduit International by 140.4% in the fourth quarter. Barclays PLC now owns 249,893 shares of the company’s stock valued at $6,259,000 after acquiring an additional 145,923 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Schweitzer-Mauduit International by 9.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,654,377 shares of the company’s stock valued at $41,443,000 after acquiring an additional 139,487 shares during the last quarter. Finally, BlackRock Inc. grew its stake in shares of Schweitzer-Mauduit International by 2.9% during the third quarter. BlackRock Inc. now owns 4,414,761 shares of the company’s stock worth $169,129,000 after buying an additional 123,155 shares during the last quarter. 90.52% of the stock is currently owned by institutional investors and hedge funds.
Separately, TheStreet raised shares of Schweitzer-Mauduit International from a “c” rating to a “b-” rating in a research note on Friday, February 22nd.
In other Schweitzer-Mauduit International news, EVP Michel Fievez sold 20,000 shares of the business’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $39.81, for a total transaction of $796,200.00. Following the sale, the executive vice president now owns 66,113 shares of the company’s stock, valued at $2,631,958.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.89% of the company’s stock.
NYSE SWM opened at $38.48 on Friday. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of 5.60 and a beta of 1.69. Schweitzer-Mauduit International, Inc. has a fifty-two week low of $24.35 and a fifty-two week high of $45.48. The company has a current ratio of 2.99, a quick ratio of 1.94 and a debt-to-equity ratio of 1.11.
Schweitzer-Mauduit International (NYSE:SWM) last posted its earnings results on Thursday, February 21st. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.20. The firm had revenue of $248.70 million for the quarter, compared to analysts’ expectations of $238.90 million. Schweitzer-Mauduit International had a net margin of 9.08% and a return on equity of 19.22%. As a group, sell-side analysts predict that Schweitzer-Mauduit International, Inc. will post 3.48 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 4th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, March 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.57%. Schweitzer-Mauduit International’s payout ratio is presently 50.57%.
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About Schweitzer-Mauduit International
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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