Advisors Asset Management Inc. lowered its stake in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 5.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 676,403 shares of the company’s stock after selling 42,227 shares during the period. Schweitzer-Mauduit International comprises about 0.5% of Advisors Asset Management Inc.’s portfolio, making the stock its 28th largest holding. Advisors Asset Management Inc. owned 2.20% of Schweitzer-Mauduit International worth $28,044,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its stake in shares of Schweitzer-Mauduit International by 7.0% during the 2nd quarter. SG Americas Securities LLC now owns 2,829 shares of the company’s stock valued at $105,000 after buying an additional 184 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Schweitzer-Mauduit International during the 2nd quarter valued at about $247,000. Cubist Systematic Strategies LLC purchased a new position in shares of Schweitzer-Mauduit International during the 2nd quarter valued at about $267,000. Sei Investments Co. raised its stake in shares of Schweitzer-Mauduit International by 110.3% during the 2nd quarter. Sei Investments Co. now owns 7,269 shares of the company’s stock valued at $271,000 after buying an additional 3,812 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in shares of Schweitzer-Mauduit International by 61.6% during the 2nd quarter. Quantbot Technologies LP now owns 8,400 shares of the company’s stock valued at $312,000 after buying an additional 3,203 shares during the last quarter. Institutional investors and hedge funds own 85.94% of the company’s stock.
Separately, DA Davidson assumed coverage on Schweitzer-Mauduit International in a research note on Tuesday, September 26th. They set a “buy” rating and a $47.00 price objective for the company.
Schweitzer-Mauduit International (NYSE:SWM) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.18. Schweitzer-Mauduit International had a return on equity of 19.10% and a net margin of 8.33%. The firm had revenue of $257.80 million during the quarter, compared to analyst estimates of $238.00 million. During the same quarter in the previous year, the business earned $0.74 EPS. Schweitzer-Mauduit International’s revenue for the quarter was up 23.2% compared to the same quarter last year. sell-side analysts expect that Schweitzer-Mauduit International, Inc. will post 3.15 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Thursday, November 30th. This is a positive change from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. Schweitzer-Mauduit International’s payout ratio is currently 65.63%.
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Schweitzer-Mauduit International 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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