Neenah Paper, Inc. (NP) Stake Decreased by Swiss National Bank
Swiss National Bank lowered its stake in Neenah Paper, Inc. (NYSE:NP) by 3.8% during the third quarter, Holdings Channel reports. The fund owned 27,600 shares of the company’s stock after selling 1,100 shares during the period. Swiss National Bank owned about 0.16% of Neenah Paper worth $2,181,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Segall Bryant & Hamill LLC raised its position in shares of Neenah Paper by 7.4% in the second quarter. Segall Bryant & Hamill LLC now owns 21,916 shares of the company’s stock valued at $1,586,000 after buying an additional 1,505 shares during the last quarter. BlackRock Inc. increased its stake in Neenah Paper by 76.6% in the second quarter. BlackRock Inc. now owns 1,907 shares of the company’s stock worth $137,000 after buying an additional 827 shares during the last quarter. PineBridge Investments L.P. increased its stake in Neenah Paper by 3.7% in the second quarter. PineBridge Investments L.P. now owns 2,122 shares of the company’s stock worth $153,000 after buying an additional 75 shares during the last quarter. Vanguard Group Inc. increased its stake in Neenah Paper by 2.5% in the second quarter. Vanguard Group Inc. now owns 868,530 shares of the company’s stock worth $62,855,000 after buying an additional 21,443 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Neenah Paper by 2.0% in the second quarter. Principal Financial Group Inc. now owns 122,012 shares of the company’s stock worth $8,830,000 after buying an additional 2,337 shares during the last quarter. 89.11% of the stock is owned by institutional investors.
Shares of Neenah Paper, Inc. (NYSE:NP) opened at 82.70 on Friday. The company has a market cap of $1.39 billion, a P/E ratio of 20.76 and a beta of 1.49. The company has a 50-day moving average price of $86.14 and a 200-day moving average price of $79.91. Neenah Paper, Inc. has a 52-week low of $52.70 and a 52-week high of $90.23.
Neenah Paper (NYSE:NP) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. Neenah Paper had a return on equity of 22.20% and a net margin of 7.12%. The firm had revenue of $232.90 million for the quarter, compared to the consensus estimate of $243.15 million. During the same quarter last year, the company earned $0.89 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities analysts predict that Neenah Paper, Inc. will post $4.30 EPS for the current year.
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A number of research firms recently weighed in on NP. Zacks Investment Research downgraded Neenah Paper from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 4th. DA Davidson restated a “hold” rating and issued a $78.00 target price on shares of Neenah Paper in a research report on Thursday, November 10th.
In other news, insider John P. O’donnell sold 36,972 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $85.78, for a total value of $3,171,458.16. Following the transaction, the insider now owns 14,568 shares of the company’s stock, valued at $1,249,643.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William M. Cook acquired 500 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was bought at an average cost of $81.68 per share, for a total transaction of $40,840.00. Following the purchase, the director now directly owns 1,563 shares of the company’s stock, valued at $127,665.84. The disclosure for this purchase can be found here. 2.00% of the stock is owned by insiders.
About Neenah Paper
Neenah Paper, Inc has two principal operations, technical products business, and fine paper and packaging business. The Company’s segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of fiber-formed, coated and/or saturated specialized media, which includes filtration media (Filtration), tape and abrasives backings products (Backings), and durable label and specialty substrate products (Specialty).
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