Public Sector Pension investment Board lessened its stake in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 27.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,861 shares of the company’s stock after selling 5,900 shares during the quarter. Public Sector Pension investment Board owned about 0.05% of Schweitzer-Mauduit International worth $591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SWM. Cooke & Bieler LP increased its holdings in Schweitzer-Mauduit International by 19.3% in the second quarter. Cooke & Bieler LP now owns 1,330,939 shares of the company’s stock valued at $49,551,000 after purchasing an additional 214,915 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in Schweitzer-Mauduit International by 281.9% in the second quarter. Thrivent Financial For Lutherans now owns 127,600 shares of the company’s stock valued at $4,750,000 after purchasing an additional 94,190 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in Schweitzer-Mauduit International by 14.4% in the second quarter. Advisors Asset Management Inc. now owns 718,630 shares of the company’s stock valued at $26,755,000 after purchasing an additional 90,509 shares during the last quarter. GSA Capital Partners LLP increased its holdings in Schweitzer-Mauduit International by 621.5% in the second quarter. GSA Capital Partners LLP now owns 83,410 shares of the company’s stock valued at $3,105,000 after purchasing an additional 71,850 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Schweitzer-Mauduit International by 7.8% in the second quarter. Wells Fargo & Company MN now owns 951,648 shares of the company’s stock valued at $35,430,000 after purchasing an additional 68,762 shares during the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.

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Separately, DA Davidson began coverage on Schweitzer-Mauduit International in a report on Tuesday, September 26th. They issued a “buy” rating and a $47.00 price objective for the company.

Shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) opened at 41.20 on Monday. Schweitzer-Mauduit International, Inc. has a 12-month low of $35.31 and a 12-month high of $47.01. The company has a 50-day moving average price of $39.17 and a 200-day moving average price of $39.22. The company has a market cap of $1.27 billion, a P/E ratio of 15.26 and a beta of 1.22.

Schweitzer-Mauduit International (NYSE:SWM) last announced its earnings results on Wednesday, August 2nd. The company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.08. The firm had revenue of $255.30 million for the quarter, compared to the consensus estimate of $243.50 million. Schweitzer-Mauduit International had a return on equity of 18.00% and a net margin of 8.00%. The business’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. On average, analysts predict that Schweitzer-Mauduit International, Inc. will post $3.15 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, August 25th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 4.08%. The ex-dividend date was Wednesday, August 23rd. Schweitzer-Mauduit International’s payout ratio is presently 72.10%.

In related news, Director Jeffrey Keenan bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were purchased at an average cost of $38.64 per share, with a total value of $386,400.00. Following the acquisition, the director now owns 25,000 shares of the company’s stock, valued at $966,000. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.84% of the stock is currently owned by insiders.

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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Institutional Ownership by Quarter for Schweitzer-Mauduit International (NYSE:SWM)

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