Principal Financial Group Inc. Sells 960 Shares of Neenah Paper, Inc. (NP)
Principal Financial Group Inc. trimmed its position in Neenah Paper, Inc. (NYSE:NP) by 0.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,060 shares of the basic materials company’s stock after selling 960 shares during the period. Principal Financial Group Inc. owned 0.82% of Neenah Paper worth $11,725,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. IndexIQ Advisors LLC boosted its holdings in Neenah Paper by 108.5% in the third quarter. IndexIQ Advisors LLC now owns 18,637 shares of the basic materials company’s stock worth $1,594,000 after acquiring an additional 9,699 shares in the last quarter. Copeland Capital Management LLC boosted its holdings in Neenah Paper by 1.7% in the third quarter. Copeland Capital Management LLC now owns 188,876 shares of the basic materials company’s stock worth $16,158,000 after acquiring an additional 3,172 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in Neenah Paper in the third quarter worth $379,000. Aperio Group LLC boosted its holdings in Neenah Paper by 5.8% in the third quarter. Aperio Group LLC now owns 14,924 shares of the basic materials company’s stock worth $1,277,000 after acquiring an additional 824 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its holdings in Neenah Paper by 4.8% in the third quarter. Nationwide Fund Advisors now owns 20,873 shares of the basic materials company’s stock worth $1,786,000 after acquiring an additional 965 shares in the last quarter. 93.01% of the stock is currently owned by institutional investors and hedge funds.
NP has been the topic of several analyst reports. Zacks Investment Research downgraded Neenah Paper from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. BidaskClub downgraded Neenah Paper from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Finally, DA Davidson reissued a “neutral” rating on shares of Neenah Paper in a report on Thursday, November 9th.
Shares of Neenah Paper, Inc. (NYSE NP) opened at $89.35 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.52 and a debt-to-equity ratio of 0.56. Neenah Paper, Inc. has a 1-year low of $72.35 and a 1-year high of $90.23. The company has a market capitalization of $1,503.56, a price-to-earnings ratio of 20.46, a price-to-earnings-growth ratio of 4.27 and a beta of 1.27.
Neenah Paper (NYSE:NP) last released its earnings results on Tuesday, November 7th. The basic materials company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.01. The business had revenue of $245.10 million for the quarter, compared to the consensus estimate of $240.60 million. Neenah Paper had a return on equity of 20.48% and a net margin of 8.13%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. sell-side analysts anticipate that Neenah Paper, Inc. will post 4.19 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 4th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, November 16th. Neenah Paper’s payout ratio is currently 32.60%.
In other news, SVP Steven S. Heinrichs sold 2,744 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $85.00, for a total transaction of $233,240.00. Following the transaction, the senior vice president now directly owns 18,293 shares of the company’s stock, valued at $1,554,905. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Matthew L. Duncan sold 1,107 shares of the company’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $79.00, for a total value of $87,453.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,620 shares of company stock worth $386,325. Corporate insiders own 2.00% of the company’s stock.
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Neenah Paper Company Profile
Neenah Paper, Inc is a producer of technical products and premium fine papers and packaging. The Company has two primary businesses: technical products business, and fine paper and packaging business. Its segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of transportation, water and other filter media and durable, saturated and coated substrates.
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