Sidoti set a $56.00 target price on Schweitzer-Mauduit International (NYSE:SWM) in a report issued on Friday. The firm currently has a buy rating on the stock.

Separately, Zacks Investment Research cut shares of Schweitzer-Mauduit International from a hold rating to a sell rating in a research note on Thursday, August 9th.

Shares of NYSE:SWM opened at $41.03 on Friday. The firm has a market cap of $1.22 billion, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 5.88 and a beta of 1.33. The company has a quick ratio of 1.86, a current ratio of 2.98 and a debt-to-equity ratio of 1.18. Schweitzer-Mauduit International has a 1-year low of $38.00 and a 1-year high of $48.06.

Schweitzer-Mauduit International (NYSE:SWM) last issued its quarterly earnings results on Wednesday, August 1st. The company reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.14. The firm had revenue of $270.40 million during the quarter, compared to analysts’ expectations of $265.35 million. Schweitzer-Mauduit International had a net margin of 4.36% and a return on equity of 19.06%. Schweitzer-Mauduit International’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. research analysts expect that Schweitzer-Mauduit International will post 3.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Investors of record on Friday, August 24th will be paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Thursday, August 23rd. Schweitzer-Mauduit International’s dividend payout ratio is currently 54.09%.

A number of large investors have recently modified their holdings of SWM. Wells Fargo & Company MN boosted its stake in Schweitzer-Mauduit International by 6.9% during the 1st quarter. Wells Fargo & Company MN now owns 1,065,501 shares of the company’s stock worth $41,714,000 after purchasing an additional 68,592 shares during the period. SG Americas Securities LLC raised its position in Schweitzer-Mauduit International by 73.6% during the 1st quarter. SG Americas Securities LLC now owns 5,994 shares of the company’s stock worth $235,000 after buying an additional 2,542 shares during the last quarter. Prudential Financial Inc. raised its position in Schweitzer-Mauduit International by 10.5% during the 1st quarter. Prudential Financial Inc. now owns 339,819 shares of the company’s stock worth $13,304,000 after buying an additional 32,250 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Schweitzer-Mauduit International by 13.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 325,856 shares of the company’s stock worth $12,758,000 after buying an additional 37,480 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new position in Schweitzer-Mauduit International during the 1st quarter worth $779,000. Hedge funds and other institutional investors own 89.09% of the company’s stock.

Schweitzer-Mauduit International Company Profile

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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