Sidoti downgraded shares of Schweitzer-Mauduit International (NYSE:SWM) from a buy rating to a neutral rating in a report released on Friday, Marketbeat Ratings reports.

A number of other equities research analysts have also issued reports on SWM. Zacks Investment Research lowered Schweitzer-Mauduit International from a hold rating to a sell rating in a research note on Thursday, August 9th. TheStreet lowered Schweitzer-Mauduit International from a b rating to a c+ rating in a research note on Thursday, October 18th.

Shares of NYSE:SWM traded down $0.95 during midday trading on Friday, hitting $31.06. The company had a trading volume of 287,602 shares, compared to its average volume of 182,062. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.98 and a quick ratio of 1.86. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 4.86 and a beta of 1.43. Schweitzer-Mauduit International has a 12-month low of $30.69 and a 12-month high of $48.06.

Schweitzer-Mauduit International (NYSE:SWM) last issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.05). Schweitzer-Mauduit International had a return on equity of 19.06% and a net margin of 4.36%. The business had revenue of $260.30 million during the quarter, compared to analysts’ expectations of $266.80 million. During the same quarter in the previous year, the company posted $1.00 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities research analysts expect that Schweitzer-Mauduit International will post 3.3 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Shareholders of record on Friday, November 30th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 5.67%. The ex-dividend date is Thursday, November 29th. This is a positive change from Schweitzer-Mauduit International’s previous quarterly dividend of $0.43. Schweitzer-Mauduit International’s dividend payout ratio is presently 54.09%.

A number of hedge funds have recently modified their holdings of the business. Legal & General Group Plc increased its stake in Schweitzer-Mauduit International by 1.9% in the 1st quarter. Legal & General Group Plc now owns 62,589 shares of the company’s stock worth $2,446,000 after buying an additional 1,172 shares in the last quarter. HGK Asset Management Inc. increased its stake in Schweitzer-Mauduit International by 19.3% in the 2nd quarter. HGK Asset Management Inc. now owns 10,129 shares of the company’s stock worth $443,000 after buying an additional 1,641 shares in the last quarter. Royal Bank of Canada increased its stake in Schweitzer-Mauduit International by 21.3% in the 1st quarter. Royal Bank of Canada now owns 13,516 shares of the company’s stock worth $529,000 after buying an additional 2,370 shares in the last quarter. Navellier & Associates Inc increased its stake in Schweitzer-Mauduit International by 4.5% in the 2nd quarter. Navellier & Associates Inc now owns 67,185 shares of the company’s stock worth $2,937,000 after buying an additional 2,883 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Schweitzer-Mauduit International by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 626,552 shares of the company’s stock worth $27,393,000 after buying an additional 2,884 shares in the last quarter. Institutional investors and hedge funds own 88.93% of the company’s stock.

About Schweitzer-Mauduit International

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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