Schweitzer-Mauduit International (SWM) Cut to “Sell” at Zacks Investment Research
Zacks Investment Research lowered shares of Schweitzer-Mauduit International (NYSE:SWM) from a hold rating to a sell rating in a research note published on Friday.
According to Zacks, “Schweitzer-Mauduit International, Inc. (SWM) is a leading global provider of engineered solutions & advanced materials. From their origins as paper-making experts during the Renaissance to their cutting-edge technologies that solve today’s modern business challenges, SWM has consistently demonstrated a forward-looking approach to helping their customers succeed. In recent years, as they focused on expanding their reach beyond fiber-based materials, SWM established & grew its Advanced Materials & Structures platform to include expertise and capabilities in resin-based technologies and materials. As part of this effort, SWM acquired and integrated several global leaders specializing in market-leading netting & high-performance TPU films, including Argotec, Conwed Plastics and DelStar Technologies. SWM also acquired its subsidiary Filtrexx International, a global leader in the research & development of sustainable, compost-based solutions for erosion control and storm water management. “
Other equities research analysts also recently issued reports about the company. Sidoti set a $54.00 price target on Schweitzer-Mauduit International and gave the company a buy rating in a report on Tuesday, September 25th. TheStreet downgraded Schweitzer-Mauduit International from a b rating to a c+ rating in a report on Thursday, October 18th.
Schweitzer-Mauduit International (NYSE:SWM) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.05). Schweitzer-Mauduit International had a return on equity of 17.95% and a net margin of 5.83%. The business had revenue of $260.30 million for the quarter, compared to analysts’ expectations of $266.80 million. During the same quarter in the prior year, the firm earned $1.00 earnings per share. Schweitzer-Mauduit International’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts forecast that Schweitzer-Mauduit International will post 3.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, November 30th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.68%. This is an increase from Schweitzer-Mauduit International’s previous quarterly dividend of $0.43. The ex-dividend date is Thursday, November 29th. Schweitzer-Mauduit International’s payout ratio is 54.09%.
In other news, Director Kimberly E. Ritrievi purchased 2,000 shares of the stock in a transaction dated Monday, November 12th. The stock was acquired at an average cost of $31.09 per share, for a total transaction of $62,180.00. Following the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $62,180. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Robert J. Cardin sold 3,579 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $31.11, for a total value of $111,342.69. Following the transaction, the insider now owns 12,561 shares of the company’s stock, valued at approximately $390,772.71. The disclosure for this sale can be found here. 1.01% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc raised its holdings in shares of 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. Royal Bank of Canada grew its position in Schweitzer-Mauduit International by 21.3% during the 1st quarter. Royal Bank of Canada now owns 13,516 shares of the company’s stock worth $529,000 after acquiring an additional 2,370 shares during the last quarter. Principal Financial Group Inc. grew its position in Schweitzer-Mauduit International by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 245,359 shares of the company’s stock worth $9,606,000 after acquiring an additional 5,817 shares during the last quarter. State of Alaska Department of Revenue grew its position in Schweitzer-Mauduit International by 51.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 15,055 shares of the company’s stock worth $657,000 after acquiring an additional 5,120 shares during the last quarter. Finally, Amalgamated Bank bought a new stake in Schweitzer-Mauduit International during the 2nd quarter worth approximately $200,000. Institutional investors and hedge funds own 89.31% 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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