Insider Buying: Schweitzer-Mauduit International, Inc. (NYSE:SWM) Director Purchases 9,000 Shares of Stock

Schweitzer-Mauduit International, Inc. (NYSE:SWMGet Rating) Director Jeffrey Keenan purchased 9,000 shares of the business’s stock in a transaction on Monday, May 9th. The shares were bought at an average cost of $26.20 per share, for a total transaction of $235,800.00. Following the completion of the transaction, the director now directly owns 59,000 shares in the company, valued at approximately $1,545,800. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Shares of SWM stock traded down $0.53 during mid-day trading on Tuesday, hitting $25.61. 210,866 shares of the stock were exchanged, compared to its average volume of 226,277. The firm has a fifty day moving average of $27.75 and a 200 day moving average of $30.03. The company has a quick ratio of 1.45, a current ratio of 2.62 and a debt-to-equity ratio of 1.82. Schweitzer-Mauduit International, Inc. has a 52-week low of $24.92 and a 52-week high of $48.10. The company has a market cap of $816.37 million, a PE ratio of 11.80 and a beta of 1.03.

Schweitzer-Mauduit International (NYSE:SWMGet Rating) last issued its quarterly earnings results on Wednesday, February 23rd. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.26). The company had revenue of $390.40 million during the quarter. Schweitzer-Mauduit International had a net margin of 4.42% and a return on equity of 14.25%. During the same quarter in the previous year, the company earned $0.77 earnings per share. Equities analysts predict that Schweitzer-Mauduit International, Inc. will post 3.73 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Friday, May 20th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date of this dividend is Thursday, May 19th. Schweitzer-Mauduit International’s dividend payout ratio is presently 81.11%.

A number of institutional investors have recently modified their holdings of the stock. Boston Partners lifted its stake in Schweitzer-Mauduit International by 2.1% in the 1st quarter. Boston Partners now owns 1,149,996 shares of the company’s stock valued at $31,402,000 after buying an additional 23,675 shares in the last quarter. Swiss National Bank lifted its stake in Schweitzer-Mauduit International by 7.8% in the 1st quarter. Swiss National Bank now owns 74,400 shares of the company’s stock valued at $2,046,000 after buying an additional 5,400 shares in the last quarter. Fort Sheridan Advisors LLC purchased a new position in Schweitzer-Mauduit International in the 1st quarter valued at about $227,000. IndexIQ Advisors LLC purchased a new position in Schweitzer-Mauduit International in the 1st quarter valued at about $387,000. Finally, Rice Hall James & Associates LLC purchased a new position in Schweitzer-Mauduit International in the 1st quarter valued at about $4,446,000. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on SWM. TheStreet lowered shares of Schweitzer-Mauduit International from a “b-” rating to a “c+” rating in a research note on Monday, February 28th. StockNews.com began coverage on shares of Schweitzer-Mauduit International in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

About Schweitzer-Mauduit International (Get Rating)

Schweitzer-Mauduit International, Inc, together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. It operates through two segments, Advanced Materials & Structures and Engineered Papers. The Advanced Materials & Structures segment manufactures and sells resin-based rolled goods, such as nets, films and meltblown materials, bonding products, and adhesive components, as well as offers other coating solutions and converting services for healthcare, construction, industrial, transportation and filtration end-markets.

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