Insider Buying: Schweitzer-Mauduit International, Inc. (NYSE:SWM) Director Acquires 1,000 Shares of Stock
Schweitzer-Mauduit International, Inc. (NYSE:SWM – Get Rating) Director Jeffrey Keenan acquired 1,000 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was bought at an average price of $27.45 per share, for a total transaction of $27,450.00. Following the acquisition, the director now owns 117,000 shares of the company’s stock, valued at approximately $3,211,650. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jeffrey Keenan also recently made the following trade(s):
- On Monday, May 23rd, Jeffrey Keenan acquired 6,000 shares of Schweitzer-Mauduit International stock. The stock was bought at an average price of $26.58 per share, for a total transaction of $159,480.00.
- On Friday, May 20th, Jeffrey Keenan acquired 11,000 shares of Schweitzer-Mauduit International stock. The stock was bought at an average price of $26.30 per share, for a total transaction of $289,300.00.
- On Monday, May 9th, Jeffrey Keenan purchased 9,000 shares of Schweitzer-Mauduit International stock. The shares were acquired at an average price of $26.20 per share, for a total transaction of $235,800.00.
Schweitzer-Mauduit International stock traded up $0.10 during trading hours on Wednesday, hitting $27.22. 279,948 shares of the stock traded hands, compared to its average volume of 234,570. The firm’s 50-day moving average price is $26.87 and its two-hundred day moving average price is $29.15. The company has a current ratio of 2.62, a quick ratio of 1.50 and a debt-to-equity ratio of 1.82. The company has a market cap of $850.87 million, a PE ratio of 12.59 and a beta of 1.03. Schweitzer-Mauduit International, Inc. has a one year low of $24.92 and a one year high of $43.22.
Schweitzer-Mauduit International (NYSE:SWM – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.89 earnings per share for the quarter. The business had revenue of $406.80 million for the quarter. Schweitzer-Mauduit International had a return on equity of 14.25% and a net margin of 4.42%. On average, sell-side analysts expect that Schweitzer-Mauduit International, Inc. will post 3.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, May 20th will be given a $0.44 dividend. The ex-dividend date is Thursday, May 19th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.47%. Schweitzer-Mauduit International’s dividend payout ratio is currently 81.11%.
Several institutional investors and hedge funds have recently modified their holdings of SWM. Point72 Hong Kong Ltd bought a new position in Schweitzer-Mauduit International in the 4th quarter valued at approximately $38,000. Alpha Paradigm Partners LLC bought a new position in shares of Schweitzer-Mauduit International during the 4th quarter valued at $39,000. PNC Financial Services Group Inc. lifted its holdings in shares of Schweitzer-Mauduit International by 25.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,948 shares of the company’s stock valued at $53,000 after buying an additional 401 shares during the period. Concord Wealth Partners bought a new position in Schweitzer-Mauduit International in the 1st quarter worth $55,000. Finally, Captrust Financial Advisors raised its holdings in Schweitzer-Mauduit International by 71.0% in the 1st quarter. Captrust Financial Advisors now owns 2,240 shares of the company’s stock worth $62,000 after purchasing an additional 930 shares during the period. 85.47% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently issued reports on SWM shares. StockNews.com started coverage on Schweitzer-Mauduit International in a report on Thursday, March 31st. They set a “hold” rating on the stock. TheStreet downgraded Schweitzer-Mauduit International from a “b-” rating to a “c+” rating in a report on Monday, February 28th.
Schweitzer-Mauduit International Company Profile (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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