Schweitzer-Mauduit International, Inc. (NYSE:SWM) Director Purchases $289,300.00 in Stock

Schweitzer-Mauduit International, Inc. (NYSE:SWMGet Rating) Director Jeffrey Keenan acquired 11,000 shares of the business’s stock in a transaction on Friday, May 20th. The shares were bought at an average cost of $26.30 per share, with a total value of $289,300.00. Following the completion of the acquisition, the director now owns 100,000 shares in the company, valued at $2,630,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Jeffrey Keenan also recently made the following trade(s):

  • On Monday, May 9th, Jeffrey Keenan bought 9,000 shares of Schweitzer-Mauduit International stock. The shares were bought at an average price of $26.20 per share, with a total value of $235,800.00.

Shares of Schweitzer-Mauduit International stock traded up $0.45 during trading hours on Monday, reaching $26.76. The company’s stock had a trading volume of 281,133 shares, compared to its average volume of 234,949. The firm has a 50 day moving average price of $27.27 and a 200-day moving average price of $29.47. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.62 and a quick ratio of 1.50. The stock has a market cap of $853.03 million, a P/E ratio of 12.12 and a beta of 1.03. Schweitzer-Mauduit International, Inc. has a one year low of $24.92 and a one year high of $45.00.

Schweitzer-Mauduit International (NYSE:SWMGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.89 earnings per share for the quarter. The company 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%. As a group, sell-side analysts forecast that Schweitzer-Mauduit International, Inc. will post 3.73 EPS for the current fiscal 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 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 yield of 6.58%. Schweitzer-Mauduit International’s dividend payout ratio is presently 81.11%.

SWM has been the subject of a number of research analyst reports. StockNews.com began coverage on Schweitzer-Mauduit International in a research report on Thursday, March 31st. They set a “hold” rating for the company. TheStreet downgraded Schweitzer-Mauduit International from a “b-” rating to a “c+” rating in a research report on Monday, February 28th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new position in Schweitzer-Mauduit International in the 4th quarter worth about $49,952,000. FMR LLC increased its position in shares of Schweitzer-Mauduit International by 122,817.8% during the first quarter. FMR LLC now owns 394,566 shares of the company’s stock worth $15,278,000 after acquiring an additional 394,245 shares during the period. Millennium Management LLC raised its stake in shares of Schweitzer-Mauduit International by 2,853.8% during the fourth quarter. Millennium Management LLC now owns 260,996 shares of the company’s stock valued at $7,804,000 after acquiring an additional 252,160 shares in the last quarter. Rice Hall James & Associates LLC purchased a new stake in shares of Schweitzer-Mauduit International in the first quarter valued at approximately $4,446,000. Finally, Victory Capital Management Inc. grew its stake in Schweitzer-Mauduit International by 72.3% in the first quarter. Victory Capital Management Inc. now owns 347,867 shares of the company’s stock worth $8,752,000 after purchasing an additional 146,006 shares in the last quarter. 85.47% of the stock is owned by institutional investors.

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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