Schweitzer-Mauduit International, Inc. (SWM) Stake Increased by Morgan Stanley

Morgan Stanley raised its position in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 19.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 301,872 shares of the company’s stock after acquiring an additional 50,095 shares during the period. Morgan Stanley owned approximately 0.98% of Schweitzer-Mauduit International worth $11,565,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SWM. BlackRock Inc. lifted its stake in shares of Schweitzer-Mauduit International by 2.9% in the third quarter. BlackRock Inc. now owns 4,414,761 shares of the company’s stock valued at $169,129,000 after purchasing an additional 123,155 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Schweitzer-Mauduit International by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 1,514,890 shares of the company’s stock valued at $58,036,000 after purchasing an additional 16,743 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Schweitzer-Mauduit International by 0.8% in the third quarter. Wells Fargo & Company MN now owns 1,174,974 shares of the company’s stock valued at $45,014,000 after purchasing an additional 9,227 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Schweitzer-Mauduit International by 3.6% in the third quarter. Bank of New York Mellon Corp now owns 649,249 shares of the company’s stock valued at $24,873,000 after purchasing an additional 22,697 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Schweitzer-Mauduit International by 17.9% in the second quarter. Northern Trust Corp now owns 548,616 shares of the company’s stock valued at $23,985,000 after purchasing an additional 83,452 shares during the period. Institutional investors own 88.50% of the company’s stock.

NYSE:SWM opened at $31.75 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 3.09 and a debt-to-equity ratio of 1.12. Schweitzer-Mauduit International, Inc. has a twelve month low of $24.35 and a twelve month high of $45.48. The stock has a market cap of $978.41 million, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 4.57 and a beta of 1.62.

Schweitzer-Mauduit International (NYSE:SWM) last posted its earnings results on Wednesday, November 7th. The company reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.05). Schweitzer-Mauduit International had a net margin of 5.83% and a return on equity of 17.95%. The business had revenue of $260.30 million for the quarter, compared to analysts’ expectations of $266.80 million. During the same quarter last year, the business posted $1.00 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts forecast that Schweitzer-Mauduit International, Inc. will post 3.25 EPS for the current year.

In other Schweitzer-Mauduit International news, Director Kimberly E. Ritrievi bought 2,000 shares of the company’s stock in a transaction on Monday, November 12th. The stock was purchased 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 approximately $62,180. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert J. Cardin sold 3,579 shares of the firm’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $31.11, for a total transaction of $111,342.69. Following the transaction, the insider now owns 12,561 shares of the company’s stock, valued at $390,772.71. The disclosure for this sale can be found here. Company insiders own 1.01% of the company’s stock.

Several equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Schweitzer-Mauduit International from a “hold” rating to a “sell” rating in a report on Friday, November 16th. Sidoti downgraded shares of Schweitzer-Mauduit International from a “buy” rating to a “neutral” rating in a report on Friday, November 9th. Finally, TheStreet downgraded shares of Schweitzer-Mauduit International from a “b” rating to a “c+” rating in a report on Thursday, October 18th.

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Schweitzer-Mauduit International Company Profile

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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Institutional Ownership by Quarter for Schweitzer-Mauduit International (NYSE:SWM)

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