Metropolitan Life Insurance Co NY Increases Stock Holdings in Schweitzer-Mauduit International, Inc. (NYSE:SWM)

Metropolitan Life Insurance Co NY increased its holdings in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 105,950.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,484 shares of the company’s stock after acquiring an additional 8,476 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Schweitzer-Mauduit International were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Eagle Bay Advisors LLC bought a new position in Schweitzer-Mauduit International in the second quarter worth $33,000. Captrust Financial Advisors bought a new position in Schweitzer-Mauduit International in the first quarter worth $62,000. Fieldpoint Private Securities LLC raised its holdings in Schweitzer-Mauduit International by 19.8% in the second quarter. Fieldpoint Private Securities LLC now owns 1,995 shares of the company’s stock worth $77,000 after purchasing an additional 330 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in Schweitzer-Mauduit International by 6.4% in the second quarter. Mutual of America Capital Management LLC now owns 4,466 shares of the company’s stock worth $180,000 after purchasing an additional 270 shares in the last quarter. Finally, Kingsview Wealth Management LLC bought a new position in Schweitzer-Mauduit International in the first quarter worth $289,000. 87.27% of the stock is owned by institutional investors.

Shares of NYSE:SWM opened at $31.80 on Thursday. Schweitzer-Mauduit International, Inc. has a 1-year low of $31.76 and a 1-year high of $50.78. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.47 and a quick ratio of 1.41. The business has a fifty day moving average price of $34.94 and a 200-day moving average price of $38.05. The company has a market capitalization of $1.00 billion, a PE ratio of 19.88 and a beta of 1.11.

Schweitzer-Mauduit International (NYSE:SWM) last issued its quarterly earnings results on Wednesday, November 3rd. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.13). Schweitzer-Mauduit International had a net margin of 3.83% and a return on equity of 17.18%. The company had revenue of $383.60 million for the quarter. During the same period in the previous year, the firm earned $1.16 EPS. On average, sell-side analysts anticipate that Schweitzer-Mauduit International, Inc. will post 3.75 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 17th. Stockholders of record on Friday, November 26th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Wednesday, November 24th. This represents a $1.76 annualized dividend and a dividend yield of 5.53%. Schweitzer-Mauduit International’s payout ratio is presently 110.00%.

Separately, TheStreet upgraded Schweitzer-Mauduit International from a “c+” rating to a “b” rating in a report on Monday, November 15th.

Schweitzer-Mauduit International Profile

Schweitzer-Mauduit International, Inc engages in the provision of performance materials, including papers, nets and films. It operates through the Engineered Papers and Advanced Materials and Structures segments. The Engineered Papers segment manufactures lightweight specialty papers used in manufacturing banded papers used in the production of lower ignition propensity, cigarettes, and premium specialized papers such as low volume specialized commercial and industrial commodity paper grades.

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

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