First Midwest Bank Trust Division increased its stake in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 2.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 11,180 shares of the company’s stock after buying an additional 216 shares during the period. First Midwest Bank Trust Division’s holdings in Schweitzer-Mauduit International were worth $416,000 as of its most recent SEC filing.
Shares of Schweitzer-Mauduit International, Inc. (SWM) opened at 38.00 on Friday. The stock has a 50 day moving average price of $38.08 and a 200 day moving average price of $40.01. Schweitzer-Mauduit International, Inc. has a 52 week low of $35.31 and a 52 week high of $47.01. The firm has a market cap of $1.17 billion, a PE ratio of 16.31 and a beta of 1.19.
Schweitzer-Mauduit International (NYSE:SWM) last released its earnings results on Wednesday, August 2nd. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. Schweitzer-Mauduit International had a return on equity of 18.00% and a net margin of 8.00%. The company had revenue of $255.30 million during the quarter, compared to analyst estimates of $243.50 million. During the same quarter in the previous year, the company posted $0.93 EPS. Schweitzer-Mauduit International’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities analysts expect that Schweitzer-Mauduit International, Inc. will post $3.15 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, August 25th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Wednesday, August 23rd. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is presently 72.10%.
COPYRIGHT VIOLATION NOTICE: “Schweitzer-Mauduit International, Inc. (SWM) Shares Bought by First Midwest Bank Trust Division” was first reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://stocknewstimes.com/2017/08/19/first-midwest-bank-trust-division-purchases-216-shares-of-schweitzer-mauduit-international-inc-swm-updated-updated.html.
In related news, Director Jeffrey Keenan bought 10,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was bought at an average price of $38.64 per share, with a total value of $386,400.00. Following the purchase, the director now owns 25,000 shares in the company, valued at approximately $966,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.84% of the company’s stock.
Schweitzer-Mauduit International Company Profile
Schweitzer-Mauduit International, Inc (SWM) is a diversified producer of engineered solutions and materials for a variety of industries. The Company has two operating product line segments: Engineered Papers, and Advanced Materials and Structures. As of December 31, 2016, the Company conducted business in over 90 countries and operate 18 production locations across the world, with facilities in the United States, Canada, the United Kingdom, France, Luxembourg, Russia, Brazil, China and Poland.
Receive News & Ratings for Schweitzer-Mauduit International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schweitzer-Mauduit International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
