Comerica Bank raised its stake in Neenah Paper, Inc. (NYSE:NP) by 5.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,011 shares of the company’s stock after buying an additional 956 shares during the period. Comerica Bank owned about 0.11% of Neenah Paper worth $1,490,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Macquarie Group Ltd. boosted its position in Neenah Paper by 27.5% in the second quarter. Macquarie Group Ltd. now owns 371,431 shares of the company’s stock valued at $26,880,000 after buying an additional 80,214 shares in the last quarter. Creative Planning boosted its position in Neenah Paper by 15.5% in the third quarter. Creative Planning now owns 1,950 shares of the company’s stock valued at $154,000 after buying an additional 261 shares in the last quarter. Eagle Asset Management Inc. boosted its position in Neenah Paper by 1.6% in the third quarter. Eagle Asset Management Inc. now owns 107,819 shares of the company’s stock valued at $8,518,000 after buying an additional 1,734 shares in the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in Neenah Paper by 2.0% in the third quarter. Dalton Greiner Hartman Maher & Co. now owns 25,339 shares of the company’s stock valued at $2,002,000 after buying an additional 496 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in Neenah Paper by 0.4% in the third quarter. Bank of Montreal Can now owns 1,558 shares of the company’s stock valued at $124,000 after buying an additional 6 shares in the last quarter. 90.67% of the stock is currently owned by institutional investors and hedge funds.
Neenah Paper, Inc. (NYSE:NP) opened at 76.35 on Tuesday. Neenah Paper, Inc. has a 52-week low of $60.92 and a 52-week high of $90.22. The firm has a 50-day moving average price of $77.77 and a 200 day moving average price of $81.11. The stock has a market cap of $1.28 billion, a PE ratio of 18.02 and a beta of 1.48.
Neenah Paper (NYSE:NP) last released its earnings results on Wednesday, February 15th. The company reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.32. The company earned $220.50 million during the quarter, compared to analysts’ expectations of $231.85 million. Neenah Paper had a return on equity of 22.20% and a net margin of 7.12%. On average, analysts forecast that Neenah Paper, Inc. will post $4.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 2nd. Stockholders of record on Friday, February 17th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date was Wednesday, February 15th. This is a boost from Neenah Paper’s previous quarterly dividend of $0.33. Neenah Paper’s dividend payout ratio (DPR) is presently 33.42%.
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Separately, Zacks Investment Research raised Neenah Paper from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 22nd.
In related news, insider John P. O’donnell sold 24,162 shares of the firm’s stock in a transaction that occurred on Monday, January 9th. The stock was sold at an average price of $85.81, for a total transaction of $2,073,341.22. Following the completion of the transaction, the insider now owns 18,933 shares of the company’s stock, valued at approximately $1,624,640.73. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Steven S. Heinrichs sold 6,010 shares of the firm’s stock in a transaction that occurred on Monday, February 27th. The shares were sold at an average price of $75.62, for a total value of $454,476.20. Following the transaction, the senior vice president now directly owns 16,293 shares of the company’s stock, valued at approximately $1,232,076.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 122,151 shares of company stock valued at $10,331,236. 2.00% of the stock is currently owned by company insiders.
About Neenah Paper
Neenah Paper, Inc has two principal operations, technical products business, and fine paper and packaging business. The Company’s segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of fiber-formed, coated and/or saturated specialized media, which includes filtration media (Filtration), tape and abrasives backings products (Backings), and durable label and specialty substrate products (Specialty).
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