Neenah Paper, Inc. (NP) Insider John P. O’donnell Sells 5,424 Shares of Stock
Neenah Paper, Inc. (NYSE:NP) insider John P. O’donnell sold 5,424 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $91.50, for a total transaction of $496,296.00. Following the transaction, the insider now owns 82,390 shares in the company, valued at approximately $7,538,685. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Neenah Paper, Inc. (NYSE:NP) opened at $91.70 on Wednesday. Neenah Paper, Inc. has a 12 month low of $72.35 and a 12 month high of $93.10. The company has a current ratio of 2.52, a quick ratio of 1.44 and a debt-to-equity ratio of 0.56. The company has a market cap of $1,540.00, a P/E ratio of 20.15, a P/E/G ratio of 4.40 and a beta of 1.27.
Neenah Paper (NYSE:NP) last posted its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $1.02 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.01. Neenah Paper had a net margin of 8.13% and a return on equity of 20.48%. The business had revenue of $245.10 million for the quarter, compared to analyst estimates of $240.60 million. During the same quarter last year, the business earned $0.99 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. research analysts expect that Neenah Paper, Inc. will post 4.19 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Investors of record on Friday, November 17th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.61%. Neenah Paper’s dividend payout ratio is presently 32.53%.
Neenah Paper announced that its Board of Directors has initiated a share repurchase plan on Wednesday, November 29th that authorizes the company to buyback $25.00 million in shares. This buyback authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
Separately, DA Davidson reiterated a “neutral” rating on shares of Neenah Paper in a research note on Thursday, November 9th.
Several large investors have recently modified their holdings of NP. Aberdeen Asset Management PLC UK acquired a new position in Neenah Paper in the second quarter valued at about $36,785,000. Janus Henderson Group PLC acquired a new position in Neenah Paper in the third quarter valued at about $19,533,000. Macquarie Group Ltd. boosted its position in Neenah Paper by 33.8% in the second quarter. Macquarie Group Ltd. now owns 585,928 shares of the basic materials company’s stock valued at $47,021,000 after buying an additional 147,915 shares in the last quarter. Shell Asset Management Co. acquired a new position in Neenah Paper in the third quarter valued at about $3,020,000. Finally, Wells Fargo & Company MN boosted its position in Neenah Paper by 5.9% in the second quarter. Wells Fargo & Company MN now owns 841,177 shares of the basic materials company’s stock valued at $67,505,000 after buying an additional 46,719 shares in the last quarter. 89.82% of the stock is owned by institutional investors.
About Neenah Paper
Neenah Paper, Inc is a producer of technical products and premium fine papers and packaging. The Company has two primary businesses: technical products business, and fine paper and packaging business. Its segments consist of Technical Products, Fine Paper and Packaging, and Other. The technical products business is an international producer of transportation, water and other filter media and durable, saturated and coated substrates.
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