Suffolk Capital Management LLC purchased a new stake in Matthews International Corp (NASDAQ:MATW) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,342 shares of the company’s stock, valued at approximately $810,000.
Other large investors also recently bought and sold shares of the company. New York State Common Retirement Fund increased its holdings in shares of Matthews International by 5.4% in the third quarter. New York State Common Retirement Fund now owns 67,408 shares of the company’s stock valued at $4,196,000 after purchasing an additional 3,463 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Matthews International by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,263,962 shares of the company’s stock worth $78,682,000 after acquiring an additional 6,103 shares during the period. Schwab Charles Investment Management Inc. grew its position in Matthews International by 4.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 182,915 shares of the company’s stock worth $11,387,000 after acquiring an additional 7,684 shares during the period. Foundry Partners LLC grew its position in Matthews International by 3.3% in the fourth quarter. Foundry Partners LLC now owns 142,197 shares of the company’s stock worth $7,508,000 after acquiring an additional 4,481 shares during the period. Finally, BNP Paribas Arbitrage SA grew its position in Matthews International by 54.8% in the third quarter. BNP Paribas Arbitrage SA now owns 16,855 shares of the company’s stock worth $1,049,000 after acquiring an additional 5,966 shares during the period. 77.61% of the stock is owned by hedge funds and other institutional investors.
In other news, VP Robert M. Marsh purchased 3,000 shares of the stock in a transaction dated Tuesday, January 30th. The stock was acquired at an average cost of $55.50 per share, for a total transaction of $166,500.00. Following the completion of the transaction, the vice president now directly owns 16,207 shares in the company, valued at approximately $899,488.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Tunon Alvaro Garcia purchased 1,000 shares of the stock in a transaction dated Monday, February 5th. The shares were purchased at an average price of $52.00 per share, with a total value of $52,000.00. The disclosure for this purchase can be found here. Company insiders own 3.80% of the company’s stock.
Several research analysts recently weighed in on the company. BidaskClub upgraded Matthews International from a “strong sell” rating to a “sell” rating in a research report on Friday, January 26th. ValuEngine lowered Matthews International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, B. Riley reiterated a “buy” rating and issued a $92.00 price objective on shares of Matthews International in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $83.50.
Matthews International Corp (MATW) opened at $53.55 on Friday. The firm has a market capitalization of $1,713.07, a P/E ratio of 14.78 and a beta of 1.11. Matthews International Corp has a 52-week low of $50.10 and a 52-week high of $72.60. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.10 and a quick ratio of 1.48.
Matthews International (NASDAQ:MATW) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.06. The company had revenue of $369.50 million during the quarter, compared to analyst estimates of $355.84 million. Matthews International had a return on equity of 15.09% and a net margin of 6.46%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 earnings per share. analysts anticipate that Matthews International Corp will post 3.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 19th. Investors of record on Monday, February 5th will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $0.76 annualized dividend and a yield of 1.42%. Matthews International’s payout ratio is 24.76%.
Matthews International Company Profile
Matthews International Corporation is a provider of brand solutions, memorialization products and industrial technologies. The Company operates through three segments: SGK Brand Solutions, Memorialization and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment and delivery (consisting of brand management, printing plates and cylinders, pre-media services and imaging services for consumer packaged goods and retail customers, merchandising display systems, and marketing and design services).
Want to see what other hedge funds are holding MATW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Matthews International Corp (NASDAQ:MATW).
Receive News & Ratings for Matthews International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Matthews International and related companies with MarketBeat.com's FREE daily email newsletter.