Smithfield Trust Co. raised its holdings in Matthews International Corp (NASDAQ:MATW) by 133.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 700 shares of the company’s stock after buying an additional 400 shares during the quarter. Smithfield Trust Co.’s holdings in Matthews International were worth $28,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Matthews International by 3.4% during the 3rd quarter. BlackRock Inc. now owns 4,564,558 shares of the company’s stock valued at $228,913,000 after acquiring an additional 150,524 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Matthews International by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 3,356,290 shares of the company’s stock valued at $168,318,000 after purchasing an additional 52,096 shares during the last quarter. Vanguard Group Inc raised its stake in Matthews International by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 3,356,290 shares of the company’s stock worth $168,318,000 after acquiring an additional 52,096 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Matthews International by 8.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,595,494 shares of the company’s stock worth $80,014,000 after acquiring an additional 124,316 shares during the last quarter. Finally, Clarkston Capital Partners LLC raised its stake in shares of Matthews International by 4.0% during the 4th quarter. Clarkston Capital Partners LLC now owns 1,497,956 shares of the company’s stock valued at $60,847,000 after buying an additional 57,885 shares during the last quarter. Institutional investors own 84.74% of the company’s stock.
In other news, insider David A. Schawk purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were purchased at an average price of $40.93 per share, with a total value of $40,930.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 3.70% of the company’s stock.
Shares of Matthews International stock opened at $41.24 on Monday. Matthews International Corp has a 12-month low of $37.06 and a 12-month high of $61.25. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.04 and a quick ratio of 1.42. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 10.41 and a beta of 1.10.
Matthews International (NASDAQ:MATW) last released its quarterly earnings results on Thursday, January 31st. The company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. Matthews International had a net margin of 4.68% and a return on equity of 14.35%. The business had revenue of $374.18 million for the quarter, compared to analyst estimates of $358.55 million. As a group, sell-side analysts predict that Matthews International Corp will post 4.17 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, February 18th. Stockholders of record on Monday, February 4th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Friday, February 1st. Matthews International’s dividend payout ratio is presently 20.20%.
MATW has been the topic of several recent research reports. Wellington Shields cut Matthews International from a “buy” rating to a “hold” rating in a report on Friday, February 1st. BidaskClub lowered Matthews International from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Finally, Zacks Investment Research upgraded shares of Matthews International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $66.00.
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Matthews International Profile
Matthews International Corporation provides brand solutions, memorialization products, and industrial products worldwide. The company's SGK Brand Solutions segment provides brand development and graphic design services, such as visual intellectual properties, packaging, and content creation; brand deployment and activation services, including design and production of merchandising exhibits and shopper experiences in digital and printed media channels; and consulting services to brand owners on workflow best practices, management and technologies, printing quality, measurement, and consistency.
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