State Street Corp Purchases 32,125 Shares of Matthews International Corporation (MATW)

State Street Corp raised its position in Matthews International Corporation (NASDAQ:MATW) by 4.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 785,834 shares of the company’s stock after buying an additional 32,125 shares during the quarter. State Street Corp owned about 2.44% of Matthews International Corporation worth $48,137,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Matthews International Corporation by 0.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,105,791 shares of the company’s stock valued at $190,229,000 after buying an additional 24,754 shares during the period. Clarkston Capital Partners LLC increased its stake in Matthews International Corporation by 0.5% in the 2nd quarter. Clarkston Capital Partners LLC now owns 1,077,161 shares of the company’s stock valued at $65,976,000 after buying an additional 5,245 shares during the period. Channing Capital Management LLC increased its stake in Matthews International Corporation by 2.3% in the 2nd quarter. Channing Capital Management LLC now owns 785,667 shares of the company’s stock valued at $48,122,000 after buying an additional 18,004 shares during the period. FMR LLC increased its stake in Matthews International Corporation by 14.3% in the 2nd quarter. FMR LLC now owns 764,748 shares of the company’s stock valued at $46,841,000 after buying an additional 95,500 shares during the period. Finally, Voya Investment Management LLC increased its stake in Matthews International Corporation by 117.3% in the 2nd quarter. Voya Investment Management LLC now owns 395,018 shares of the company’s stock valued at $24,195,000 after buying an additional 213,201 shares during the period. 77.90% of the stock is currently owned by institutional investors.

Matthews International Corporation (NASDAQ MATW) opened at $61.65 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.51 and a current ratio of 2.13. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of 17.49 and a beta of 1.12.

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Several equities analysts have issued reports on MATW shares. Zacks Investment Research raised shares of Matthews International Corporation from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. BidaskClub cut shares of Matthews International Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Finally, FBR & Co reaffirmed an “outperform” rating on shares of Matthews International Corporation in a research note on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Matthews International Corporation presently has an average rating of “Hold” and a consensus target price of $83.50.

Matthews International Corporation 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).

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Institutional Ownership by Quarter for Matthews International Corporation (NASDAQ:MATW)

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