Teachers Advisors LLC raised its holdings in Matthews International Corp (NASDAQ:MATW) by 2.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,995 shares of the company’s stock after acquiring an additional 1,326 shares during the quarter. Teachers Advisors LLC’s holdings in Matthews International were worth $3,059,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of MATW. Rutabaga Capital Management LLC MA lifted its holdings in Matthews International by 124.0% in the 3rd quarter. Rutabaga Capital Management LLC MA now owns 308,921 shares of the company’s stock valued at $15,492,000 after acquiring an additional 170,992 shares during the last quarter. BlackRock Inc. lifted its holdings in Matthews International by 3.4% in 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 valued at $80,014,000 after acquiring an additional 124,316 shares during the last quarter. Aristotle Capital Boston LLC lifted its holdings in Matthews International by 13.8% in the 3rd quarter. Aristotle Capital Boston LLC now owns 289,143 shares of the company’s stock valued at $14,501,000 after acquiring an additional 35,003 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in Matthews International by 551.4% in the 3rd quarter. GSA Capital Partners LLP now owns 40,840 shares of the company’s stock valued at $2,048,000 after acquiring an additional 34,570 shares during the last quarter. 84.74% of the stock is owned by institutional investors.
MATW stock opened at $40.85 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 2.04 and a debt-to-equity ratio of 1.11. Matthews International Corp has a one year low of $37.06 and a one year high of $61.25. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 10.32 and a beta of 1.10.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 18th. Shareholders of record on Monday, February 4th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, February 1st. Matthews International’s dividend payout ratio is presently 20.20%.
In other news, insider David A. Schawk acquired 1,000 shares of Matthews International stock in a transaction on Tuesday, November 20th. The stock was bought at an average cost of $40.93 per share, with a total value of $40,930.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.70% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on MATW shares. B. Riley cut their price target on shares of Matthews International from $92.00 to $80.00 and set a “buy” rating for the company in a report on Monday, November 19th. BidaskClub raised shares of Matthews International from a “hold” rating to a “buy” rating in a report on Saturday, January 12th. Wellington Shields downgraded shares of Matthews International from a “buy” rating to a “hold” rating in a report on Friday, February 1st. Finally, Zacks Investment Research raised shares of Matthews International from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price 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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