Prudential Financial Inc. decreased its holdings in Matthews International Corp (NASDAQ:MATW) by 12.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 72,664 shares of the company’s stock after selling 10,424 shares during the period. Prudential Financial Inc. owned approximately 0.23% of Matthews International worth $2,952,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Smithfield Trust Co. raised its holdings in Matthews International by 133.3% in the fourth quarter. Smithfield Trust Co. now owns 700 shares of the company’s stock valued at $28,000 after buying an additional 400 shares during the period. Bahl & Gaynor Inc. raised its holdings in Matthews International by 3.3% in the third quarter. Bahl & Gaynor Inc. now owns 40,027 shares of the company’s stock valued at $2,007,000 after buying an additional 1,265 shares during the period. Teachers Advisors LLC raised its holdings in Matthews International by 2.2% in the third quarter. Teachers Advisors LLC now owns 60,995 shares of the company’s stock valued at $3,059,000 after buying an additional 1,326 shares during the period. Xact Kapitalforvaltning AB raised its holdings in Matthews International by 24.9% in the fourth quarter. Xact Kapitalforvaltning AB now owns 8,530 shares of the company’s stock valued at $346,000 after buying an additional 1,700 shares during the period. Finally, Quantamental Technologies LLC purchased a new position in Matthews International in the fourth quarter valued at approximately $85,000. Hedge funds and other institutional investors own 83.19% of the company’s stock.
MATW has been the topic of several research reports. Zacks Investment Research upgraded shares of Matthews International from a “sell” rating to a “hold” rating in a report on Tuesday, January 22nd. Wellington Shields lowered shares of Matthews International from a “buy” rating to a “hold” rating in a report on Friday, February 1st. BidaskClub lowered shares of Matthews International from a “hold” rating to a “sell” rating in a report on Thursday. Finally, B. Riley cut their price target on shares of Matthews International from $92.00 to $80.00 and set a “buy” rating on the stock in a report on Monday, November 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $66.00.
MATW opened at $37.47 on Friday. The company has a market cap of $1.22 billion, a PE ratio of 9.46 and a beta of 1.10. Matthews International Corp has a 52-week low of $37.06 and a 52-week high of $61.25. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.42 and a current ratio of 2.04.
Matthews International (NASDAQ:MATW) last posted its quarterly earnings data on Thursday, January 31st. The company reported $0.50 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $374.18 million for the quarter, compared to analyst estimates of $358.55 million. Matthews International had a net margin of 4.68% and a return on equity of 14.35%. Equities research analysts predict that Matthews International Corp will post 4.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 18th. Stockholders of record on Monday, February 4th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, February 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.14%. Matthews International’s dividend payout ratio is currently 20.20%.
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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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