Teacher Retirement System of Texas acquired a new stake in Matthews International Corp (NASDAQ:MATW) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,938 shares of the company’s stock, valued at approximately $578,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Matthews International in the 3rd quarter valued at $159,000. Neuberger Berman Group LLC acquired a new position in Matthews International in the 3rd quarter valued at $213,000. FDx Advisors Inc. acquired a new position in Matthews International in the 3rd quarter valued at $221,000. CIBC Asset Management Inc acquired a new position in Matthews International in the 4th quarter valued at $217,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Matthews International in the 3rd quarter valued at $432,000. 80.79% of the stock is currently owned by institutional investors.
Matthews International Corp (MATW) opened at $54.35 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.48 and a current ratio of 2.10. Matthews International Corp has a 12 month low of $50.10 and a 12 month high of $72.60. The firm has a market cap of $1,769.58, a price-to-earnings ratio of 15.27 and a beta of 1.15.
The business also recently declared a quarterly dividend, which was paid on Monday, February 19th. Stockholders of record on Monday, February 5th were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.40%. Matthews International’s dividend payout ratio (DPR) is presently 24.76%.
In related news, VP Robert M. Marsh purchased 3,000 shares of the stock in a transaction dated Tuesday, January 30th. The shares were acquired at an average cost of $55.50 per share, with a total value of $166,500.00. Following the purchase, the vice president now directly owns 16,207 shares in the company, valued at approximately $899,488.50. The acquisition was disclosed in a document filed 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 bought at an average cost of $52.00 per share, for a total transaction of $52,000.00. The disclosure for this purchase can be found here. Corporate insiders own 3.80% of the company’s stock.
MATW has been the topic of several recent research reports. B. Riley reissued a “buy” rating and issued a $92.00 price objective on shares of Matthews International in a research note on Monday, November 20th. BidaskClub cut shares of Matthews International from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 12th. ValuEngine cut shares of Matthews International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Wellington Shields raised shares of Matthews International from a “hold” rating to a “gradually accumulate” rating in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $83.50.
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Matthews International 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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