Ontario Teachers Pension Plan Board purchased a new stake in Matthews International Corp (NASDAQ:MATW) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 14,269 shares of the company’s stock, valued at approximately $839,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Toth Financial Advisory Corp increased its position in shares of Matthews International by 797.6% during the second quarter. Toth Financial Advisory Corp now owns 2,962 shares of the company’s stock worth $174,000 after acquiring an additional 2,632 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Matthews International during the second quarter worth about $211,000. Emerald Advisers Inc. PA bought a new stake in shares of Matthews International during the second quarter worth about $239,000. FDx Advisors Inc. bought a new stake in shares of Matthews International during the second quarter worth about $257,000. Finally, Koch Industries Inc. bought a new stake in shares of Matthews International during the first quarter worth about $250,000. 81.15% of the stock is owned by hedge funds and other institutional investors.

Shares of MATW stock opened at $52.25 on Friday. Matthews International Corp has a 52-week low of $47.70 and a 52-week high of $65.10. The company has a quick ratio of 1.45, a current ratio of 2.05 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 13.50 and a beta of 1.05.

Matthews International (NASDAQ:MATW) last issued its quarterly earnings data on Thursday, July 26th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.02. Matthews International had a net margin of 6.12% and a return on equity of 14.70%. The business had revenue of $411.62 million during the quarter, compared to the consensus estimate of $421.59 million. During the same period in the prior year, the firm posted $1.05 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. equities analysts expect that Matthews International Corp will post 3.9 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 13th. Shareholders of record on Monday, July 30th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date of this dividend was Friday, July 27th. Matthews International’s payout ratio is 21.11%.

MATW has been the subject of several recent research reports. BidaskClub raised shares of Matthews International from a “hold” rating to a “buy” rating in a research report on Tuesday, June 19th. Zacks Investment Research raised shares of Matthews International from a “hold” rating to a “buy” rating and set a $57.00 target price for the company in a research report on Wednesday, August 1st. TheStreet downgraded shares of Matthews International from a “b” rating to a “c+” rating in a research report on Monday, August 20th. Finally, ValuEngine raised shares of Matthews International from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. Matthews International currently has an average rating of “Hold” and an average target price of $74.50.

About Matthews International

Matthews International Corporation provides brand solutions, memorialization products, and industrial products in the United States, Central and South America, Canada, Europe, Australia, and Asia. It operates through three segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. The SGK Brand Solutions segment provides brand development, deployment, delivery, brand management, 3-D graphics renderings, pre-media graphics services, printing plates, gravure cylinders, steel bases, embossing tools, special purpose machinery, engineering assistance, print process assistance, print production management, digital asset management, content management, and package design services to brand owners and packaging manufacturers; and creative digital graphics services, as well as designs, engineers, manufactures, and executes merchandising and display systems.

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

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