Matthews International Corp (NASDAQ:MATW) insider David A. Schawk purchased 1,000 shares of the company’s stock in a transaction on Tuesday, November 20th. The stock was acquired at an average cost of $40.93 per share, for a total transaction of $40,930.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NASDAQ MATW traded up $1.65 during mid-day trading on Wednesday, hitting $42.82. 20,447 shares of the stock traded hands, compared to its average volume of 153,099. The company has a quick ratio of 1.45, a current ratio of 2.05 and a debt-to-equity ratio of 1.20. Matthews International Corp has a 52 week low of $39.74 and a 52 week high of $61.25. The firm has a market capitalization of $1.32 billion, a PE ratio of 10.80 and a beta of 1.18.

Matthews International (NASDAQ:MATW) last announced its quarterly earnings data on Thursday, November 15th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.21 by $0.02. The business had revenue of $407.44 million during the quarter, compared to analysts’ expectations of $398.03 million. Matthews International had a return on equity of 15.08% and a net margin of 6.70%. On average, research analysts anticipate that Matthews International Corp will post 4.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be paid a dividend of $0.20 per share. This is a boost from Matthews International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 1.87%. Matthews International’s payout ratio is presently 19.19%.

Several equities analysts have issued reports on the company. Zacks Investment Research lowered Matthews International from a “hold” rating to a “sell” rating in a research note on Wednesday. B. Riley dropped their price target on Matthews International from $92.00 to $80.00 and set a “buy” rating on the stock in a research report on Monday. Buckingham Research assumed coverage on Matthews International in a research report on Tuesday, October 2nd. They set a “buy” rating and a $61.00 price target on the stock. ValuEngine lowered Matthews International from a “sell” rating to a “strong sell” rating in a research report on Monday, September 24th. Finally, BidaskClub lowered Matthews International from a “sell” rating to a “strong sell” rating in a research report on Thursday, September 13th. Three research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $66.00.

Large investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Matthews International by 3.4% in the third quarter. BlackRock Inc. now owns 4,564,558 shares of the company’s stock worth $228,913,000 after purchasing an additional 150,524 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Matthews International by 8.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,595,494 shares of the company’s stock worth $80,014,000 after purchasing an additional 124,316 shares during the last quarter. Voya Investment Management LLC raised its stake in shares of Matthews International by 1.6% in the second quarter. Voya Investment Management LLC now owns 582,440 shares of the company’s stock worth $34,248,000 after purchasing an additional 9,149 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Matthews International by 2.1% in the third quarter. Bank of New York Mellon Corp now owns 495,287 shares of the company’s stock worth $24,839,000 after purchasing an additional 10,206 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Matthews International by 58.5% in the third quarter. Nordea Investment Management AB now owns 318,175 shares of the company’s stock worth $15,957,000 after purchasing an additional 117,453 shares during the last quarter. Institutional investors and hedge funds own 81.84% of the company’s stock.

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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.

See Also: Intrinsic Value

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