KBC Group NV increased its holdings in Matthews International Corp (NASDAQ:MATW) by 803.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,280 shares of the company’s stock after buying an additional 5,585 shares during the quarter. KBC Group NV’s holdings in Matthews International were worth $332,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in Matthews International in the 3rd quarter worth approximately $159,000. Neuberger Berman Group LLC acquired a new position in Matthews International in the 3rd quarter worth approximately $213,000. FDx Advisors Inc. acquired a new position in Matthews International in the 3rd quarter worth approximately $221,000. Cubist Systematic Strategies LLC acquired a new position in Matthews International in the 2nd quarter worth approximately $220,000. Finally, CIBC Asset Management Inc acquired a new position in Matthews International in the 4th quarter worth approximately $217,000. Institutional investors own 76.59% of the company’s stock.
Shares of Matthews International Corp (MATW) opened at $51.25 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.10 and a quick ratio of 1.48. Matthews International Corp has a 52-week low of $50.10 and a 52-week high of $72.60. The company has a market capitalization of $1,690.46, a P/E ratio of 14.58 and a beta of 1.11.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 19th. Shareholders of record on Monday, February 5th were given a $0.19 dividend. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $0.76 annualized dividend and a yield of 1.48%. Matthews International’s dividend payout ratio is presently 24.76%.
In related news, Director Tunon Alvaro Garcia acquired 1,000 shares of the stock in a transaction on Monday, February 5th. The shares were acquired at an average price of $52.00 per share, for a total transaction of $52,000.00. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, VP Robert M. Marsh acquired 3,000 shares of the stock in a transaction on Tuesday, January 30th. The stock was bought at an average price of $55.50 per share, for a total transaction of $166,500.00. Following the transaction, the vice president now owns 16,207 shares in the company, valued at approximately $899,488.50. The disclosure for this purchase can be found here. Corporate insiders own 3.80% of the company’s stock.
Several equities analysts recently weighed in on MATW shares. B. Riley reiterated a “buy” rating and issued a $92.00 price target on shares of Matthews International in a report on Monday, November 20th. BidaskClub downgraded shares of Matthews International from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Finally, ValuEngine lowered Matthews International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Matthews International has an average rating of “Hold” and a consensus target price of $83.50.
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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