Matthews International Corporation $MATW Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC cut its stake in shares of Matthews International Corporation (NASDAQ:MATW) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 596,534 shares of the company’s stock after selling 20,970 shares during the quarter. Aristotle Capital Boston LLC owned approximately 1.92% of Matthews International worth $15,581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MATW. US Bancorp DE grew its position in shares of Matthews International by 45.9% during the third quarter. US Bancorp DE now owns 2,063 shares of the company’s stock worth $50,000 after buying an additional 649 shares in the last quarter. Potomac Capital Management Inc. acquired a new position in shares of Matthews International during the fourth quarter worth about $59,000. Tower Research Capital LLC TRC grew its position in shares of Matthews International by 187.1% during the second quarter. Tower Research Capital LLC TRC now owns 2,885 shares of the company’s stock worth $69,000 after buying an additional 1,880 shares in the last quarter. Tripletail Wealth Management LLC grew its position in shares of Matthews International by 206.5% during the fourth quarter. Tripletail Wealth Management LLC now owns 2,820 shares of the company’s stock worth $73,000 after buying an additional 1,900 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Matthews International by 51.6% during the second quarter. BNP Paribas Financial Markets now owns 3,080 shares of the company’s stock worth $74,000 after buying an additional 1,048 shares in the last quarter. 83.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Zacks Research raised Matthews International from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings downgraded Matthews International from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen downgraded Matthews International from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Matthews International Stock Performance

Shares of MATW opened at $25.49 on Thursday. The stock has a 50 day moving average price of $26.97 and a 200 day moving average price of $26.44. The company has a quick ratio of 0.97, a current ratio of 1.64 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $795.29 million, a price-to-earnings ratio of 82.23 and a beta of 1.08. Matthews International Corporation has a 52-week low of $20.74 and a 52-week high of $30.93.

Matthews International (NASDAQ:MATW) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.20. The firm had revenue of $258.62 million during the quarter, compared to the consensus estimate of $253.65 million. Matthews International had a return on equity of 5.88% and a net margin of 0.80%. Research analysts predict that Matthews International Corporation will post 1.09 EPS for the current fiscal year.

Matthews International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 25th. Stockholders of record on Monday, May 11th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, May 11th. Matthews International’s dividend payout ratio is presently 329.03%.

Matthews International Profile

Matthews International Corporation (NASDAQ:MATW) is a diversified industrial company headquartered in Pittsburgh, Pennsylvania. The company operates through two primary business segments—Brand Solutions and Memorialization—offering a broad range of products and services designed to meet the needs of industrial manufacturers, brand marketers and the funeral industry worldwide.

In its Brand Solutions segment, Matthews International provides engraving and digital printing systems, automated finishing equipment, thermal management products and electronics assembly solutions.