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

Aristotle Capital Boston LLC reduced its position in Matthews International Corporation (NASDAQ:MATW) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 596,534 shares of the company’s stock after selling 20,970 shares during the quarter. Aristotle Capital Boston LLC’s holdings in Matthews International were worth $15,581,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. US Bancorp DE boosted its holdings in shares of Matthews International by 45.9% in the third quarter. US Bancorp DE now owns 2,063 shares of the company’s stock valued at $50,000 after acquiring an additional 649 shares during the period. Potomac Capital Management Inc. acquired a new stake in shares of Matthews International in the fourth quarter valued at approximately $59,000. Tower Research Capital LLC TRC boosted its holdings in shares of Matthews International by 187.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,885 shares of the company’s stock valued at $69,000 after acquiring an additional 1,880 shares during the period. Tripletail Wealth Management LLC boosted its holdings in shares of Matthews International by 206.5% in the fourth quarter. Tripletail Wealth Management LLC now owns 2,820 shares of the company’s stock valued at $73,000 after acquiring an additional 1,900 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Matthews International by 51.6% in the second quarter. BNP Paribas Financial Markets now owns 3,080 shares of the company’s stock valued at $74,000 after acquiring an additional 1,048 shares during the period. 83.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MATW. Weiss Ratings downgraded Matthews International from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. Zacks Research upgraded Matthews International from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. Finally, Wall Street Zen cut Matthews International from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce”.

Matthews International Price Performance

Matthews International stock opened at $25.49 on Thursday. Matthews International Corporation has a 12 month low of $20.74 and a 12 month high of $30.93. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.64 and a quick ratio of 0.97. The business has a 50 day simple moving average of $26.97 and a 200-day simple moving average of $26.44. The stock has a market capitalization of $795.29 million, a PE ratio of 82.23 and a beta of 1.08.

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

Matthews International Announces Dividend

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

About Matthews International

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.