Matthews International Co. (NASDAQ:MATW) Shares Purchased by Barclays PLC

Barclays PLC raised its position in Matthews International Co. (NASDAQ:MATW) by 375.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,823 shares of the company’s stock after purchasing an additional 41,711 shares during the quarter. Barclays PLC owned about 0.17% of Matthews International worth $1,225,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in Matthews International by 7.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,602 shares of the company’s stock worth $153,000 after buying an additional 471 shares in the last quarter. KBC Group NV boosted its position in Matthews International by 63.7% during the 3rd quarter. KBC Group NV now owns 1,937 shares of the company’s stock worth $45,000 after acquiring an additional 754 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Matthews International by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 15,707 shares of the company’s stock worth $393,000 after purchasing an additional 1,013 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Matthews International in the second quarter worth $49,000. Finally, Inspire Investing LLC increased its holdings in shares of Matthews International by 20.0% during the second quarter. Inspire Investing LLC now owns 15,590 shares of the company’s stock valued at $391,000 after purchasing an additional 2,598 shares during the period. Institutional investors and hedge funds own 83.08% of the company’s stock.

Wall Street Analyst Weigh In

Separately, B. Riley reduced their price objective on shares of Matthews International from $54.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, September 26th.

Matthews International Price Performance

NASDAQ MATW opened at $27.77 on Monday. Matthews International Co. has a 12 month low of $21.09 and a 12 month high of $38.45. The firm has a market capitalization of $849.82 million, a PE ratio of -14.39 and a beta of 1.13. The company’s 50 day simple moving average is $26.69 and its 200 day simple moving average is $25.41. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.45 and a quick ratio of 0.91.

Matthews International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from Matthews International’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 3.60%. Matthews International’s dividend payout ratio (DPR) is -51.81%.

About Matthews International

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.