Amundi Buys 13,387 Shares of Matthews International Co. (NASDAQ:MATW)

Amundi raised its holdings in Matthews International Co. (NASDAQ:MATW) by 212.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,682 shares of the company’s stock after buying an additional 13,387 shares during the quarter. Amundi owned about 0.06% of Matthews International worth $545,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Arizona State Retirement System purchased a new stake in Matthews International in the fourth quarter valued at about $233,000. Smartleaf Asset Management LLC raised its stake in shares of Matthews International by 1,865.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,500 shares of the company’s stock worth $125,000 after purchasing an additional 4,271 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Matthews International by 10.0% in the fourth quarter. Bank of New York Mellon Corp now owns 375,855 shares of the company’s stock worth $10,404,000 after purchasing an additional 34,064 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Matthews International by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 195,159 shares of the company’s stock worth $5,402,000 after purchasing an additional 5,892 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Matthews International by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 148,323 shares of the company’s stock worth $4,106,000 after purchasing an additional 4,137 shares during the last quarter. 83.08% of the stock is currently owned by hedge funds and other institutional investors.

Matthews International Trading Up 0.3 %

Shares of NASDAQ:MATW opened at $23.15 on Friday. Matthews International Co. has a 52-week low of $21.09 and a 52-week high of $32.24. The stock has a market cap of $716.93 million, a price-to-earnings ratio of -11.75 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 1.58 and a debt-to-equity ratio of 1.94. The business has a 50-day moving average price of $26.33 and a 200-day moving average price of $25.76.

Matthews International (NASDAQ:MATW) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.12). Matthews International had a positive return on equity of 12.88% and a negative net margin of 3.48%. Equities analysts predict that Matthews International Co. will post 1.73 EPS for the current year.

Matthews International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 10th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.32%. The ex-dividend date was Monday, February 10th. Matthews International’s dividend payout ratio is currently -50.76%.

Matthews International Company Profile

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.