Matthews International Corporation (NASDAQ:MATW) Stock Holdings Lifted by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its stake in Matthews International Corporation (NASDAQ:MATW - Free Report) by 15.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,879 shares of the company's stock after acquiring an additional 29,720 shares during the period. New York State Common Retirement Fund owned 0.73% of Matthews International worth $5,001,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Matthews International by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 3,461,134 shares of the company's stock worth $95,804,000 after acquiring an additional 18,425 shares during the last quarter. Ameriprise Financial Inc. increased its position in Matthews International by 10.0% in the fourth quarter. Ameriprise Financial Inc. now owns 1,854,343 shares of the company's stock worth $51,328,000 after buying an additional 168,970 shares in the last quarter. Phoenix Financial Ltd. grew its position in shares of Matthews International by 1.9% during the fourth quarter. Phoenix Financial Ltd. now owns 1,523,362 shares of the company's stock worth $42,167,000 after purchasing an additional 28,189 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Matthews International by 19.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 929,753 shares of the company's stock valued at $20,352,000 after purchasing an additional 148,161 shares during the last quarter. Finally, Palisade Capital Management LP lifted its stake in shares of Matthews International by 12.0% during the 1st quarter. Palisade Capital Management LP now owns 654,062 shares of the company's stock worth $14,546,000 after acquiring an additional 70,078 shares during the last quarter. 83.08% of the stock is owned by institutional investors and hedge funds.

Matthews International Stock Up 1.5%

MATW stock traded up $0.38 on Tuesday, hitting $25.02. 184,063 shares of the company's stock were exchanged, compared to its average volume of 204,859. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.09 and a current ratio of 1.59. The firm has a 50 day moving average price of $22.67 and a two-hundred day moving average price of $23.64. The stock has a market cap of $775.87 million, a P/E ratio of -9.81 and a beta of 1.27. Matthews International Corporation has a 12-month low of $18.50 and a 12-month high of $32.24.

Matthews International (NASDAQ:MATW - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). The business had revenue of $427.63 million during the quarter, compared to analysts' expectations of $435.62 million. Matthews International had a negative net margin of 4.62% and a positive return on equity of 11.04%. As a group, equities research analysts expect that Matthews International Corporation will post 1.73 EPS for the current fiscal year.

Matthews International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 26th. Stockholders of record on Monday, May 12th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend was Monday, May 12th. Matthews International's dividend payout ratio (DPR) is -39.22%.

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.