Matthews International Co. (NASDAQ:MATW) Shares Acquired by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of Matthews International Co. (NASDAQ:MATW - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 340,785 shares of the company's stock after buying an additional 27,348 shares during the quarter. Northern Trust Corp owned approximately 1.10% of Matthews International worth $9,433,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MATW. Quadrant Capital Group LLC boosted its position in Matthews International by 551.8% during the 4th quarter. Quadrant Capital Group LLC now owns 906 shares of the company's stock valued at $25,000 after acquiring an additional 767 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Matthews International by 797.2% during the 4th quarter. Sterling Capital Management LLC now owns 951 shares of the company's stock worth $26,000 after purchasing an additional 845 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Matthews International by 1,865.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,500 shares of the company's stock valued at $125,000 after purchasing an additional 4,271 shares in the last quarter. AlphaQuest LLC purchased a new position in Matthews International in the fourth quarter valued at about $154,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Matthews International in the fourth quarter valued at about $155,000. Institutional investors own 83.08% of the company's stock.

Matthews International Stock Down 2.5%

Shares of MATW stock traded down $0.52 during mid-day trading on Wednesday, hitting $20.18. 224,947 shares of the stock traded hands, compared to its average volume of 199,362. Matthews International Co. has a 52-week low of $18.50 and a 52-week high of $32.24. The stock has a market cap of $625.76 million, a P/E ratio of -10.24 and a beta of 1.20. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.58 and a quick ratio of 0.96. The stock's fifty day moving average is $20.93 and its two-hundred day moving average is $25.06.

Matthews International (NASDAQ:MATW - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.02). The firm had revenue of $427.63 million for the quarter, compared to the consensus estimate of $435.62 million. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 26th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.00 annualized dividend and a dividend yield of 4.96%. Matthews International's dividend payout ratio is presently -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.