Dimensional Fund Advisors LP Purchases 83,860 Shares of Matthews International Corporation $MATW

Dimensional Fund Advisors LP lifted its position in Matthews International Corporation (NASDAQ:MATWFree Report) by 5.5% in the first quarter, Holdings Channel.com reports. The firm owned 1,614,201 shares of the company’s stock after purchasing an additional 83,860 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.05% of Matthews International worth $41,677,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of MATW. Ameriprise Financial Inc. raised its holdings in shares of Matthews International by 9.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,664,426 shares of the company’s stock valued at $39,796,000 after buying an additional 137,015 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in Matthews International by 9.7% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,554,105 shares of the company’s stock worth $40,593,000 after buying an additional 136,794 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Matthews International by 2.4% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,100,957 shares of the company’s stock worth $27,832,000 after buying an additional 25,478 shares in the last quarter. Private Capital Management LLC grew its position in Matthews International by 201.1% during the fourth quarter. Private Capital Management LLC now owns 1,018,587 shares of the company’s stock valued at $26,605,000 after acquiring an additional 680,256 shares during the last quarter. Finally, Barington Companies Management LLC grew its position in Matthews International by 9.6% during the fourth quarter. Barington Companies Management LLC now owns 1,000,000 shares of the company’s stock valued at $26,120,000 after acquiring an additional 87,196 shares during the last quarter. 83.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on Matthews International

Matthews International Trading Up 1.2%

Shares of MATW stock opened at $28.07 on Tuesday. The stock has a market capitalization of $875.84 million, a PE ratio of 90.55 and a beta of 1.08. Matthews International Corporation has a 1-year low of $21.95 and a 1-year 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 moving average of $26.75 and a 200 day moving average of $26.61.

Matthews International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, August 10th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, August 10th. Matthews International’s dividend payout ratio is currently 329.03%.

Matthews International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Matthews International (NASDAQ:MATW)

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