Semanteon Capital Management LP Buys Shares of 11,027 Matthews International Co. (NASDAQ:MATW)

Semanteon Capital Management LP bought a new stake in Matthews International Co. (NASDAQ:MATW) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,027 shares of the company’s stock, valued at approximately $404,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Swiss National Bank grew its stake in Matthews International by 1.0% in the third quarter. Swiss National Bank now owns 63,596 shares of the company’s stock valued at $2,475,000 after acquiring an additional 600 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of Matthews International by 1.2% in the fourth quarter. New York State Teachers Retirement System now owns 63,068 shares of the company’s stock valued at $2,311,000 after purchasing an additional 735 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Matthews International by 17.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,841 shares of the company’s stock valued at $214,000 after purchasing an additional 879 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Matthews International by 8.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,113 shares of the company’s stock valued at $510,000 after purchasing an additional 977 shares in the last quarter. Finally, Strs Ohio lifted its holdings in shares of Matthews International by 5.5% in the third quarter. Strs Ohio now owns 19,100 shares of the company’s stock valued at $743,000 after purchasing an additional 1,000 shares in the last quarter. 83.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MATW has been the topic of a number of research reports. StockNews.com lowered Matthews International from a “buy” rating to a “hold” rating in a report on Friday, February 9th. B. Riley cut their price target on Matthews International from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Monday, February 5th.

Matthews International Stock Down 1.5 %

MATW traded down $0.40 on Friday, hitting $27.15. 91,531 shares of the company were exchanged, compared to its average volume of 155,202. Matthews International Co. has a 12 month low of $25.42 and a 12 month high of $48.86. The company has a market cap of $832.96 million, a PE ratio of 25.99 and a beta of 1.12. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.15 and a current ratio of 1.88. The stock’s fifty day moving average is $28.46 and its 200-day moving average is $32.85.

Matthews International (NASDAQ:MATW) last released its earnings results on Thursday, February 1st. The company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. Matthews International had a return on equity of 16.44% and a net margin of 1.77%. The business had revenue of $449.99 million for the quarter, compared to analyst estimates of $437.77 million. Equities research analysts predict that Matthews International Co. will post 2.6 EPS for the current fiscal year.

Matthews International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $0.96 annualized dividend and a yield of 3.54%. Matthews International’s payout ratio is presently 90.57%.

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.