Matthews International Corporation (NASDAQ:MATW) is expected to pay $0.17 on Dec 12, 2016. The indicated annual dividend is $0.68. Shareholders owning the stock before Nov 23, 2016 will be eligible to receive the payout. Based on Matthews International Corporation’s current price of $71.40, the dividend is 0.24%. This dividend’s record date is Nov 28, 2016 and the announcement date is Nov 18, 2016. The stock decreased 0.97% or $0.7 during the last trading session, hitting $71.4. Matthews International Corp (NASDAQ:MATW) has risen 38.91% since April 20, 2016 and is uptrending. It has outperformed by 34.35% the S&P500.
Matthews International Corporation is a designer, maker and marketer of memorialization products and brand solutions. The company has a market cap of $2.42 billion. The Company’s products and activities consist of six business divisions: Cemetery Products, Funeral Home Products, Cremation, Graphics Imaging, Marking and Fulfillment Systems, and Merchandising Solutions. It has a 34.97 P/E ratio. The Cemetery Products segment makes cast bronze and granite memorials and other memorialization products, cast and etched architectural products and is a builder of mausoleums in the United States.
Insitutional Activity: The institutional sentiment increased to 1.55 in 2016 Q2. Its up 0.58, from 0.97 in 2016Q1. The ratio is positive, as 9 funds sold all Matthews International Corp shares owned while 49 reduced positions. 10 funds bought stakes while 46 increased positions. They now own 25.53 million shares or 1.01% more from 25.27 million shares in 2016Q1.
Los Angeles Management & Equity Research last reported 0% of its portfolio in the stock. Great West Life Assurance Company Can last reported 4,581 shares in the company. Credit Agricole S A accumulated 40,200 shares or 0.01% of the stock. Ls Inv Advisors Ltd Liability Corporation last reported 0% of its portfolio in the stock. The New York-based Intll Grp Inc has invested 0% in Matthews International Corp (NASDAQ:MATW). Foundry Ptnrs Ltd Co holds 0.32% or 99,809 shares in its portfolio. Clarkston Ltd Company last reported 1.16 million shares in the company. Bryn Mawr Tru Comm, a Pennsylvania-based fund reported 26,106 shares. Legal And General Grp Inc Pcl accumulated 6,611 shares or 0% of the stock. The New York-based Qs Invsts Ltd has invested 0% in Matthews International Corp (NASDAQ:MATW). Envestnet Asset reported 7,883 shares or 0% of all its holdings. Comerica Bankshares holds 0.02% or 32,002 shares in its portfolio. Utd Capital Financial Advisers Lc accumulated 0% or 4,737 shares. Emerald Mutual Fund Advisers Trust accumulated 292,606 shares or 0.91% of the stock. Aqr Capital Mgmt Ltd Llc has 0% invested in the company for 8,884 shares.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 9 sales for $7.54 million net activity. 3,167 Matthews International Corp (NASDAQ:MATW) shares with value of $176,529 were sold by BECK DAVID F. SCHAWK DAVID A sold $909,526 worth of stock. $79,173 worth of Matthews International Corp (NASDAQ:MATW) was sold by Jensen Paul C. on Monday, August 1. Shares for $2.60M were sold by BARTOLACCI JOSEPH C on Monday, June 6. $1.19M worth of Matthews International Corp (NASDAQ:MATW) shares were sold by NICOLA STEVEN F. $284,066 worth of Matthews International Corp (NASDAQ:MATW) was sold by RAHILL PAUL F. Shares for $723,315 were sold by DUNN BRIAN J on Tuesday, June 14.
Matthews International Corp (NASDAQ:MATW) Ratings Coverage
Out of 2 analysts covering Matthews International (NASDAQ:MATW), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Matthews International has been the topic of 5 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Macquarie Research downgraded the stock to “Neutral” rating in Wednesday, November 4 report. The firm earned “Buy” rating on Friday, July 29 by Wunderlich. Macquarie Research maintained the stock with “Neutral” rating in Thursday, September 22 report. Wunderlich maintained the stock with “Buy” rating in Monday, November 21 report.
More recent Matthews International Corp (NASDAQ:MATW) news were published by: Marketwatch.com which released: “Matthews International stock price target raised to $75 from $65 at Wunderlich …” on December 21, 2009. Also Nasdaq.com published the news titled: “Ex-Dividend Reminder: MKS Instruments, Curtiss-Wright and Matthews International” on November 21, 2016. Post-Gazette.com‘s news article titled: “Pittsburgh based Matthews International Corp merging with Schawk Inc.” with publication date: March 17, 2014 was also an interesting one.
MATW Company Profile
Matthews International Corporation, incorporated in 1902, is a well-known provider of brand solutions, memorialization products and industrial products. The Firm operates through three divisions: SGK Brand Solutions, Memorialization and Industrial. The SGK Brand Solutions segment consists of the graphics imaging business, including Schawk, and the merchandising solutions operations. The Memorialization segment consists of the Company’s cemetery products, funeral home products and cremation operations. The Industrial segment consists of the Company’s marking and automation products, and fulfillment systems. Products and services of the SGK Brand Solutions segment are sold throughout the world, with principal locations in the United States, Europe and Asia. Memorialization segment products are sold throughout the world, with the segment’s principal activities located in the United States, Europe, Canada and Australia.
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