Copeland Capital Management LLC Has $40.82 Million Stake in Materion Co. (NYSE:MTRN)

Copeland Capital Management LLC raised its position in Materion Co. (NYSE:MTRN - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 412,795 shares of the basic materials company's stock after purchasing an additional 8,842 shares during the quarter. Copeland Capital Management LLC owned 1.99% of Materion worth $40,817,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MTRN. GAMMA Investing LLC grew its holdings in shares of Materion by 307.8% in the 4th quarter. GAMMA Investing LLC now owns 261 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 197 shares in the last quarter. Quest Partners LLC increased its position in Materion by 118.7% during the third quarter. Quest Partners LLC now owns 562 shares of the basic materials company's stock worth $63,000 after buying an additional 305 shares during the last quarter. ARK Investment Management LLC bought a new stake in Materion in the third quarter valued at approximately $85,000. KBC Group NV raised its stake in Materion by 54.5% in the fourth quarter. KBC Group NV now owns 882 shares of the basic materials company's stock valued at $87,000 after buying an additional 311 shares during the period. Finally, Algert Global LLC bought a new stake in Materion in the second quarter valued at approximately $225,000. Institutional investors own 93.56% of the company's stock.

Insider Transactions at Materion

In related news, VP Gregory R. Chemnitz sold 2,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $117.57, for a total transaction of $235,140.00. Following the sale, the vice president now owns 12,031 shares of the company's stock, valued at $1,414,484.67. This represents a 14.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Shelly Marie Chadwick sold 1,000 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $115.92, for a total value of $115,920.00. Following the sale, the chief financial officer now directly owns 13,200 shares in the company, valued at $1,530,144. This represents a 7.04 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by corporate insiders.

Materion Stock Performance

NYSE:MTRN traded down $0.83 on Friday, hitting $100.93. The company's stock had a trading volume of 242,103 shares, compared to its average volume of 71,469. The company has a current ratio of 3.15, a quick ratio of 1.26 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average of $104.43 and a two-hundred day moving average of $108.38. The firm has a market capitalization of $2.09 billion, a P/E ratio of 28.43 and a beta of 1.24. Materion Co. has a one year low of $93.20 and a one year high of $145.08.

Materion (NYSE:MTRN - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $1.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.41. The firm had revenue of $436.70 million for the quarter, compared to analyst estimates of $416.40 million. Materion had a return on equity of 12.06% and a net margin of 4.45%. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.39 earnings per share. Research analysts predict that Materion Co. will post 5.22 earnings per share for the current year.

Materion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.135 per share. The ex-dividend date is Thursday, February 20th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.54%. Materion's dividend payout ratio (DPR) is currently 15.21%.

Materion Company Profile

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other.