8 Best Conglomerate Stocks to Buy Now

3) Matthews International Corporation (NASDAQ:MATW)

Average Upside Potential: 94.17%

Matthews International Corporation (NASDAQ:MATW) is a personal services company, primarily providing brand solution services, memorialization products, and industrial products in the US and Europe.

One of the primary strengths of the company is its recurring cash flows from the memorialization division. This includes cemetery and funeral home products. This segment is as recession-proof as a business model can be. Apart from this, the company’s brand solutions division possesses a strong foothold in the packaging and merchandising markets, offering further stability and growth potential.

Another positive factor that makes up the buy case is its dividend payout. Matthews International Corporation (NASDAQ:MATW) has an excellent dividend growth trajectory, as it has consecutively increased its dividend for 29 years. Therefore, the company can weather multiple economic cycles.

Matthews International Corporation (NASDAQ:MATW) seems to be well positioned, given the demographics. Apart from this, the company has increased its internal stability.

Looking at the company-wide performance over the previous 5 years, it is well-noticed that Matthews International Corporation (NASDAQ:MATW) produces losses in one year and then posts strong earnings in the next. That being said, the company continues to project stable earnings growth up until 2026.

According to data from Insider Monkey, a total of 13 hedge funds held stakes in Matthews International Corporation (NASDAQ:MATW).