Moody National Bank Trust Division Decreases Position in Minerals Technologies Inc. (NYSE:MTX)

Moody National Bank Trust Division lessened its holdings in Minerals Technologies Inc. (NYSE:MTXGet Rating) by 53.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,414 shares of the basic materials company’s stock after selling 6,335 shares during the quarter. Moody National Bank Trust Division’s holdings in Minerals Technologies were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. grew its holdings in Minerals Technologies by 24.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 2,075 shares of the basic materials company’s stock worth $151,000 after acquiring an additional 414 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Minerals Technologies by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 141,353 shares of the basic materials company’s stock worth $10,340,000 after acquiring an additional 1,840 shares during the last quarter. Teacher Retirement System of Texas grew its holdings in Minerals Technologies by 19.1% in the 4th quarter. Teacher Retirement System of Texas now owns 6,488 shares of the basic materials company’s stock worth $475,000 after acquiring an additional 1,039 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Minerals Technologies by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 366,857 shares of the basic materials company’s stock worth $26,836,000 after acquiring an additional 10,572 shares during the last quarter. Finally, Barclays PLC grew its holdings in Minerals Technologies by 22.8% in the 4th quarter. Barclays PLC now owns 46,020 shares of the basic materials company’s stock worth $3,366,000 after acquiring an additional 8,548 shares during the last quarter. Hedge funds and other institutional investors own 96.13% of the company’s stock.

Minerals Technologies Trading Up 4.3 %

Shares of MTX opened at $57.56 on Tuesday. The firm’s 50-day moving average price is $62.30 and its 200-day moving average price is $63.42. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 11.20 and a beta of 1.28. The company has a current ratio of 2.29, a quick ratio of 1.56 and a debt-to-equity ratio of 0.60. Minerals Technologies Inc. has a 1-year low of $54.61 and a 1-year high of $79.03.

Minerals Technologies (NYSE:MTXGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The basic materials company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.46 by $0.04. Minerals Technologies had a net margin of 8.46% and a return on equity of 11.44%. The business had revenue of $577.00 million for the quarter, compared to analyst estimates of $533.65 million. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Minerals Technologies’s quarterly revenue was up 26.5% on a year-over-year basis. Sell-side analysts anticipate that Minerals Technologies Inc. will post 5.52 EPS for the current year.

Minerals Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.35%. The ex-dividend date was Thursday, August 18th. Minerals Technologies’s payout ratio is currently 3.89%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. CL King lowered shares of Minerals Technologies from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 30th.

Insider Buying and Selling

In related news, insider Dj Monagle III sold 19,673 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $63.36, for a total transaction of $1,246,481.28. Following the sale, the insider now owns 72,402 shares of the company’s stock, valued at $4,587,390.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Dj Monagle III sold 19,673 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $63.36, for a total transaction of $1,246,481.28. Following the sale, the insider now owns 72,402 shares of the company’s stock, valued at $4,587,390.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas T. Dietrich sold 16,299 shares of the business’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $60.06, for a total transaction of $978,917.94. Following the sale, the chief executive officer now directly owns 118,265 shares in the company, valued at approximately $7,102,995.90. The disclosure for this sale can be found here. Insiders have sold 54,067 shares of company stock valued at $3,404,799 over the last quarter. Corporate insiders own 3.40% of the company’s stock.

About Minerals Technologies

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Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company operates through three segments: Performance Materials, Specialty Minerals and Refractories. The Performance Materials segment supplies bentonite and bentonite-related products, as well as leonardite.

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Institutional Ownership by Quarter for Minerals Technologies (NYSE:MTX)

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