State Board of Administration of Florida Retirement System boosted its stake in Minerals Technologies Inc. (NYSE:MTX – Get Rating) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,953 shares of the basic materials company’s stock after acquiring an additional 260 shares during the quarter. State Board of Administration of Florida Retirement System owned 0.06% of Minerals Technologies worth $1,272,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the stock. Bank of Montreal Can lifted its position in Minerals Technologies by 2.4% during the 4th quarter. Bank of Montreal Can now owns 7,117 shares of the basic materials company’s stock worth $433,000 after buying an additional 168 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Minerals Technologies by 4.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,577 shares of the basic materials company’s stock worth $278,000 after buying an additional 192 shares in the last quarter. Quadrant Capital Group LLC lifted its position in Minerals Technologies by 53.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 665 shares of the basic materials company’s stock worth $33,000 after buying an additional 231 shares in the last quarter. US Bancorp DE lifted its position in Minerals Technologies by 2.5% during the 3rd quarter. US Bancorp DE now owns 10,788 shares of the basic materials company’s stock worth $533,000 after buying an additional 263 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in Minerals Technologies by 1.7% during the 1st quarter. Yousif Capital Management LLC now owns 17,936 shares of the basic materials company’s stock worth $1,186,000 after buying an additional 295 shares in the last quarter. 96.57% of the stock is owned by institutional investors.
Insider Transactions at Minerals Technologies
In other Minerals Technologies news, Director Rocky Motwani bought 822 shares of the stock in a transaction dated Monday, March 6th. The shares were bought at an average cost of $60.82 per share, with a total value of $49,994.04. Following the completion of the acquisition, the director now owns 822 shares of the company’s stock, valued at $49,994.04. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.86% of the company’s stock.
Analysts Set New Price Targets
Minerals Technologies Stock Up 1.1 %
Minerals Technologies stock opened at $59.59 on Tuesday. The firm has a market capitalization of $1.94 billion, a PE ratio of 16.88 and a beta of 1.30. The company’s 50-day moving average is $58.76 and its 200-day moving average is $60.21. Minerals Technologies Inc. has a fifty-two week low of $49.38 and a fifty-two week high of $73.57. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.17 and a quick ratio of 1.45.
Minerals Technologies (NYSE:MTX – Get Rating) last announced its quarterly earnings results on Thursday, April 27th. The basic materials company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. Minerals Technologies had a net margin of 5.36% and a return on equity of 9.53%. The business had revenue of $546.00 million for the quarter, compared to analyst estimates of $527.73 million. During the same quarter in the prior year, the business earned $1.36 EPS. Minerals Technologies’s quarterly revenue was up 5.2% on a year-over-year basis. Sell-side analysts anticipate that Minerals Technologies Inc. will post 5.2 earnings per share for the current year.
Minerals Technologies Company Profile
Minerals Technologies, Inc is a resource and technology-based company. It develops, produces, and markets a range of mineral, mineral-based, and synthetic mineral products. It operates through the following four segments: Performance Materials, Specialty Minerals, Refractories and Energy Services. The Performance Materials segment supplies bentonite and bentonite-related products, chromite and leonardite.
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