Minerals Technologies Inc. (NYSE:MTX) Shares Purchased by US Bancorp DE

US Bancorp DE boosted its holdings in Minerals Technologies Inc. (NYSE:MTXFree Report) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,457 shares of the basic materials company’s stock after acquiring an additional 196 shares during the period. US Bancorp DE’s holdings in Minerals Technologies were worth $888,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Minerals Technologies during the fourth quarter valued at $19,192,000. State of Alaska Department of Revenue boosted its stake in Minerals Technologies by 116.3% during the 4th quarter. State of Alaska Department of Revenue now owns 43,822 shares of the basic materials company’s stock valued at $3,124,000 after purchasing an additional 23,559 shares during the period. New York State Common Retirement Fund grew its position in Minerals Technologies by 52.7% in the 3rd quarter. New York State Common Retirement Fund now owns 20,558 shares of the basic materials company’s stock worth $1,126,000 after purchasing an additional 7,098 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Minerals Technologies in the third quarter valued at approximately $867,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Minerals Technologies by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 458,840 shares of the basic materials company’s stock valued at $25,126,000 after buying an additional 22,790 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Minerals Technologies Stock Down 0.9 %

Minerals Technologies stock opened at $84.39 on Wednesday. The company’s 50-day moving average price is $77.45 and its two-hundred day moving average price is $71.63. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of 29.20 and a beta of 1.31. Minerals Technologies Inc. has a 52 week low of $48.61 and a 52 week high of $87.46. The company has a current ratio of 2.49, a quick ratio of 1.75 and a debt-to-equity ratio of 0.53.

Minerals Technologies (NYSE:MTXGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The basic materials company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.22. The business had revenue of $534.50 million for the quarter, compared to analyst estimates of $545.55 million. Minerals Technologies had a net margin of 4.35% and a return on equity of 10.87%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share. On average, analysts expect that Minerals Technologies Inc. will post 6.29 EPS for the current fiscal year.

Minerals Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.40 annualized dividend and a dividend yield of 0.47%. Minerals Technologies’s dividend payout ratio (DPR) is 13.84%.

Insider Activity at Minerals Technologies

In other Minerals Technologies news, insider Dj Monagle III sold 1,180 shares of the business’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $74.12, for a total value of $87,461.60. Following the sale, the insider now directly owns 81,031 shares in the company, valued at $6,006,017.72. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Douglas T. Dietrich sold 12,010 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $84.85, for a total transaction of $1,019,048.50. Following the completion of the sale, the chief executive officer now owns 145,547 shares in the company, valued at approximately $12,349,662.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dj Monagle III sold 1,180 shares of Minerals Technologies stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $74.12, for a total value of $87,461.60. Following the completion of the transaction, the insider now owns 81,031 shares in the company, valued at $6,006,017.72. The disclosure for this sale can be found here. Insiders sold 33,187 shares of company stock valued at $2,784,251 over the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Minerals Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Minerals Technologies presently has a consensus rating of “Buy” and a consensus price target of $68.50.

Check Out Our Latest Analysis on Minerals Technologies

About Minerals Technologies

(Free Report)

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.

See Also

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

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