ING Groep NV boosted its position in Minerals Technologies Inc (NYSE:MTX) by 24.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,337 shares of the basic materials company’s stock after acquiring an additional 1,039 shares during the period. ING Groep NV’s holdings in Minerals Technologies were worth $367,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Cubist Systematic Strategies LLC boosted its holdings in Minerals Technologies by 19.0% in the second quarter. Cubist Systematic Strategies LLC now owns 3,948 shares of the basic materials company’s stock worth $289,000 after acquiring an additional 631 shares in the last quarter. TD Asset Management Inc. lifted its holdings in shares of Minerals Technologies by 4.8% in the third quarter. TD Asset Management Inc. now owns 17,300 shares of the basic materials company’s stock valued at $1,222,000 after purchasing an additional 800 shares in the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Minerals Technologies by 1.9% in the second quarter. Parametric Portfolio Associates LLC now owns 65,750 shares of the basic materials company’s stock valued at $4,813,000 after purchasing an additional 1,227 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Minerals Technologies by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 77,456 shares of the basic materials company’s stock valued at $5,669,000 after purchasing an additional 1,237 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Minerals Technologies by 67.4% in the third quarter. Victory Capital Management Inc. now owns 3,439 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 1,385 shares in the last quarter. Institutional investors and hedge funds own 96.05% of the company’s stock.
A number of research analysts have recently weighed in on the company. Zacks Investment Research lowered Minerals Technologies from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. KeyCorp restated a “hold” rating on shares of Minerals Technologies in a report on Monday, November 6th. Finally, ValuEngine upgraded Minerals Technologies from a “hold” rating to a “buy” rating in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Minerals Technologies currently has a consensus rating of “Hold” and an average target price of $80.00.
In other Minerals Technologies news, Director Joseph C. Breunig purchased 800 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were acquired at an average cost of $69.36 per share, for a total transaction of $55,488.00. Following the completion of the acquisition, the director now owns 1,200 shares of the company’s stock, valued at approximately $83,232. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is owned by company insiders.
Minerals Technologies Inc (NYSE MTX) opened at $71.25 on Tuesday. Minerals Technologies Inc has a fifty-two week low of $62.55 and a fifty-two week high of $80.50. The company has a quick ratio of 2.04, a current ratio of 2.75 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $2,524.71, a P/E ratio of 15.52 and a beta of 2.29.
Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, February 1st. The basic materials company reported $1.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.01. Minerals Technologies had a return on equity of 13.89% and a net margin of 11.64%. The company had revenue of $432.10 million for the quarter, compared to analyst estimates of $411.95 million. During the same quarter last year, the company earned $1.08 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. sell-side analysts forecast that Minerals Technologies Inc will post 4.95 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Friday, February 16th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%. Minerals Technologies’s dividend payout ratio is presently 3.66%.
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Minerals Technologies Company Profile
Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc.
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