Profund Advisors LLC increased its stake in shares of Minerals Technologies Inc (NYSE:MTX) by 23.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,500 shares of the basic materials company’s stock after purchasing an additional 1,431 shares during the quarter. Profund Advisors LLC’s holdings in Minerals Technologies were worth $516,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in Minerals Technologies by 0.5% during the 4th quarter. BlackRock Inc. now owns 3,683,524 shares of the basic materials company’s stock valued at $253,611,000 after acquiring an additional 17,944 shares during the period. Royce & Associates LP boosted its holdings in Minerals Technologies by 12.1% during the 4th quarter. Royce & Associates LP now owns 1,263,881 shares of the basic materials company’s stock valued at $87,018,000 after acquiring an additional 136,595 shares during the period. American Century Companies Inc. boosted its holdings in Minerals Technologies by 3.1% during the 4th quarter. American Century Companies Inc. now owns 628,478 shares of the basic materials company’s stock valued at $43,271,000 after acquiring an additional 18,889 shares during the period. Boston Partners boosted its holdings in Minerals Technologies by 10.2% during the 4th quarter. Boston Partners now owns 570,774 shares of the basic materials company’s stock valued at $39,298,000 after acquiring an additional 52,839 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in Minerals Technologies by 0.4% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 558,200 shares of the basic materials company’s stock valued at $38,432,000 after acquiring an additional 2,275 shares during the period. 96.01% of the stock is currently owned by hedge funds and other institutional investors.
In other Minerals Technologies news, Director Joseph C. Breunig acquired 800 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The stock was bought at an average price of $69.36 per share, for a total transaction of $55,488.00. Following the acquisition, the director now directly owns 1,200 shares in the company, valued at $83,232. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.20% of the stock is owned by insiders.
A number of equities analysts recently issued reports on the company. ValuEngine cut Minerals Technologies from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research cut Minerals Technologies from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Minerals Technologies currently has a consensus rating of “Hold” and an average target price of $80.00.
MTX stock opened at $70.60 on Wednesday. Minerals Technologies Inc has a 1-year low of $62.55 and a 1-year high of $80.50. The company has a current ratio of 2.75, a quick ratio of 2.04 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $2,540.66, a price-to-earnings ratio of 15.62 and a beta of 2.28.
Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.10 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $411.95 million. During the same quarter in the previous year, the business earned $1.08 EPS. Minerals Technologies’s revenue was up 7.7% compared to the same quarter last year. equities analysts expect that Minerals Technologies Inc will post 4.85 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 8th. Investors of record on Friday, February 16th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Thursday, February 15th. Minerals Technologies’s payout ratio is currently 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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