Dj Monagle III Sells 14,229 Shares of Minerals Technologies Inc. (NYSE:MTX) Stock

Minerals Technologies Inc. (NYSE:MTX) insider Dj Monagle III sold 14,229 shares of Minerals Technologies stock in a transaction on Monday, June 24th. The shares were sold at an average price of $83.63, for a total transaction of $1,189,971.27. Following the completion of the sale, the insider now owns 79,731 shares in the company, valued at $6,667,903.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Minerals Technologies Trading Up 0.2 %

Shares of MTX opened at $82.74 on Friday. The stock has a market capitalization of $2.67 billion, a PE ratio of 28.63 and a beta of 1.31. The company’s fifty day moving average is $81.01 and its 200 day moving average is $74.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 2.49. Minerals Technologies Inc. has a fifty-two week low of $48.61 and a fifty-two week high of $87.46.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, April 25th. The basic materials company reported $1.49 earnings per share (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 the consensus estimate of $545.55 million. Minerals Technologies had a return on equity of 10.87% and a net margin of 4.35%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.14 earnings per share. Sell-side analysts expect that Minerals Technologies Inc. will post 6.29 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Stockholders of record on Friday, May 31st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. Minerals Technologies’s dividend payout ratio is 13.84%.

Institutional Trading of Minerals Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in Minerals Technologies during the 4th quarter worth $19,192,000. State of Alaska Department of Revenue raised its holdings in shares of Minerals Technologies by 116.3% in the fourth 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 acquiring an additional 23,559 shares in the last quarter. Chesapeake Capital Corp IL purchased a new stake in Minerals Technologies in the fourth quarter worth about $1,027,000. Wellington Management Group LLP grew its holdings in Minerals Technologies by 9.1% during the 4th quarter. Wellington Management Group LLP now owns 273,941 shares of the basic materials company’s stock worth $19,535,000 after acquiring an additional 22,857 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in Minerals Technologies by 42.5% during the 3rd quarter. Qube Research & Technologies Ltd now owns 67,861 shares of the basic materials company’s stock valued at $3,716,000 after purchasing an additional 20,243 shares during the period. 97.29% of the stock is currently owned by institutional investors.

Minerals Technologies Company Profile

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.