Dimensional Fund Advisors LP Has $191 Million Stake in Minerals Technologies Inc. (NYSE:MTX)

Dimensional Fund Advisors LP grew its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 0.7% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 2,296,727 shares of the basic materials company’s stock after purchasing an additional 15,563 shares during the period. Dimensional Fund Advisors LP owned about 7.12% of Minerals Technologies worth $190,996,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of MTX. Teacher Retirement System of Texas purchased a new stake in Minerals Technologies in the 4th quarter valued at $612,000. Norges Bank purchased a new stake in shares of Minerals Technologies in the fourth quarter valued at about $19,192,000. Trexquant Investment LP boosted its holdings in Minerals Technologies by 84.7% during the fourth quarter. Trexquant Investment LP now owns 16,548 shares of the basic materials company’s stock worth $1,180,000 after purchasing an additional 7,591 shares during the last quarter. Quest Partners LLC bought a new stake in Minerals Technologies in the 4th quarter worth about $423,000. Finally, US Bancorp DE increased its stake in Minerals Technologies by 1.6% in the 4th quarter. US Bancorp DE now owns 12,457 shares of the basic materials company’s stock valued at $888,000 after buying an additional 196 shares during the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Minerals Technologies

In other news, insider Dj Monagle III sold 14,229 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $83.63, for a total transaction of $1,189,971.27. Following the completion of the transaction, the insider now owns 79,731 shares in the company, valued at approximately $6,667,903.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday.

Minerals Technologies Trading Up 2.2 %

NYSE MTX opened at $73.70 on Friday. The business’s fifty day moving average is $76.54 and its 200-day moving average is $77.69. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.46 and a quick ratio of 1.72. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 25.50 and a beta of 1.30. Minerals Technologies Inc. has a one year low of $48.61 and a one year high of $90.29.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings data on Thursday, July 25th. The basic materials company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.60 by $0.05. Minerals Technologies had a net margin of 4.05% and a return on equity of 11.46%. The business had revenue of $541.20 million for the quarter, compared to analyst estimates of $561.60 million. During the same quarter in the previous year, the firm posted $1.31 earnings per share. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Equities research analysts predict that Minerals Technologies Inc. will post 6.22 EPS for the current year.

Minerals Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend was Friday, August 16th. Minerals Technologies’s dividend payout ratio (DPR) is 13.84%.

Minerals Technologies 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.