Bank of Montreal Can Has $634,000 Stock Position in Minerals Technologies Inc. (NYSE:MTX)

Bank of Montreal Can lessened its holdings in shares of Minerals Technologies Inc. (NYSE:MTX) by 31.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,569 shares of the basic materials company’s stock after selling 3,536 shares during the quarter. Bank of Montreal Can’s holdings in Minerals Technologies were worth $634,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Picton Mahoney Asset Management acquired a new position in Minerals Technologies in the 2nd quarter valued at about $52,000. Innealta Capital LLC bought a new stake in shares of Minerals Technologies during the second quarter worth approximately $76,000. Fidelis Capital Partners LLC acquired a new position in shares of Minerals Technologies in the first quarter valued at approximately $77,000. CWM LLC increased its stake in shares of Minerals Technologies by 585.6% during the second quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 1,136 shares during the period. Finally, Lazard Asset Management LLC lifted its holdings in Minerals Technologies by 374.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,838 shares of the basic materials company’s stock worth $138,000 after purchasing an additional 1,451 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Minerals Technologies Stock Performance

Shares of NYSE:MTX opened at $75.39 on Wednesday. Minerals Technologies Inc. has a 12-month low of $48.61 and a 12-month high of $90.29. The company’s 50 day moving average price is $74.02 and its two-hundred day moving average price is $77.98. The firm has a market cap of $2.43 billion, a PE ratio of 26.09 and a beta of 1.30. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.53.

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

Minerals Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 16th. This represents a $0.40 annualized dividend and a yield of 0.53%. Minerals Technologies’s dividend payout ratio is 13.84%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd.

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.