3,400 Shares in Minerals Technologies Inc. (NYSE:MTX) Bought by TD Asset Management Inc

TD Asset Management Inc bought a new stake in shares of Minerals Technologies Inc. (NYSE:MTX) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,400 shares of the basic materials company’s stock, valued at approximately $283,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC raised its stake in Minerals Technologies by 97.9% during the 4th quarter. Parallel Advisors LLC now owns 556 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 275 shares during the last quarter. Picton Mahoney Asset Management bought a new position in shares of Minerals Technologies during the 2nd quarter worth about $52,000. Innealta Capital LLC acquired a new position in shares of Minerals Technologies during the second quarter valued at about $76,000. Fidelis Capital Partners LLC bought a new stake in shares of Minerals Technologies in the first quarter valued at about $77,000. Finally, CWM LLC grew its position in 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 buying an additional 1,136 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Minerals Technologies Trading Up 1.8 %

Minerals Technologies stock opened at $72.81 on Monday. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 25.19 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 Inc. has a 12 month low of $48.61 and a 12 month high of $90.29. The business has a 50 day moving average price of $77.31 and a two-hundred day moving average price of $77.76.

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

Minerals Technologies Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Friday, August 16th. Minerals Technologies’s payout ratio is 13.84%.

Insider Activity

In other Minerals Technologies news, insider Dj Monagle III sold 14,229 shares of Minerals Technologies stock in a transaction on Monday, June 24th. The stock was sold at an average price of $83.63, for a total value 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.50% of the company’s stock.

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.