Vanguard Group Inc. Decreases Stock Holdings in Minerals Technologies Inc. (NYSE:MTX)

Vanguard Group Inc. lowered its holdings in Minerals Technologies Inc. (NYSE:MTX) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,713,200 shares of the basic materials company’s stock after selling 38,519 shares during the period. Vanguard Group Inc. owned about 11.47% of Minerals Technologies worth $264,788,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in shares of Minerals Technologies by 9.1% in the 4th quarter. Wellington Management Group LLP now owns 273,941 shares of the basic materials company’s stock worth $19,535,000 after buying an additional 22,857 shares during the last quarter. Keeley Teton Advisors LLC boosted its stake in Minerals Technologies by 12.0% in the fourth quarter. Keeley Teton Advisors LLC now owns 29,854 shares of the basic materials company’s stock valued at $2,129,000 after acquiring an additional 3,187 shares during the last quarter. Evoke Wealth LLC bought a new position in shares of Minerals Technologies during the 4th quarter valued at approximately $328,000. Parallel Advisors LLC increased its stake in shares of Minerals Technologies by 97.9% during the 4th quarter. Parallel Advisors LLC now owns 556 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 275 shares during the last quarter. Finally, Chesapeake Capital Corp IL bought a new stake in shares of Minerals Technologies in the 4th quarter worth approximately $1,027,000. Institutional investors own 97.29% of the company’s stock.

Minerals Technologies Price Performance

Shares of NYSE MTX opened at $83.16 on Monday. The company has a current ratio of 2.49, a quick ratio of 1.75 and a debt-to-equity ratio of 0.53. The stock has a fifty day simple moving average of $81.24 and a two-hundred day simple moving average of $74.26. Minerals Technologies Inc. has a 1-year low of $48.61 and a 1-year high of $87.46. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 28.78 and a beta of 1.31.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings results on Thursday, April 25th. The basic materials company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.22. The company had revenue of $534.50 million during 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 firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.14 EPS. Analysts anticipate that Minerals Technologies Inc. will post 6.29 earnings per share for the current year.

Minerals Technologies Dividend Announcement

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

Insider Buying and Selling

In other news, VP Michael Cipolla sold 11,958 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $84.36, for a total value of $1,008,776.88. Following the completion of the transaction, the vice president now directly owns 35,864 shares of the company’s stock, valued at $3,025,487.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Kristina M. Johnson acquired 400 shares of Minerals Technologies stock in a transaction that occurred on Thursday, May 16th. The stock was bought at an average price of $80.92 per share, with a total value of $32,368.00. Following the completion of the purchase, the director now owns 400 shares in the company, valued at $32,368. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Michael Cipolla sold 11,958 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $84.36, for a total transaction of $1,008,776.88. Following the completion of the sale, the vice president now owns 35,864 shares in the company, valued at $3,025,487.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,459 shares of company stock valued at $4,842,108. Company insiders own 3.50% of the company’s stock.

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.