Minerals Technologies Inc. (NYSE:MTX) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 4.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,863 shares of the basic materials company’s stock after selling 449 shares during the period. Amalgamated Bank’s holdings in Minerals Technologies were worth $820,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parallel Advisors LLC grew its position in shares of Minerals Technologies by 97.9% during the fourth quarter. Parallel Advisors LLC now owns 556 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 275 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in Minerals Technologies in the 2nd quarter valued at about $52,000. Innealta Capital LLC acquired a new position in Minerals Technologies in the second quarter worth approximately $76,000. Fidelis Capital Partners LLC acquired a new position in shares of Minerals Technologies in the 1st quarter valued at $77,000. Finally, CWM LLC lifted its position in shares of Minerals Technologies by 585.6% in the 2nd quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock valued at $111,000 after acquiring an additional 1,136 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Minerals Technologies Stock Down 0.2 %

MTX stock opened at $75.69 on Friday. Minerals Technologies Inc. has a 1 year low of $48.61 and a 1 year high of $90.29. The company has a fifty day simple moving average of $75.32 and a 200 day simple moving average of $77.76. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.53. The firm has a market cap of $2.44 billion, a PE ratio of 26.19 and a beta of 1.30.

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, beating the consensus estimate of $1.60 by $0.05. Minerals Technologies had a return on equity of 11.46% and a net margin of 4.05%. The company had revenue of $541.20 million for the quarter, compared to the consensus estimate of $561.60 million. During the same period last year, the business posted $1.31 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. Sell-side analysts anticipate that Minerals Technologies Inc. will post 6.22 EPS for the current fiscal year.

Minerals Technologies Announces Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday.

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.