Minerals Technologies Inc. (NYSE:MTX) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its position in Minerals Technologies Inc. (NYSE:MTX) by 78.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 161,440 shares of the basic materials company’s stock after purchasing an additional 71,021 shares during the period. Assenagon Asset Management S.A. owned approximately 0.50% of Minerals Technologies worth $12,468,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Texas Permanent School Fund Corp increased its holdings in shares of Minerals Technologies by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 28,482 shares of the basic materials company’s stock valued at $2,144,000 after purchasing an additional 368 shares during the period. Diversified Trust Co grew its holdings in Minerals Technologies by 4.0% during the third quarter. Diversified Trust Co now owns 10,933 shares of the basic materials company’s stock worth $844,000 after acquiring an additional 419 shares during the period. ProShare Advisors LLC grew its holdings in Minerals Technologies by 7.4% during the first quarter. ProShare Advisors LLC now owns 6,563 shares of the basic materials company’s stock worth $494,000 after acquiring an additional 452 shares during the period. Summit Global Investments grew its holdings in Minerals Technologies by 2.6% during the second quarter. Summit Global Investments now owns 18,799 shares of the basic materials company’s stock worth $1,563,000 after acquiring an additional 480 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Minerals Technologies by 3.1% during the second quarter. The Manufacturers Life Insurance Company now owns 17,522 shares of the basic materials company’s stock worth $1,457,000 after acquiring an additional 526 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Minerals Technologies from a “buy” rating to a “hold” rating in a report on Saturday, October 19th.

Minerals Technologies Stock Down 1.9 %

Minerals Technologies stock opened at $76.46 on Monday. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 28.53 and a beta of 1.30. Minerals Technologies Inc. has a 52 week low of $50.30 and a 52 week high of $90.29. The business’s 50-day moving average price is $75.24 and its 200 day moving average price is $78.24. 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 data on Thursday, October 24th. The basic materials company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $524.70 million during the quarter, compared to analyst estimates of $539.75 million. Minerals Technologies had a net margin of 4.05% and a return on equity of 11.46%. As a group, sell-side analysts anticipate that Minerals Technologies Inc. will post 6.2 earnings per share for the current year.

Minerals Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, October 31st will be given a dividend of $0.11 per share. This is an increase from Minerals Technologies’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, October 31st. This represents a $0.44 dividend on an annualized basis and a yield of 0.58%. Minerals Technologies’s dividend payout ratio (DPR) is presently 14.93%.

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.