TD Asset Management Inc Makes New $283,000 Investment in Minerals Technologies Inc. (NYSE:MTX)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in MTX. Parallel Advisors LLC increased its position in Minerals Technologies by 97.9% in the fourth 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 period. Picton Mahoney Asset Management bought a new position in shares of Minerals Technologies in the 2nd quarter worth $52,000. Innealta Capital LLC acquired a new stake in shares of Minerals Technologies during the second quarter worth $76,000. Fidelis Capital Partners LLC acquired a new stake in shares of Minerals Technologies during the first quarter worth $77,000. Finally, CWM LLC lifted its stake in Minerals Technologies by 585.6% in the second quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock valued at $111,000 after buying an additional 1,136 shares during the period. Institutional investors own 97.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Dj Monagle III sold 14,229 shares of the business’s stock in a transaction that occurred 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 directly owns 79,731 shares in the company, valued at approximately $6,667,903.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.50% of the company’s stock.

Minerals Technologies Price Performance

Shares of MTX opened at $72.81 on Monday. 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 stock has a market cap of $2.35 billion, a P/E ratio of 25.19 and a beta of 1.30. The stock’s 50-day moving average price is $77.31 and its two-hundred day moving average price is $77.76. Minerals Technologies Inc. has a 1 year low of $48.61 and a 1 year high of $90.29.

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

Minerals Technologies Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, August 16th. This represents a $0.40 annualized dividend and a yield of 0.55%. Minerals Technologies’s dividend payout ratio is presently 13.84%.

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.