Envestnet Asset Management Inc. Has $1.44 Million Stock Position in Minerals Technologies Inc. (NYSE:MTX)

Envestnet Asset Management Inc. decreased its position in Minerals Technologies Inc. (NYSE:MTXGet Rating) by 4.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,485 shares of the basic materials company’s stock after selling 984 shares during the period. Envestnet Asset Management Inc. owned about 0.07% of Minerals Technologies worth $1,441,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Xponance Inc. grew its stake in shares of Minerals Technologies by 4.9% in the 2nd quarter. Xponance Inc. now owns 5,109 shares of the basic materials company’s stock valued at $313,000 after purchasing an additional 240 shares during the period. New York State Teachers Retirement System grew its stake in shares of Minerals Technologies by 1.5% in the 2nd quarter. New York State Teachers Retirement System now owns 68,113 shares of the basic materials company’s stock valued at $4,178,000 after purchasing an additional 1,000 shares during the period. Yousif Capital Management LLC grew its stake in shares of Minerals Technologies by 3.4% in the 2nd quarter. Yousif Capital Management LLC now owns 18,551 shares of the basic materials company’s stock valued at $1,138,000 after purchasing an additional 615 shares during the period. SG Americas Securities LLC grew its stake in shares of Minerals Technologies by 124.5% in the 2nd quarter. SG Americas Securities LLC now owns 12,163 shares of the basic materials company’s stock valued at $746,000 after purchasing an additional 6,746 shares during the period. Finally, National Bank of Canada FI bought a new stake in shares of Minerals Technologies in the 2nd quarter valued at approximately $99,000. Institutional investors and hedge funds own 96.13% of the company’s stock.

Minerals Technologies Stock Up 0.5 %

NYSE MTX opened at $56.04 on Tuesday. The firm has a market cap of $1.82 billion, a PE ratio of 12.94 and a beta of 1.30. Minerals Technologies Inc. has a one year low of $49.38 and a one year high of $75.65. The stock’s 50 day simple moving average is $54.26 and its 200 day simple moving average is $60.03. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.18 and a quick ratio of 1.48.

Minerals Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Wednesday, November 2nd will be given a $0.05 dividend. The ex-dividend date is Tuesday, November 1st. This represents a $0.20 dividend on an annualized basis and a yield of 0.36%. Minerals Technologies’s payout ratio is 4.62%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MTX shares. CL King lowered Minerals Technologies from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 30th. TheStreet lowered Minerals Technologies from a “b-” rating to a “c+” rating in a research report on Monday, October 10th. Seaport Res Ptn lowered Minerals Technologies from a “buy” rating to a “neutral” rating in a research report on Thursday, October 13th. Finally, StockNews.com began coverage on Minerals Technologies in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $81.00.

Insider Buying and Selling at Minerals Technologies

In other Minerals Technologies news, CEO Douglas T. Dietrich sold 16,299 shares of the stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $60.06, for a total value of $978,917.94. Following the transaction, the chief executive officer now directly owns 118,265 shares in the company, valued at approximately $7,102,995.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Dj Monagle III sold 19,673 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $63.36, for a total value of $1,246,481.28. Following the transaction, the insider now owns 72,402 shares of the company’s stock, valued at approximately $4,587,390.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas T. Dietrich sold 16,299 shares of the stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $60.06, for a total value of $978,917.94. Following the completion of the transaction, the chief executive officer now directly owns 118,265 shares in the company, valued at approximately $7,102,995.90. The disclosure for this sale can be found here. Corporate insiders own 3.40% of the company’s stock.

Minerals Technologies Profile

(Get Rating)

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company operates through three segments: Performance Materials, Specialty Minerals and Refractories. The Performance Materials segment supplies bentonite and bentonite-related products, as well as leonardite.

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Institutional Ownership by Quarter for Minerals Technologies (NYSE:MTX)

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