Minerals Technologies Inc. (NYSE:MTX) Position Boosted by US Bancorp DE

US Bancorp DE lifted its stake in shares of Minerals Technologies Inc. (NYSE:MTXGet Rating) by 2.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,788 shares of the basic materials company’s stock after buying an additional 263 shares during the quarter. US Bancorp DE’s holdings in Minerals Technologies were worth $533,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of MTX. Boston Trust Walden Corp raised its stake in Minerals Technologies by 24.5% during the second quarter. Boston Trust Walden Corp now owns 549,441 shares of the basic materials company’s stock worth $33,703,000 after acquiring an additional 108,171 shares during the period. State of Alaska Department of Revenue raised its stake in Minerals Technologies by 374.7% during the third quarter. State of Alaska Department of Revenue now owns 22,579 shares of the basic materials company’s stock worth $1,115,000 after acquiring an additional 17,823 shares during the period. Foundry Partners LLC raised its stake in Minerals Technologies by 3.0% during the second quarter. Foundry Partners LLC now owns 53,236 shares of the basic materials company’s stock worth $3,265,000 after acquiring an additional 1,537 shares during the period. Unison Advisors LLC raised its stake in Minerals Technologies by 31.3% during the third quarter. Unison Advisors LLC now owns 6,341 shares of the basic materials company’s stock worth $313,000 after acquiring an additional 1,511 shares during the period. Finally, Ellevest Inc. raised its stake in Minerals Technologies by 74.9% during the second quarter. Ellevest Inc. now owns 488 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 209 shares during the period. Institutional investors own 96.57% of the company’s stock.

Insider Activity at Minerals Technologies

In related news, SVP Brett Argirakis sold 927 shares of the firm’s stock in a transaction that occurred on Tuesday, December 20th. The shares were sold at an average price of $60.03, for a total transaction of $55,647.81. Following the completion of the sale, the senior vice president now directly owns 15,694 shares in the company, valued at $942,110.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP Thomas J. Meek sold 16,795 shares of the firm’s stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $62.52, for a total transaction of $1,050,023.40. Following the completion of the sale, the senior vice president now directly owns 83,852 shares in the company, valued at $5,242,427.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Brett Argirakis sold 927 shares of the firm’s stock in a transaction that occurred on Tuesday, December 20th. The stock was sold at an average price of $60.03, for a total transaction of $55,647.81. Following the completion of the transaction, the senior vice president now directly owns 15,694 shares of the company’s stock, valued at approximately $942,110.82. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.

Minerals Technologies Price Performance

NYSE MTX opened at $66.07 on Friday. Minerals Technologies Inc. has a 12 month low of $49.38 and a 12 month high of $72.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.18 and a quick ratio of 1.48. The firm has a market capitalization of $2.14 billion, a PE ratio of 15.26 and a beta of 1.28. The company’s 50 day simple moving average is $60.70 and its 200 day simple moving average is $59.29.

Minerals Technologies (NYSE:MTXGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The basic materials company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.03). Minerals Technologies had a net margin of 6.85% and a return on equity of 11.46%. The company had revenue of $541.90 million for the quarter, compared to analyst estimates of $531.20 million. As a group, equities research analysts forecast that Minerals Technologies Inc. will post 5.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MTX has been the topic of several analyst reports. TheStreet lowered shares of Minerals Technologies from a “b-” rating to a “c+” rating in a research note on Monday, October 10th. StockNews.com initiated coverage on shares of Minerals Technologies in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Seaport Res Ptn lowered shares of Minerals Technologies from a “buy” rating to a “neutral” rating in a research note on Thursday, October 13th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $81.00.

Minerals Technologies Profile

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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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