Minerals Technologies Inc. (NYSE:MTX) Shares Purchased by Comerica Bank

Comerica Bank increased its stake in shares of Minerals Technologies Inc. (NYSE:MTXGet Rating) by 62.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,150 shares of the basic materials company’s stock after acquiring an additional 9,692 shares during the quarter. Comerica Bank’s holdings in Minerals Technologies were worth $1,379,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. US Bancorp DE grew its position in Minerals Technologies by 2.5% during the 3rd quarter. US Bancorp DE now owns 10,788 shares of the basic materials company’s stock worth $533,000 after purchasing an additional 263 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Minerals Technologies by 4.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 367,778 shares of the basic materials company’s stock worth $18,171,000 after purchasing an additional 15,254 shares during the last quarter. Wipfli Financial Advisors LLC purchased a new position in Minerals Technologies during the 3rd quarter worth $25,000. Ziegler Capital Management LLC grew its position in Minerals Technologies by 40.8% during the 3rd quarter. Ziegler Capital Management LLC now owns 22,719 shares of the basic materials company’s stock worth $1,123,000 after purchasing an additional 6,587 shares during the last quarter. Finally, Foundry Partners LLC grew its position in Minerals Technologies by 3.1% during the 3rd quarter. Foundry Partners LLC now owns 54,887 shares of the basic materials company’s stock worth $2,712,000 after purchasing an additional 1,651 shares during the last quarter. 96.57% of the stock is currently owned by institutional investors and hedge funds.

Minerals Technologies Stock Up 2.2 %

Shares of NYSE:MTX opened at $66.07 on Monday. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 15.26 and a beta of 1.28. The firm’s 50-day simple moving average is $60.70 and its 200-day simple moving average is $59.28. The company has a quick ratio of 1.48, a current ratio of 2.18 and a debt-to-equity ratio of 0.62. Minerals Technologies Inc. has a fifty-two week low of $49.38 and a fifty-two week high of $72.64.

Minerals Technologies (NYSE:MTXGet Rating) last released 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). The company had revenue of $541.90 million for the quarter, compared to analysts’ expectations of $531.20 million. Minerals Technologies had a return on equity of 11.46% and a net margin of 6.85%. As a group, equities research analysts predict that Minerals Technologies Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, SVP Thomas J. Meek sold 16,795 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 83,852 shares of the company’s stock, valued at $5,242,427.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Thomas J. Meek sold 16,795 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now owns 83,852 shares of the company’s stock, valued at $5,242,427.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Brett Argirakis sold 927 shares of the business’s stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $60.03, for a total transaction of $55,647.81. Following the sale, the senior vice president now directly owns 15,694 shares in the company, valued at approximately $942,110.82. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.

About Minerals Technologies

(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.

Read More

Want to see what other hedge funds are holding MTX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Minerals Technologies Inc. (NYSE:MTXGet Rating).

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

Receive News & Ratings for Minerals Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Minerals Technologies and related companies with MarketBeat.com's FREE daily email newsletter.