Minerals Technologies Inc. (NYSE:MTX) Insider Dj Monagle III Sells 1,180 Shares

Minerals Technologies Inc. (NYSE:MTXGet Free Report) insider Dj Monagle III sold 1,180 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $74.12, for a total transaction of $87,461.60. Following the completion of the transaction, the insider now directly owns 81,031 shares of the company’s stock, valued at $6,006,017.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Minerals Technologies Stock Performance

Shares of MTX stock opened at $74.83 on Wednesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.69 and a current ratio of 2.40. Minerals Technologies Inc. has a one year low of $48.61 and a one year high of $75.43. The company’s 50-day simple moving average is $70.50 and its 200-day simple moving average is $63.58. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 28.89 and a beta of 1.33.

Minerals Technologies (NYSE:MTXGet Free Report) last issued its quarterly earnings results on Friday, February 2nd. The basic materials company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.25 by $0.03. Minerals Technologies had a net margin of 3.88% and a return on equity of 10.26%. The business had revenue of $524.50 million for the quarter, compared to analysts’ expectations of $506.67 million. During the same quarter last year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate that Minerals Technologies Inc. will post 5.9 earnings per share for the current fiscal year.

Minerals Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 15th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.40 annualized dividend and a yield of 0.53%. Minerals Technologies’s dividend payout ratio (DPR) is 15.44%.

Analyst Upgrades and Downgrades

MTX has been the subject of a number of analyst reports. StockNews.com raised shares of Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 8th. TheStreet raised shares of Minerals Technologies from a “c+” rating to a “b” rating in a research report on Friday, February 2nd. Finally, Seaport Res Ptn raised shares of Minerals Technologies from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. Four analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $68.50.

Check Out Our Latest Analysis on MTX

Institutional Investors Weigh In On Minerals Technologies

Institutional investors and hedge funds have recently bought and sold shares of the business. Duality Advisers LP raised its stake in Minerals Technologies by 76.8% during the third quarter. Duality Advisers LP now owns 7,576 shares of the basic materials company’s stock worth $415,000 after acquiring an additional 3,292 shares during the period. New York State Common Retirement Fund raised its stake in Minerals Technologies by 52.7% during the third quarter. New York State Common Retirement Fund now owns 20,558 shares of the basic materials company’s stock worth $1,126,000 after acquiring an additional 7,098 shares during the period. Jump Financial LLC acquired a new stake in Minerals Technologies during the third quarter worth about $867,000. Charles Schwab Investment Management Inc. raised its stake in Minerals Technologies by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 458,840 shares of the basic materials company’s stock worth $25,126,000 after acquiring an additional 22,790 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in Minerals Technologies by 42.5% during the third quarter. Qube Research & Technologies Ltd now owns 67,861 shares of the basic materials company’s stock worth $3,716,000 after acquiring an additional 20,243 shares during the period. Institutional investors and hedge funds own 94.24% of the company’s stock.

Minerals Technologies Company Profile

(Get Free Report)

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.

Further Reading

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