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

Minerals Technologies Inc. (NYSE:MTX) insider Dj Monagle III sold 1,180 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $6,006,017.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Minerals Technologies Trading Up 2.5 %

Shares of NYSE MTX opened at $76.70 on Thursday. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 29.61 and a beta of 1.33. Minerals Technologies Inc. has a twelve month low of $48.61 and a twelve month high of $76.71. The company’s fifty day moving average is $70.74 and its 200-day moving average is $63.67. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.54.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Friday, February 2nd. The basic materials company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.25 by $0.03. The business had revenue of $524.50 million for the quarter, compared to analysts’ expectations of $506.67 million. Minerals Technologies had a net margin of 3.88% and a return on equity of 10.26%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. Equities research analysts predict that Minerals Technologies Inc. will post 5.9 EPS for the current year.

Minerals Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 7th. Investors of record on Thursday, February 15th were given a $0.10 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $0.40 annualized dividend and a yield of 0.52%. Minerals Technologies’s dividend payout ratio is currently 15.44%.

Institutional Investors Weigh In On Minerals Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Dark Forest Capital Management LP bought a new stake in Minerals Technologies in the 1st quarter valued at $29,000. Parallel Advisors LLC lifted its position in Minerals Technologies by 97.9% during the 4th quarter. Parallel Advisors LLC now owns 556 shares of the basic materials company’s stock worth $40,000 after buying an additional 275 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in Minerals Technologies during the 3rd quarter worth about $44,000. Quarry LP bought a new stake in Minerals Technologies during the 2nd quarter worth about $49,000. Finally, Quantbot Technologies LP lifted its position in Minerals Technologies by 126.1% during the 2nd quarter. Quantbot Technologies LP now owns 997 shares of the basic materials company’s stock worth $61,000 after buying an additional 556 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.