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 Minerals Technologies stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $74.12, for a total value of $87,461.60. Following the completion of the sale, the insider now owns 81,031 shares of the company’s stock, valued at $6,006,017.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Minerals Technologies Stock Performance

MTX opened at $76.70 on Thursday. Minerals Technologies Inc. has a 52-week low of $48.61 and a 52-week high of $76.71. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.54. The company has a market cap of $2.48 billion, a P/E ratio of 29.61 and a beta of 1.33. The firm’s 50-day moving average price is $70.74 and its 200-day moving average price is $63.67.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Friday, February 2nd. The basic materials company reported $1.28 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $524.50 million for the quarter, compared to the consensus estimate of $506.67 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Minerals Technologies Inc. will post 5.9 EPS for the current fiscal year.

Minerals Technologies Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 0.52%. Minerals Technologies’s dividend payout ratio is currently 15.44%.

Institutional Investors Weigh In On Minerals Technologies

Large investors have recently bought and sold shares of the company. Duality Advisers LP boosted its position in Minerals Technologies by 76.8% in the third quarter. Duality Advisers LP now owns 7,576 shares of the basic materials company’s stock valued at $415,000 after buying an additional 3,292 shares during the last quarter. New York State Common Retirement Fund boosted its position in Minerals Technologies by 52.7% in the third quarter. New York State Common Retirement Fund now owns 20,558 shares of the basic materials company’s stock valued at $1,126,000 after buying an additional 7,098 shares during the last quarter. Jump Financial LLC purchased a new stake in Minerals Technologies in the third quarter valued at approximately $867,000. Charles Schwab Investment Management Inc. boosted its position in Minerals Technologies by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 458,840 shares of the basic materials company’s stock worth $25,126,000 after purchasing an additional 22,790 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in Minerals Technologies by 42.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 67,861 shares of the basic materials company’s stock worth $3,716,000 after purchasing an additional 20,243 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Minerals Technologies

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.