Private Capital Group LLC Reduces Stock Position in Minerals Technologies Inc. (NYSE:MTX)

Private Capital Group LLC lowered its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 27.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 865 shares of the basic materials company’s stock after selling 324 shares during the period. Private Capital Group LLC’s holdings in Minerals Technologies were worth $60,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MTX. FMR LLC boosted its position in Minerals Technologies by 426,500.0% during the 1st quarter. FMR LLC now owns 8,532 shares of the basic materials company’s stock valued at $501,000 after buying an additional 8,530 shares during the period. First Trust Advisors LP raised its holdings in Minerals Technologies by 4.2% in the 1st quarter. First Trust Advisors LP now owns 33,348 shares of the basic materials company’s stock worth $1,961,000 after purchasing an additional 1,348 shares in the last quarter. Captrust Financial Advisors raised its holdings in Minerals Technologies by 661.5% in the 1st quarter. Captrust Financial Advisors now owns 495 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 430 shares in the last quarter. Jane Street Group LLC bought a new position in Minerals Technologies in the 1st quarter worth $242,000. Finally, Cubist Systematic Strategies LLC raised its holdings in Minerals Technologies by 44.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 3,666 shares of the basic materials company’s stock worth $276,000 after purchasing an additional 1,123 shares in the last quarter. 96.30% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research upgraded shares of Minerals Technologies from a “sell” rating to a “hold” rating in a report on Thursday, November 11th.

Shares of Minerals Technologies stock opened at $71.44 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.77 and a current ratio of 2.43. The stock has a 50-day simple moving average of $72.95. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 15.77 and a beta of 1.43. Minerals Technologies Inc. has a 1 year low of $58.89 and a 1 year high of $88.62.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, November 4th. The basic materials company reported $1.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.06. The company had revenue of $473.20 million during the quarter, compared to analyst estimates of $473.24 million. Minerals Technologies had a net margin of 8.51% and a return on equity of 10.83%. Minerals Technologies’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same period last year, the business earned $0.92 EPS. Equities analysts anticipate that Minerals Technologies Inc. will post 4.96 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 9th. Investors of record on Wednesday, November 3rd will be paid a $0.05 dividend. The ex-dividend date is Tuesday, November 2nd. This represents a $0.20 annualized dividend and a dividend yield of 0.28%. Minerals Technologies’s payout ratio is 4.42%.

In related news, insider Dj Monagle III sold 8,600 shares of the stock in a transaction dated Wednesday, November 17th. The shares were sold at an average price of $74.29, for a total value of $638,894.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.20% of the stock is owned by company insiders.

About Minerals Technologies

Minerals Technologies, Inc is a resource and technology-based company. It develops, produces, and markets a range of mineral, mineral-based, and synthetic mineral products. It operates through the following four segments: Performance Materials, Specialty Minerals, Refractories and Energy Services. The Performance Materials segment supplies bentonite and bentonite-related products, chromite and leonardite.

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

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