Eaton Vance Management Increases Position in Minerals Technologies Inc (MTX)
Eaton Vance Management boosted its position in shares of Minerals Technologies Inc (NYSE:MTX) by 33.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,957 shares of the basic materials company’s stock after buying an additional 24,468 shares during the quarter. Eaton Vance Management owned 0.27% of Minerals Technologies worth $6,554,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc boosted its position in shares of Minerals Technologies by 1,300.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 1,400 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 1,300 shares during the period. MetLife Investment Advisors LLC boosted its position in shares of Minerals Technologies by 3.6% in the 2nd quarter. MetLife Investment Advisors LLC now owns 38,439 shares of the basic materials company’s stock valued at $2,896,000 after purchasing an additional 1,329 shares during the period. Principal Financial Group Inc. boosted its position in shares of Minerals Technologies by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 166,804 shares of the basic materials company’s stock valued at $11,167,000 after purchasing an additional 3,645 shares during the period. BlueMountain Capital Management LLC boosted its position in shares of Minerals Technologies by 133.1% in the 2nd quarter. BlueMountain Capital Management LLC now owns 7,455 shares of the basic materials company’s stock valued at $562,000 after purchasing an additional 4,257 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in shares of Minerals Technologies in the 2nd quarter valued at $509,000. Institutional investors and hedge funds own 93.99% of the company’s stock.
In other Minerals Technologies news, VP Andrew M. Jones sold 7,486 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $57.31, for a total transaction of $429,022.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.40% of the company’s stock.
NYSE:MTX opened at $53.01 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.15 and a quick ratio of 1.57. Minerals Technologies Inc has a 1-year low of $51.50 and a 1-year high of $80.80. The firm has a market capitalization of $1.92 billion, a P/E ratio of 11.37, a P/E/G ratio of 1.29 and a beta of 2.16.
Minerals Technologies (NYSE:MTX) last announced its quarterly earnings data on Thursday, November 1st. The basic materials company reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.02. Minerals Technologies had a return on equity of 12.91% and a net margin of 11.38%. The firm had revenue of $464.10 million during the quarter, compared to analyst estimates of $464.20 million. During the same period last year, the company posted $1.19 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts expect that Minerals Technologies Inc will post 4.84 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Monday, November 26th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 23rd. This represents a $0.20 dividend on an annualized basis and a yield of 0.38%. Minerals Technologies’s payout ratio is presently 4.36%.
Minerals Technologies Company Profile
Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.
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