Intech Investment Management LLC Has $788,000 Position in Minerals Technologies Inc. $MTX

Intech Investment Management LLC cut its holdings in shares of Minerals Technologies Inc. (NYSE:MTX) by 22.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,318 shares of the basic materials company’s stock after selling 4,186 shares during the quarter. Intech Investment Management LLC’s holdings in Minerals Technologies were worth $788,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MTX. American Century Companies Inc. raised its holdings in Minerals Technologies by 24.0% during the first quarter. American Century Companies Inc. now owns 1,068,079 shares of the basic materials company’s stock worth $67,898,000 after acquiring an additional 206,906 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Minerals Technologies by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 911,831 shares of the basic materials company’s stock worth $50,220,000 after purchasing an additional 5,348 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in shares of Minerals Technologies by 9.2% in the 2nd quarter. Boston Trust Walden Corp now owns 659,583 shares of the basic materials company’s stock valued at $36,323,000 after buying an additional 55,345 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Minerals Technologies in the 1st quarter valued at approximately $33,177,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Minerals Technologies by 7.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 393,285 shares of the basic materials company’s stock valued at $25,001,000 after buying an additional 28,877 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

Minerals Technologies Stock Performance

NYSE:MTX opened at $59.26 on Thursday. The stock has a 50 day simple moving average of $59.19 and a 200 day simple moving average of $59.30. The stock has a market cap of $1.85 billion, a P/E ratio of -2,961.52 and a beta of 1.26. Minerals Technologies Inc. has a 1-year low of $49.54 and a 1-year high of $84.04. The company has a current ratio of 1.98, a quick ratio of 1.37 and a debt-to-equity ratio of 0.56.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Wednesday, March 15th. The basic materials company reported $1.50 earnings per share for the quarter. Minerals Technologies had a positive return on equity of 10.69% and a negative net margin of 0.08%.The firm had revenue of $557.00 million for the quarter. Research analysts anticipate that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.

Minerals Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, October 30th will be paid a $0.12 dividend. This is a positive change from Minerals Technologies’s previous quarterly dividend of $0.11. The ex-dividend date is Thursday, October 30th. This represents a $0.48 annualized dividend and a yield of 0.8%. Minerals Technologies’s dividend payout ratio is presently -2,400.00%.

Insider Transactions at Minerals Technologies

In other Minerals Technologies news, insider Brett Argirakis sold 6,501 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $58.68, for a total value of $381,478.68. Following the completion of the sale, the insider owned 27,602 shares of the company’s stock, valued at $1,619,685.36. The trade was a 19.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Minerals Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Minerals Technologies in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Minerals Technologies has an average rating of “Hold” and a consensus target price of $84.00.

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.