Minerals Technologies Inc. (NYSE:MTX) Insider Sells $1,189,971.27 in Stock

Minerals Technologies Inc. (NYSE:MTX) insider Dj Monagle III sold 14,229 shares of Minerals Technologies stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $83.63, for a total value of $1,189,971.27. Following the completion of the sale, the insider now directly owns 79,731 shares in the company, valued at $6,667,903.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Minerals Technologies Price Performance

Shares of NYSE:MTX traded up $0.54 during trading on Wednesday, reaching $82.44. The stock had a trading volume of 31,356 shares, compared to its average volume of 161,562. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 2.49. The business has a fifty day moving average price of $80.55 and a 200-day moving average price of $73.88. The stock has a market cap of $2.66 billion, a PE ratio of 28.38 and a beta of 1.31. Minerals Technologies Inc. has a 1-year low of $48.61 and a 1-year high of $87.46.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, April 25th. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.22. Minerals Technologies had a return on equity of 10.87% and a net margin of 4.35%. The firm had revenue of $534.50 million for the quarter, compared to analyst estimates of $545.55 million. During the same period in the previous year, the company posted $1.14 earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. On average, equities analysts forecast that Minerals Technologies Inc. will post 6.29 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Friday, May 31st were given a dividend of $0.10 per share. The ex-dividend date was Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.49%. Minerals Technologies’s payout ratio is 13.84%.

Hedge Funds Weigh In On Minerals Technologies

Institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its holdings in shares of Minerals Technologies by 1.6% in the 4th quarter. US Bancorp DE now owns 12,457 shares of the basic materials company’s stock valued at $888,000 after buying an additional 196 shares during the period. Parallel Advisors LLC raised its holdings in shares of Minerals Technologies by 97.9% in the 4th quarter. Parallel Advisors LLC now owns 556 shares of the basic materials company’s stock valued at $40,000 after buying an additional 275 shares during the period. Texas Permanent School Fund Corp raised its holdings in shares of Minerals Technologies by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 28,482 shares of the basic materials company’s stock valued at $2,144,000 after buying an additional 368 shares during the period. ProShare Advisors LLC raised its holdings in shares of Minerals Technologies by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 6,563 shares of the basic materials company’s stock valued at $494,000 after buying an additional 452 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Minerals Technologies by 0.4% in the 3rd quarter. Rhumbline Advisers now owns 106,485 shares of the basic materials company’s stock valued at $5,831,000 after buying an additional 453 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

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.