Minerals Technologies (NYSE:MTX) Sets New 12-Month High at $90.01

Minerals Technologies Inc. (NYSE:MTX) shares reached a new 52-week high on Wednesday . The stock traded as high as $90.01 and last traded at $90.01, with a volume of 8687 shares. The stock had previously closed at $88.90.

Minerals Technologies Price Performance

The company’s 50-day moving average is $84.07 and its two-hundred day moving average is $76.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.49 and a quick ratio of 1.75. The firm has a market cap of $2.83 billion, a P/E ratio of 30.31 and a beta of 1.32.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Thursday, April 25th. The basic materials company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.22. Minerals Technologies had a net margin of 4.35% and a return on equity of 10.87%. The business had revenue of $534.50 million during the quarter, compared to analysts’ expectations of $545.55 million. During the same quarter in the prior year, the business posted $1.14 earnings per share. Minerals Technologies’s revenue was down 2.1% compared to the same quarter last year. Sell-side analysts anticipate that Minerals Technologies Inc. will post 6.29 EPS for the current fiscal year.

Minerals Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $0.40 annualized dividend and a yield of 0.46%. Minerals Technologies’s dividend payout ratio is 13.84%.

Insider Buying and Selling

In other Minerals Technologies news, insider Dj Monagle III sold 14,229 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $83.63, for a total transaction of $1,189,971.27. Following the completion of the transaction, the insider now owns 79,731 shares of the company’s stock, valued at $6,667,903.53. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Minerals Technologies news, CEO Douglas T. Dietrich sold 12,010 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $84.85, for a total transaction of $1,019,048.50. Following the completion of the transaction, the chief executive officer now owns 145,547 shares of the company’s stock, valued at $12,349,662.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dj Monagle III sold 14,229 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 79,731 shares of the company’s stock, valued at approximately $6,667,903.53. The disclosure for this sale can be found here. Insiders sold 57,459 shares of company stock valued at $4,842,108 over the last quarter. 3.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MTX. Parallel Advisors LLC increased its stake in shares of Minerals Technologies by 97.9% in the fourth 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. Fidelis Capital Partners LLC acquired a new position in shares of Minerals Technologies in the first quarter valued at approximately $77,000. International Assets Investment Management LLC increased its stake in shares of Minerals Technologies by 1,266.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,284 shares of the basic materials company’s stock valued at $92,000 after buying an additional 1,190 shares during the period. CWM LLC increased its stake in shares of Minerals Technologies by 585.6% in the second quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock valued at $111,000 after buying an additional 1,136 shares during the period. Finally, Lazard Asset Management LLC increased its stake in shares of Minerals Technologies by 374.9% in the first quarter. Lazard Asset Management LLC now owns 1,838 shares of the basic materials company’s stock valued at $138,000 after buying an additional 1,451 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Minerals Technologies Company Profile

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.