Oregon Public Employees Retirement Fund trimmed its position in Minerals Technologies Inc. (NYSE:MTX – Get Rating) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,624 shares of the basic materials company’s stock after selling 300 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Minerals Technologies were worth $703,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in MTX. New York State Teachers Retirement System raised its stake in shares of Minerals Technologies by 4.7% in the fourth quarter. New York State Teachers Retirement System now owns 69,913 shares of the basic materials company’s stock worth $5,114,000 after purchasing an additional 3,122 shares during the last quarter. Foundry Partners LLC raised its stake in shares of Minerals Technologies by 0.9% in the fourth quarter. Foundry Partners LLC now owns 158,393 shares of the basic materials company’s stock worth $11,586,000 after purchasing an additional 1,348 shares during the last quarter. NN Investment Partners Holdings N.V. raised its stake in shares of Minerals Technologies by 279.0% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 44,505 shares of the basic materials company’s stock worth $3,255,000 after purchasing an additional 32,762 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Minerals Technologies in the fourth quarter worth about $29,550,000. Finally, Meritage Portfolio Management purchased a new position in shares of Minerals Technologies in the fourth quarter worth about $218,000. Hedge funds and other institutional investors own 94.87% of the company’s stock.
MTX opened at $60.13 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.40 and a quick ratio of 1.66. The firm has a fifty day moving average price of $63.35 and a 200 day moving average price of $66.32. Minerals Technologies Inc. has a 1 year low of $57.52 and a 1 year high of $81.86. The stock has a market cap of $1.98 billion, a P/E ratio of 12.00 and a beta of 1.27.
Minerals Technologies (NYSE:MTX – Get Rating) last posted its earnings results on Thursday, April 28th. The basic materials company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.11. Minerals Technologies had a net margin of 8.75% and a return on equity of 11.17%. The firm had revenue of $519.10 million during the quarter, compared to analysts’ expectations of $513.83 million. During the same period in the previous year, the business posted $1.17 EPS. The business’s revenue was up 14.7% compared to the same quarter last year. Equities analysts expect that Minerals Technologies Inc. will post 5.63 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 16th. Investors of record on Thursday, June 2nd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend was Wednesday, June 1st. Minerals Technologies’s dividend payout ratio is currently 3.99%.
Separately, StockNews.com downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, June 28th.
Minerals Technologies Company Profile (Get Rating)
Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company operates through three segments: Performance Materials, Specialty Minerals and Refractories. The Performance Materials segment supplies bentonite and bentonite-related products, as well as leonardite.
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