Minerals Technologies Inc (MTX) Holdings Decreased by Bank of Montreal Can
Bank of Montreal Can lowered its holdings in Minerals Technologies Inc (NYSE:MTX) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,186 shares of the basic materials company’s stock after selling 691 shares during the period. Bank of Montreal Can owned approximately 0.11% of Minerals Technologies worth $2,561,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in MTX. Boothbay Fund Management LLC purchased a new stake in shares of Minerals Technologies in the 3rd quarter valued at about $218,000. Victory Capital Management Inc. raised its holdings in shares of Minerals Technologies by 67.4% in the 3rd quarter. Victory Capital Management Inc. now owns 3,439 shares of the basic materials company’s stock valued at $243,000 after acquiring an additional 1,385 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Minerals Technologies by 19.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 3,948 shares of the basic materials company’s stock valued at $289,000 after acquiring an additional 631 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Minerals Technologies during the 3rd quarter valued at about $395,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Minerals Technologies during the 2nd quarter valued at about $402,000. 95.62% of the stock is currently owned by hedge funds and other institutional investors.
Minerals Technologies Inc (MTX) opened at $67.50 on Friday. The company has a current ratio of 2.75, a quick ratio of 2.04 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $2,367.81, a PE ratio of 12.34 and a beta of 2.29. Minerals Technologies Inc has a 1 year low of $62.55 and a 1 year high of $80.50.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Friday, February 16th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, February 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.30%. Minerals Technologies’s dividend payout ratio (DPR) is presently 3.66%.
In other news, Director Joseph C. Breunig acquired 800 shares of Minerals Technologies stock in a transaction dated Wednesday, February 7th. The shares were purchased at an average cost of $69.36 per share, for a total transaction of $55,488.00. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at $83,232. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.
Several equities analysts have recently commented on MTX shares. Zacks Investment Research upgraded Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, October 25th. ValuEngine upgraded Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, KeyCorp reiterated a “hold” rating on shares of Minerals Technologies in a research report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $80.00.
Minerals Technologies Profile
Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc.
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