Minerals Technologies Inc (NYSE:MTX) Director John J. Carmola purchased 800 shares of the company’s stock in a transaction on Wednesday, August 8th. The stock was purchased at an average price of $68.00 per share, with a total value of $54,400.00. Following the completion of the transaction, the director now owns 1,200 shares of the company’s stock, valued at $81,600. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Minerals Technologies opened at $69.05 on Friday, according to MarketBeat Ratings. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.71 and a beta of 2.23. Minerals Technologies Inc has a 1-year low of $62.55 and a 1-year high of $80.80. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.08 and a quick ratio of 1.53.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.02. The business had revenue of $464.70 million during the quarter, compared to analyst estimates of $442.45 million. Minerals Technologies had a net margin of 11.50% and a return on equity of 13.02%. The company’s revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 earnings per share. equities research analysts anticipate that Minerals Technologies Inc will post 4.91 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 6th. Shareholders of record on Friday, August 24th will be given a $0.05 dividend. The ex-dividend date is Thursday, August 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.29%. Minerals Technologies’s payout ratio is currently 4.36%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc lifted its holdings in shares of Minerals Technologies by 10.0% in the first quarter. Legal & General Group Plc now owns 35,481 shares of the basic materials company’s stock worth $2,375,000 after buying an additional 3,214 shares in the last quarter. Boston Partners lifted its holdings in shares of Minerals Technologies by 13.5% in the first quarter. Boston Partners now owns 648,064 shares of the basic materials company’s stock worth $43,388,000 after buying an additional 77,290 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Minerals Technologies by 5.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 236,524 shares of the basic materials company’s stock worth $15,836,000 after buying an additional 11,375 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Minerals Technologies by 9.5% in the first quarter. Eagle Asset Management Inc. now owns 116,749 shares of the basic materials company’s stock worth $7,816,000 after buying an additional 10,158 shares in the last quarter. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Minerals Technologies in the fourth quarter worth $326,000. Institutional investors and hedge funds own 92.68% of the company’s stock.

MTX has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. ValuEngine lowered shares of Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.

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