Meeder Asset Management Inc. Raises Position in Minerals Technologies Inc (MTX)

Meeder Asset Management Inc. lifted its position in Minerals Technologies Inc (NYSE:MTX) by 90.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,347 shares of the basic materials company’s stock after acquiring an additional 6,832 shares during the quarter. Meeder Asset Management Inc.’s holdings in Minerals Technologies were worth $844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Minerals Technologies by 3.8% in the 4th quarter. BlackRock Inc. now owns 4,122,961 shares of the basic materials company’s stock worth $211,673,000 after purchasing an additional 152,414 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Minerals Technologies by 1.3% in the 3rd quarter. Vanguard Group Inc now owns 3,249,318 shares of the basic materials company’s stock worth $219,654,000 after purchasing an additional 41,020 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Minerals Technologies by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 3,249,318 shares of the basic materials company’s stock worth $219,654,000 after purchasing an additional 41,020 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Minerals Technologies by 8.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,742,260 shares of the basic materials company’s stock worth $89,447,000 after purchasing an additional 131,643 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Minerals Technologies by 13.7% in the 4th quarter. Victory Capital Management Inc. now owns 1,138,004 shares of the basic materials company’s stock worth $58,425,000 after purchasing an additional 137,465 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

Shares of MTX traded down $0.19 during midday trading on Friday, reaching $59.93. The stock had a trading volume of 76,875 shares, compared to its average volume of 98,751. Minerals Technologies Inc has a 52 week low of $47.07 and a 52 week high of $80.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.66 and a current ratio of 2.31. The company has a market capitalization of $2.12 billion, a PE ratio of 12.38, a P/E/G ratio of 1.73 and a beta of 1.92.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $1.11 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.11. Minerals Technologies had a return on equity of 12.52% and a net margin of 9.37%. The company had revenue of $437.70 million for the quarter, compared to the consensus estimate of $447.65 million. During the same quarter in the previous year, the business earned $1.12 EPS. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts forecast that Minerals Technologies Inc will post 4.97 EPS for the current fiscal year.

MTX has been the topic of several recent analyst reports. JPMorgan Chase & Co. downgraded Minerals Technologies from an “overweight” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research note on Wednesday, May 1st. Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Gabelli reaffirmed a “buy” rating on shares of Minerals Technologies in a research note on Thursday, March 28th. Finally, TheStreet raised Minerals Technologies from a “c+” rating to a “b-” rating in a research note on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $65.00.

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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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Institutional Ownership by Quarter for Minerals Technologies (NYSE:MTX)

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