Minerals Technologies Inc (MTX) Holdings Lifted by Trillium Asset Management LLC

Trillium Asset Management LLC grew its holdings in shares of Minerals Technologies Inc (NYSE:MTX) by 4.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 73,566 shares of the basic materials company’s stock after purchasing an additional 3,061 shares during the quarter. Trillium Asset Management LLC’s holdings in Minerals Technologies were worth $4,325,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MTX. Norges Bank purchased a new position in shares of Minerals Technologies during the 4th quarter worth $22,597,000. BlackRock Inc. lifted its stake in shares of Minerals Technologies by 3.8% during 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 period. Victory Capital Management Inc. lifted its stake in shares of Minerals Technologies by 13.7% during 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 period. Dimensional Fund Advisors LP lifted its stake in shares of Minerals Technologies by 8.2% during 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 period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Minerals Technologies by 220.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 96,305 shares of the basic materials company’s stock worth $4,944,000 after purchasing an additional 66,283 shares during the period. 94.92% of the stock is currently owned by institutional investors.

Shares of MTX traded up $0.63 during trading hours on Thursday, hitting $58.47. The stock had a trading volume of 3,842 shares, compared to its average volume of 132,754. The company has a current ratio of 2.31, a quick ratio of 1.66 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2.01 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 1.64 and a beta of 1.92. Minerals Technologies Inc has a 12-month low of $47.07 and a 12-month high of $80.80.

Minerals Technologies (NYSE:MTX) last issued its earnings results on Thursday, May 2nd. The basic materials company reported $1.11 earnings per share for the quarter, hitting the consensus estimate of $1.11. The business had revenue of $437.70 million for the quarter, compared to analyst estimates of $447.65 million. Minerals Technologies had a return on equity of 12.52% and a net margin of 9.37%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $1.12 EPS. Sell-side analysts predict that Minerals Technologies Inc will post 4.97 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 30th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Wednesday, May 29th. Minerals Technologies’s dividend payout ratio (DPR) is currently 4.13%.

A number of research analysts have weighed in on the company. TheStreet raised Minerals Technologies from a “c+” rating to a “b-” rating in a research note on Thursday, April 25th. JPMorgan Chase & Co. lowered Minerals Technologies from an “overweight” rating to a “neutral” rating and set a $65.00 target price on the stock. in a research report on Wednesday, May 1st. Zacks Investment Research lowered Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. Finally, Gabelli reaffirmed a “buy” rating on shares of Minerals Technologies in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $65.00.

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About Minerals Technologies

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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