Jonathan J. Hastings Sells 8,964 Shares of Minerals Technologies Inc. (NYSE:MTX) Stock

Minerals Technologies Inc. (NYSE:MTX) SVP Jonathan J. Hastings sold 8,964 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $85.42, for a total value of $765,704.88. Following the completion of the sale, the senior vice president now owns 53,862 shares of the company’s stock, valued at approximately $4,600,892.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Minerals Technologies Price Performance

MTX stock opened at $82.48 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.75 and a current ratio of 2.49. Minerals Technologies Inc. has a 1 year low of $48.61 and a 1 year high of $87.46. The firm has a market cap of $2.66 billion, a P/E ratio of 28.54 and a beta of 1.31. The stock has a 50-day simple moving average of $78.95 and a 200-day simple moving average of $72.89.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, April 25th. The basic materials company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.22. The firm had revenue of $534.50 million during the quarter, compared to the consensus estimate of $545.55 million. Minerals Technologies had a return on equity of 10.87% and a net margin of 4.35%. Minerals Technologies’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.14 earnings per share. On average, equities analysts predict that Minerals Technologies Inc. will post 6.29 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Friday, May 31st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Friday, May 31st. Minerals Technologies’s dividend payout ratio is currently 13.84%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC boosted its holdings in Minerals Technologies by 97.9% in the fourth quarter. Parallel Advisors LLC now owns 556 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 275 shares during the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of Minerals Technologies in the 3rd quarter valued at approximately $44,000. Acadian Asset Management LLC acquired a new stake in shares of Minerals Technologies during the 3rd quarter valued at approximately $58,000. Fidelis Capital Partners LLC bought a new position in Minerals Technologies during the first quarter worth $77,000. Finally, International Assets Investment Management LLC boosted its holdings in Minerals Technologies by 1,266.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,284 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 1,190 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.