Keeley Teton Advisors LLC Raises Stock Holdings in Minerals Technologies Inc. (NYSE:MTX)

Keeley Teton Advisors LLC boosted its stake in Minerals Technologies Inc. (NYSE:MTX) by 10.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,864 shares of the basic materials company’s stock after buying an additional 3,010 shares during the period. Keeley Teton Advisors LLC owned approximately 0.10% of Minerals Technologies worth $2,474,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Minerals Technologies by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,738,256 shares of the basic materials company’s stock worth $281,416,000 after buying an additional 25,056 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Minerals Technologies by 2.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,267,569 shares of the basic materials company’s stock worth $161,702,000 after buying an additional 49,192 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of Minerals Technologies by 0.5% during the fourth quarter. Boston Trust Walden Corp now owns 644,055 shares of the basic materials company’s stock worth $45,928,000 after buying an additional 3,135 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Minerals Technologies by 10.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 514,036 shares of the basic materials company’s stock worth $38,697,000 after buying an additional 48,378 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Minerals Technologies by 2.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 470,476 shares of the basic materials company’s stock worth $33,550,000 after buying an additional 11,636 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Minerals Technologies

In other Minerals Technologies news, Director Kristina M. Johnson purchased 400 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was purchased at an average cost of $80.92 per share, with a total value of $32,368.00. Following the completion of the acquisition, the director now directly owns 400 shares of the company’s stock, valued at approximately $32,368. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Kristina M. Johnson acquired 400 shares of the firm’s stock in a transaction dated Thursday, May 16th. The stock was acquired at an average cost of $80.92 per share, with a total value of $32,368.00. Following the completion of the acquisition, the director now owns 400 shares of the company’s stock, valued at $32,368. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Dj Monagle III sold 14,229 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $83.63, for a total value of $1,189,971.27. Following the completion of the sale, the insider now directly owns 79,731 shares of the company’s stock, valued at $6,667,903.53. The disclosure for this sale can be found here. Insiders sold 57,459 shares of company stock valued at $4,842,108 over the last three months. 3.50% of the stock is owned by corporate insiders.

Minerals Technologies Stock Down 8.8 %

Shares of Minerals Technologies stock traded down $7.75 on Friday, reaching $80.50. 319,855 shares of the company were exchanged, compared to its average volume of 153,877. Minerals Technologies Inc. has a 1-year low of $48.61 and a 1-year high of $90.29. The company has a market cap of $2.60 billion, a P/E ratio of 27.85 and a beta of 1.32. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.49 and a quick ratio of 1.75. The stock’s 50 day moving average price is $84.26 and its 200-day moving average price is $76.37.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings data on Thursday, July 25th. The basic materials company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.04. The business had revenue of $541.20 million during the quarter, compared to the consensus estimate of $561.60 million. Minerals Technologies had a return on equity of 11.51% and a net margin of 4.05%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.31 earnings per share. As a group, equities analysts forecast that Minerals Technologies Inc. will post 6.29 EPS for the current year.

Minerals Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Friday, August 16th. Minerals Technologies’s dividend payout ratio (DPR) is 13.84%.

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.