Kimelman & Baird LLC Invests $2.07 Million in Minerals Technologies Inc. (NYSE:MTX)

Kimelman & Baird LLC bought a new stake in shares of Minerals Technologies Inc. (NYSE:MTX) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 24,832 shares of the basic materials company’s stock, valued at approximately $2,065,000.

Several other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in shares of Minerals Technologies in the 4th quarter worth $19,192,000. US Bancorp DE lifted its position in shares of Minerals Technologies by 1.6% during the 4th quarter. US Bancorp DE now owns 12,457 shares of the basic materials company’s stock worth $888,000 after buying an additional 196 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of 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 acquiring an additional 275 shares in the last quarter. Evoke Wealth LLC purchased a new stake in shares of Minerals Technologies during the fourth quarter valued at approximately $328,000. Finally, Keeley Teton Advisors LLC lifted its holdings in Minerals Technologies by 12.0% during the fourth quarter. Keeley Teton Advisors LLC now owns 29,854 shares of the basic materials company’s stock worth $2,129,000 after acquiring an additional 3,187 shares during the period. Institutional investors own 97.29% of the company’s stock.

Minerals Technologies Trading Down 0.2 %

MTX stock opened at $75.69 on Monday. Minerals Technologies Inc. has a one year low of $48.61 and a one year high of $90.29. The company has a market capitalization of $2.44 billion, a PE ratio of 26.19 and a beta of 1.30. The company’s 50 day moving average price is $75.13 and its two-hundred day moving average price is $77.82. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.72 and a current ratio of 2.46.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.05. Minerals Technologies had a return on equity of 11.46% and a net margin of 4.05%. The company had revenue of $541.20 million for the quarter, compared to the consensus estimate of $561.60 million. During the same quarter in the previous year, the business earned $1.31 EPS. Minerals Technologies’s revenue was down 1.9% compared to the same quarter last year. As a group, analysts predict that Minerals Technologies Inc. will post 6.22 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a $0.10 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.40 annualized dividend and a yield of 0.53%. Minerals Technologies’s dividend payout ratio (DPR) is presently 13.84%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Minerals Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, September 25th.

About Minerals Technologies

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.