Minerals Technologies Inc. (NYSE:MTX) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in shares of Minerals Technologies Inc. (NYSE:MTX) by 9.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 273,941 shares of the basic materials company’s stock after purchasing an additional 22,857 shares during the period. Wellington Management Group LLP’s holdings in Minerals Technologies were worth $19,535,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MTX. Deutsche Bank AG increased its position in shares of Minerals Technologies by 13.6% during the third quarter. Deutsche Bank AG now owns 16,075 shares of the basic materials company’s stock worth $880,000 after purchasing an additional 1,919 shares in the last quarter. Rhumbline Advisers increased its position in shares of Minerals Technologies by 0.4% during the third quarter. Rhumbline Advisers now owns 106,485 shares of the basic materials company’s stock worth $5,831,000 after purchasing an additional 453 shares in the last quarter. FMR LLC increased its position in shares of Minerals Technologies by 60.7% during the third quarter. FMR LLC now owns 55,964 shares of the basic materials company’s stock worth $3,065,000 after purchasing an additional 21,140 shares in the last quarter. Invesco Ltd. increased its position in shares of Minerals Technologies by 3.0% in the 3rd quarter. Invesco Ltd. now owns 163,059 shares of the basic materials company’s stock valued at $8,929,000 after acquiring an additional 4,821 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of Minerals Technologies in the 3rd quarter valued at $58,000. 97.29% of the stock is owned by institutional investors and hedge funds.

Minerals Technologies Price Performance

NYSE MTX opened at $81.98 on Wednesday. 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 fifty day moving average price is $80.55 and its 200 day moving average price is $73.88. Minerals Technologies Inc. has a 1 year low of $48.61 and a 1 year high of $87.46. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 28.37 and a beta of 1.31.

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

Minerals Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 13th. Investors of record on Friday, May 31st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. The ex-dividend date was Friday, May 31st. Minerals Technologies’s payout ratio is 13.84%.

Insider Activity at Minerals Technologies

In other Minerals Technologies news, SVP Jonathan J. Hastings sold 8,964 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $85.42, for a total transaction of $765,704.88. Following the sale, the senior vice president now directly owns 53,862 shares of the company’s stock, valued at approximately $4,600,892.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Minerals Technologies news, insider Brett Argirakis sold 2,259 shares of the stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $83.95, for a total transaction of $189,643.05. Following the sale, the insider now directly owns 23,102 shares of the company’s stock, valued at approximately $1,939,412.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jonathan J. Hastings sold 8,964 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $85.42, for a total value of $765,704.88. Following the sale, the senior vice president now directly owns 53,862 shares in the company, valued at $4,600,892.04. The disclosure for this sale can be found here. Insiders have sold a total of 43,230 shares of company stock valued at $3,652,137 in the last ninety days. Company insiders own 3.50% 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.