Capstone Investment Advisors LLC Makes New $223,000 Investment in Minerals Technologies Inc. (NYSE:MTX)

Capstone Investment Advisors LLC purchased a new stake in Minerals Technologies Inc. (NYSE:MTX) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,963 shares of the basic materials company’s stock, valued at approximately $223,000.

A number of other hedge funds have also made changes to their positions in the company. Diversified Trust Co lifted its stake in shares of Minerals Technologies by 56.9% in the 3rd quarter. Diversified Trust Co now owns 9,394 shares of the basic materials company’s stock valued at $514,000 after purchasing an additional 3,407 shares in the last quarter. Graham Capital Management L.P. bought a new stake in shares of Minerals Technologies in the 3rd quarter valued at approximately $397,000. American Century Companies Inc. increased its holdings in shares of Minerals Technologies by 1.4% in the 3rd quarter. American Century Companies Inc. now owns 1,241,758 shares of the basic materials company’s stock valued at $67,999,000 after acquiring an additional 17,742 shares during the last quarter. Wellington Management Group LLP boosted its position in Minerals Technologies by 65.4% during the 3rd quarter. Wellington Management Group LLP now owns 251,084 shares of the basic materials company’s stock valued at $13,749,000 after purchasing an additional 99,267 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Minerals Technologies during the 4th quarter valued at approximately $158,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Insider Activity at Minerals Technologies

In other Minerals Technologies news, insider Dj Monagle III sold 14,229 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $83.63, for a total value of $1,189,971.27. Following the transaction, the insider now owns 79,731 shares in the company, valued at $6,667,903.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Minerals Technologies news, insider Dj Monagle III sold 14,229 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $83.63, for a total value of $1,189,971.27. Following the sale, the insider now owns 79,731 shares of the company’s stock, valued at approximately $6,667,903.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas T. Dietrich sold 12,010 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $84.85, for a total value of $1,019,048.50. Following the completion of the sale, the chief executive officer now owns 145,547 shares of the company’s stock, valued at approximately $12,349,662.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,459 shares of company stock valued at $4,842,108. Company insiders own 3.50% of the company’s stock.

Minerals Technologies Trading Up 1.3 %

NYSE:MTX opened at $81.50 on Thursday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.49 and a quick ratio of 1.75. Minerals Technologies Inc. has a 12-month low of $48.61 and a 12-month high of $87.46. The business has a 50 day simple moving average of $82.51 and a 200 day simple moving average of $74.98. The firm has a market capitalization of $2.63 billion, a P/E ratio of 28.20 and a beta of 1.32.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings data on Thursday, April 25th. The basic materials company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.22. The business had revenue of $534.50 million during the quarter, compared to analyst estimates of $545.55 million. Minerals Technologies had a return on equity of 10.87% and a net margin of 4.35%. The company’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 earnings per share. Equities research analysts predict that Minerals Technologies Inc. will post 6.29 EPS for the current 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 given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.49%. The ex-dividend date was Friday, May 31st. Minerals Technologies’s payout ratio 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.