US Bancorp DE Has $1.29 Million Position in Minerals Technologies Inc. (MTX)
US Bancorp DE boosted its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 4.6% during the second quarter, Holdings Channel reports. The fund owned 17,682 shares of the basic materials company’s stock after buying an additional 771 shares during the period. US Bancorp DE’s holdings in Minerals Technologies were worth $1,294,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Minerals Technologies by 19,626.2% in the first quarter. BlackRock Inc. now owns 3,587,805 shares of the basic materials company’s stock valued at $274,825,000 after buying an additional 3,569,617 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Minerals Technologies by 6.0% in the first quarter. Vanguard Group Inc. now owns 2,912,740 shares of the basic materials company’s stock valued at $223,116,000 after buying an additional 163,884 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Minerals Technologies by 16.3% in the first quarter. Macquarie Group Ltd. now owns 897,356 shares of the basic materials company’s stock valued at $68,737,000 after buying an additional 125,664 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Minerals Technologies by 26.5% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 480,675 shares of the basic materials company’s stock valued at $35,185,000 after buying an additional 100,600 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its stake in shares of Minerals Technologies by 47.1% in the first quarter. Nuveen Asset Management LLC now owns 203,634 shares of the basic materials company’s stock valued at $15,598,000 after buying an additional 65,209 shares during the last quarter. Institutional investors own 94.46% of the company’s stock.
Minerals Technologies Inc. (NYSE:MTX) traded down 1.38% on Monday, hitting $68.00. 65,503 shares of the stock traded hands. The stock has a 50-day moving average price of $72.64 and a 200 day moving average price of $75.43. Minerals Technologies Inc. has a 12-month low of $63.55 and a 12-month high of $83.85. The stock has a market cap of $2.39 billion, a P/E ratio of 17.94 and a beta of 2.20.
Minerals Technologies (NYSE:MTX) last announced its earnings results on Thursday, August 3rd. The basic materials company reported $1.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.24 by $0.01. Minerals Technologies had a return on equity of 15.04% and a net margin of 9.62%. The company had revenue of $414.10 million during the quarter, compared to the consensus estimate of $427.21 million. On average, equities analysts expect that Minerals Technologies Inc. will post $4.72 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Friday, August 25th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date is Wednesday, August 23rd. Minerals Technologies’s dividend payout ratio is presently 4.55%.
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MTX has been the topic of several analyst reports. Zacks Investment Research lowered shares of Minerals Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, May 10th. BidaskClub lowered shares of Minerals Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. Finally, ValuEngine cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th.
About Minerals Technologies
Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and supporting systems and services around the world. It operates through five segments. The Specialty Minerals produces and sells the synthetic mineral product precipitated calcium carbonate (PCC) and processed mineral product quicklime (lime).
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