Gamco Investors INC. ET AL Has $17.69 Million Stake in Minerals Technologies Inc. (NYSE:MTX)

Gamco Investors INC. ET AL trimmed its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 235,000 shares of the basic materials company’s stock after selling 2,400 shares during the period. Gamco Investors INC. ET AL owned about 0.73% of Minerals Technologies worth $17,691,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings 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 acquiring an additional 25,056 shares during the period. Dimensional Fund Advisors LP increased its stake in Minerals Technologies by 2.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,267,569 shares of the basic materials company’s stock valued at $161,702,000 after buying an additional 49,192 shares during the last quarter. Boston Trust Walden Corp increased its stake in Minerals Technologies by 0.5% in the 4th quarter. Boston Trust Walden Corp now owns 644,055 shares of the basic materials company’s stock valued at $45,928,000 after buying an additional 3,135 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Minerals Technologies by 10.4% during the 1st 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. lifted its position in Minerals Technologies by 2.5% during the 4th 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 institutional investors and hedge funds.

Insider Buying and Selling at Minerals Technologies

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 completion of the transaction, the insider now directly owns 79,731 shares in the company, valued at $6,667,903.53. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other 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 completion of the sale, the insider now directly owns 79,731 shares of the company’s stock, valued at $6,667,903.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michael Cipolla sold 11,958 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $84.36, for a total value of $1,008,776.88. Following the completion of the sale, the vice president now directly owns 35,864 shares of the company’s stock, valued at $3,025,487.04. The disclosure for this sale can be found here. Insiders sold a total of 57,459 shares of company stock worth $4,842,108 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.

Minerals Technologies Stock Down 8.8 %

NYSE:MTX traded down $7.75 on Friday, hitting $80.50. 319,855 shares of the company’s stock were exchanged, compared to its average volume of 153,877. The firm has a 50-day moving average price of $84.26 and a 200-day moving average price of $76.37. Minerals Technologies Inc. has a 52 week low of $48.61 and a 52 week high of $90.29. 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 company has a market cap of $2.60 billion, a P/E ratio of 27.84 and a beta of 1.32.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.04. The firm 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 was down 1.9% compared to the same quarter last year. During the same period last year, the company earned $1.31 earnings per share. As a group, analysts expect that Minerals Technologies Inc. will post 6.29 EPS for the current fiscal year.

Minerals Technologies Dividend Announcement

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

Minerals Technologies 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.