Meeder Asset Management Inc. acquired a new position in Minerals Technologies Inc. (NYSE:MTX) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,356 shares of the basic materials company’s stock, valued at approximately $760,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado purchased a new stake in Minerals Technologies in the 4th quarter worth $152,000. Global X Management Co. LLC boosted its stake in shares of Minerals Technologies by 75.9% during the 4th quarter. Global X Management Co. LLC now owns 2,434 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 1,050 shares in the last quarter. Alambic Investment Management L.P. bought a new stake in shares of Minerals Technologies during the 4th quarter worth about $262,000. Stoneridge Investment Partners LLC bought a new stake in shares of Minerals Technologies during the 4th quarter worth about $280,000. Finally, Verition Fund Management LLC bought a new stake in shares of Minerals Technologies during the 4th quarter worth about $290,000. 98.70% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the company. ValuEngine raised Minerals Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. Zacks Investment Research raised Minerals Technologies from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Tuesday, April 24th.
Minerals Technologies (NYSE:MTX) last released its earnings results on Thursday, May 3rd. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. The business had revenue of $431.30 million for the quarter, compared to the consensus estimate of $420.00 million. Minerals Technologies had a return on equity of 13.36% and a net margin of 11.77%. Minerals Technologies’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 earnings per share. equities analysts predict that Minerals Technologies Inc. will post 4.93 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 31st will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, May 30th. This represents a $0.20 annualized dividend and a yield of 0.27%. Minerals Technologies’s dividend payout ratio is currently 4.36%.
Minerals Technologies Profile
Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.
Receive News & Ratings for Minerals Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Minerals Technologies and related companies with MarketBeat.com's FREE daily email newsletter.