Log Out

Ziegler Capital Management LLC Purchases 436 Shares of Minerals Technologies Inc. (NYSE:MTX)

Defense World · Oct 4, 2022 05:42

Ziegler Capital Management LLC boosted its position in shares of Minerals Technologies Inc. (NYSE:MTX – Get Rating) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,132 shares of the basic materials company's stock after purchasing an additional 436 shares during the period. Ziegler Capital Management LLC's holdings in Minerals Technologies were worth $990,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ellevest Inc. increased its holdings in Minerals Technologies by 74.9% during the 2nd quarter. Ellevest Inc. now owns 488 shares of the basic materials company's stock worth $30,000 after purchasing an additional 209 shares in the last quarter. Ethic Inc. bought a new position in Minerals Technologies during the 1st quarter worth about $203,000. Verdence Capital Advisors LLC increased its holdings in Minerals Technologies by 6.2% during the 1st quarter. Verdence Capital Advisors LLC now owns 3,532 shares of the basic materials company's stock worth $234,000 after purchasing an additional 207 shares in the last quarter. Inspire Investing LLC bought a new position in shares of Minerals Technologies in the 1st quarter valued at about $282,000. Finally, Mercer Global Advisors Inc. ADV grew its holdings in shares of Minerals Technologies by 60.4% in the 1st quarter. Mercer Global Advisors Inc. ADV now owns 4,773 shares of the basic materials company's stock valued at $316,000 after acquiring an additional 1,797 shares in the last quarter. Institutional investors own 96.13% of the company's stock.

Get Minerals Technologies alerts:

Minerals Technologies Price Performance

Shares of NYSE MTX opened at $51.72 on Tuesday. Minerals Technologies Inc. has a fifty-two week low of $49.38 and a fifty-two week high of $79.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.29 and a quick ratio of 1.56. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 10.06 and a beta of 1.29. The business has a 50-day moving average of $60.22 and a 200-day moving average of $62.48.

Minerals Technologies (NYSE:MTX – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The basic materials company reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.46 by $0.04. Minerals Technologies had a return on equity of 11.44% and a net margin of 8.46%. The business had revenue of $577.00 million during the quarter, compared to analysts' expectations of $533.65 million. During the same quarter last year, the company posted $1.29 earnings per share. Minerals Technologies's quarterly revenue was up 26.5% on a year-over-year basis. As a group, sell-side analysts predict that Minerals Technologies Inc. will post 5.52 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 19th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date was Thursday, August 18th. Minerals Technologies's payout ratio is currently 3.89%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MTX. CL King cut Minerals Technologies from a "buy" rating to a "neutral" rating in a report on Tuesday, August 30th. StockNews.com cut Minerals Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, June 28th.

Insider Buying and Selling

In related news, insider Dj Monagle III sold 19,673 shares of Minerals Technologies stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $63.36, for a total transaction of $1,246,481.28. Following the completion of the transaction, the insider now owns 72,402 shares in the company, valued at $4,587,390.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Minerals Technologies news, insider Dj Monagle III sold 19,673 shares of the firm's stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $63.36, for a total transaction of $1,246,481.28. Following the completion of the sale, the insider now directly owns 72,402 shares in the company, valued at $4,587,390.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jonathan J. Hastings sold 11,739 shares of the firm's stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $65.67, for a total transaction of $770,900.13. Following the sale, the insider now owns 44,468 shares of the company's stock, valued at $2,920,213.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,067 shares of company stock worth $3,404,799. Company insiders own 3.40% of the company's stock.

Minerals Technologies Profile

(Get Rating)

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company operates through three segments: Performance Materials, Specialty Minerals and Refractories. The Performance Materials segment supplies bentonite and bentonite-related products, as well as leonardite.