Gamco Investors INC. ET AL Has $10.44 Million Stock Position in Minerals Technologies Inc (NYSE:MTX)

Gamco Investors INC. ET AL grew its stake in Minerals Technologies Inc (NYSE:MTX) by 0.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 196,700 shares of the basic materials company’s stock after buying an additional 200 shares during the quarter. Gamco Investors INC. ET AL owned 0.56% of Minerals Technologies worth $10,443,000 as of its most recent filing with the SEC.

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Other institutional investors and hedge funds also recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new stake in shares of Minerals Technologies in the second quarter valued at about $44,000. Quest Capital Management Inc. ADV purchased a new position in Minerals Technologies in the third quarter valued at about $74,000. Tower Research Capital LLC TRC boosted its holdings in Minerals Technologies by 123.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,933 shares of the basic materials company’s stock valued at $157,000 after purchasing an additional 1,620 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in Minerals Technologies in the third quarter valued at about $212,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Minerals Technologies in the second quarter valued at about $233,000. Institutional investors and hedge funds own 95.01% of the company’s stock.

In related news, SVP Thomas J. Meek sold 7,502 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $45.90, for a total value of $344,341.80. Following the completion of the sale, the senior vice president now owns 65,752 shares in the company, valued at approximately $3,018,016.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Douglas T. Dietrich acquired 1,500 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was purchased at an average price of $47.99 per share, with a total value of $71,985.00. Following the transaction, the chief executive officer now owns 71,841 shares in the company, valued at $3,447,649.59. The disclosure for this purchase can be found here. Insiders own 2.50% of the company’s stock.

Shares of MTX stock opened at $52.85 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.62 and a current ratio of 2.24. The business’s fifty day moving average is $52.47 and its 200-day moving average is $53.01. Minerals Technologies Inc has a 1 year low of $45.26 and a 1 year high of $63.75. The stock has a market cap of $1.89 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 4.78 and a beta of 1.81.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Thursday, October 31st. The basic materials company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.05. Minerals Technologies had a net margin of 8.16% and a return on equity of 11.08%. The firm had revenue of $449.30 million during the quarter, compared to analysts’ expectations of $449.43 million. During the same quarter in the previous year, the company posted $1.27 EPS. Minerals Technologies’s revenue was down 3.2% on a year-over-year basis. Equities research analysts predict that Minerals Technologies Inc will post 4.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Monday, November 4th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Friday, November 1st. Minerals Technologies’s payout ratio is 4.13%.

A number of research firms have commented on MTX. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $260.00 target price on shares of Minerals Technologies in a report on Friday, October 25th. UBS Group reaffirmed a “neutral” rating and set a $243.00 target price on shares of Minerals Technologies in a report on Friday, October 25th. HSBC reaffirmed a “neutral” rating and set a $253.00 target price on shares of Minerals Technologies in a report on Monday, October 28th. Goldman Sachs Group reissued a “neutral” rating and issued a $206.00 price target on shares of Minerals Technologies in a report on Friday, October 25th. Finally, Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $233.67.

About Minerals Technologies

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.

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Institutional Ownership by Quarter for Minerals Technologies (NYSE:MTX)

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