Charles Schwab Investment Management Inc. Purchases 11,636 Shares of Minerals Technologies Inc. (NYSE:MTX)

Charles Schwab Investment Management Inc. boosted its position in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 470,476 shares of the basic materials company's stock after acquiring an additional 11,636 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.45% of Minerals Technologies worth $33,550,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTX. Skandinaviska Enskilda Banken AB publ bought a new stake in Minerals Technologies during the third quarter worth $44,000. Acadian Asset Management LLC acquired a new position in shares of Minerals Technologies in the third quarter valued at $58,000. International Assets Investment Management LLC increased its holdings in shares of Minerals Technologies by 1,266.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,284 shares of the basic materials company's stock valued at $92,000 after purchasing an additional 1,190 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Minerals Technologies in the fourth quarter valued at $158,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in shares of Minerals Technologies in the fourth quarter valued at $214,000. 97.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MTX has been the topic of several research reports. StockNews.com upgraded shares of Minerals Technologies from a "hold" rating to a "buy" rating in a report on Thursday, February 8th. TheStreet upgraded shares of Minerals Technologies from a "c+" rating to a "b" rating in a research note on Friday, February 2nd. Finally, Seaport Res Ptn upgraded shares of Minerals Technologies from a "neutral" rating to a "buy" rating in a research note on Monday, February 5th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $68.50.

Insider Transactions at Minerals Technologies

In related news, Director Kristina M. Johnson bought 400 shares of the company's stock in a transaction dated Thursday, May 16th. The stock was purchased at an average price of $80.92 per share, with a total value of $32,368.00. Following the completion of the acquisition, the director now owns 400 shares of the company's stock, valued at $32,368. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other Minerals Technologies news, Director Kristina M. Johnson acquired 400 shares of the company's stock in a transaction that occurred on Thursday, May 16th. The stock was acquired at an average price of $80.92 per share, for a total transaction of $32,368.00. Following the acquisition, the director now directly owns 400 shares in the company, valued at $32,368. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dj Monagle III sold 1,180 shares of the firm's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $74.12, for a total transaction of $87,461.60. Following the completion of the transaction, the insider now owns 81,031 shares of the company's stock, valued at approximately $6,006,017.72. The disclosure for this sale can be found here. Company insiders own 3.50% of the company's stock.

Minerals Technologies Price Performance

Minerals Technologies stock traded up $0.54 during trading hours on Wednesday, reaching $83.72. 218,379 shares of the stock were exchanged, compared to its average volume of 155,316. The company has a market cap of $2.70 billion, a P/E ratio of 28.75 and a beta of 1.32. The company has a current ratio of 2.49, a quick ratio of 1.75 and a debt-to-equity ratio of 0.53. Minerals Technologies Inc. has a twelve month low of $48.61 and a twelve month high of $84.54. The stock has a 50 day moving average of $75.17 and a two-hundred day moving average of $69.89.

Minerals Technologies (NYSE:MTX - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The basic materials company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.22. The firm had revenue of $534.50 million for the quarter, compared to the consensus estimate of $545.55 million. Minerals Technologies had a net margin of 4.35% and a return on equity of 10.87%. The business's revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.14 earnings per share. Equities analysts expect that Minerals Technologies Inc. will post 6.29 EPS for the current fiscal year.

Minerals Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a $0.10 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. Minerals Technologies's dividend payout ratio (DPR) is currently 13.84%.

Minerals Technologies Company 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.