Minerals Technologies Inc. (NYSE:MTX) Institutional Investors Increase Holdings
BNP Paribas Financial Markets Increases Holdings in Minerals Technologies Inc. (NYSE:MTX)
BNP Paribas Financial Markets has recently boosted its holdings in Minerals Technologies Inc. (NYSE:MTX) by 27.6% in the first quarter, according to a recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor now owns 44,236 shares of the basic materials company’s stock, valued at $3,330,000.
This increase in holdings by BNP Paribas Financial Markets is part of a trend among large investors making changes to their positions in MTX. Norges Bank, Wellington Management Group LLP, Assenagon Asset Management S.A., Great Lakes Advisors LLC, and Dimensional Fund Advisors LP are among the other investors who have recently made moves in Minerals Technologies.
Shares of Minerals Technologies opened at $84.85 on Friday, with the company reporting a 0.4% increase. The company’s quarterly earnings results, announced on April 25th, exceeded expectations with $1.49 EPS for the quarter.
Minerals Technologies also recently announced a quarterly dividend, with investors of record on May 31st receiving a dividend of $0.10 per share. The company’s payout ratio is 13.84%.
In terms of insider activity, SVP Jonathan J. Hastings sold shares of the stock, while Director Kristina M. Johnson acquired shares in a separate transaction.
Minerals Technologies Inc. develops, produces, and markets various mineral-based products and services, operating through two segments: Consumer & Specialties, and Engineered Solutions. The company’s products are used in a variety of industries, including paper, packaging, automotive, and construction.
Overall, Minerals Technologies continues to attract interest from investors and analysts, with a positive outlook for the company’s future performance.
For more information on Minerals Technologies and its latest developments, visit HoldingsChannel.com for the latest 13F filings and insider trades.
