According to Briefing.com, equity specialists from CL King reduced their rating for Minerals Technologies (NYSE: MTX) from “buy” to “neutral” in a research note that was sent out to customers and investors on Tuesday. The report was issued to clients and investors. In a separate bit of news, the research note recommendation that Bloomberg had previously provided to Minerals Technologies was changed from “buy” to “hold” on Tuesday, June 28. NYSE: MTX started the trading day on Tuesday at a price per share of $61.07. The company has a price-to-earnings ratio of 11.88, and its beta value is 1.27. The value of the company’s beta is 1.27. According to the market capitalization, the company is currently valued at $1.99 billion. Over the previous twelve months, the share price of Minerals Technologies has ranged from a low of $57.52 to a high of $79.89. The stock price has recently reached $62.88; based on its 50-day and 200-day simple moving averages, this price has reached $64.56. A debt-to-equity ratio of 0.60 can be found, along with a quick ratio of 1.56, a current ratio of 2.29, and a quick ratio of 1.56. On Thursday, July 28, Minerals Technologies (NYSE: MTX) announced its most recent quarterly results report. The basic materials segment reported earnings per share for the quarter of $1.50, which was $0.04 higher than the consensus estimate of $1.46 that the analysts provided.
The actual amount of money earned during the quarter was $577,000,000, a huge increase from the prediction that was made, which was $533.65,000,000. The return on equity for Minerals Technologies was 11.44%, and their net margin was 8.46%. Compared to the performance during the same quarter of the previous year, the rise in revenue for the quarter was 26.5% greater than the prior year’s level. Compared to the prior year’s results for the same quarter, the company’s earnings per share came in at $1.29. Sell-side analysts predict that Minerals Technologies will have 5.6 cents per share earnings during the current financial year. On Thursday, August 18, 2018, Jonathan J. Hastings, an employee, sold 11,739 shares of the company’s stock. This information was included in a separate piece of news. The stock sale resulted in a total of 770,900.13 dollars being made, with a price of $65.67 being obtained on average for each share. After the completion of the transaction, the insider will personally own 44,468 shares of the firm, and the total value of those shares will be $2,920,213.56. If you follow the link, you will be sent to a legal file maintained by the SEC. Within this file, you can see details regarding the transaction. On August 11, Vice President Michael Cipolla sold 6,356 shares of the company’s stock. This is related to previous news regarding this topic. During the transaction, the shares were exchanged for a total of $408,500.12, equivalent to $64.27 per share on a per-share basis. The vice president is now the owner of 32,286 shares of company stock, which have a combined value of $2,075,021.22 as a direct result of the transaction.
The transaction was addressed in detail in detail in the paper that was sent to the Securities and Exchange Commission (which can be located on their website). In addition, on Thursday, August 18, 2018, Jonathan J. Hastings, an executive within the company, sold 11,739 shares of the company’s stock. The stock sale resulted in a total of 770,900.13 dollars being made, with a price of $65.67 being obtained on average for each share. After the conclusion of the transaction, the corporate insider now directly owns 44,468 shares of the firm, and the total value of those shares is approximately $2,920,213.56. Disclosures that are related to the sale might be found in this section of the website. Company insiders own 3.40 percent of the corporation’s total number of shares outstanding. As a direct consequence of these alterations, the total number of shares of stock that hedge funds and many other types of institutional investors own in the company has been modified. Ellevest Inc. increased its holdings in Minerals Technologies by 74.9 percentage points, bringing its total holdings in the company to 1.3 million shares. Following the acquisition of an additional 209 shares during the most recent fiscal quarter, Ellevest Inc. now possesses 488 shares of the company specializing in primary materials. The market price for the shares at the moment is $30,000. Pinebridge Investments L.P. increased its holdings of Minerals Technologies by 3,890 percent during the second quarter. As a result of the purchase of an additional 389 shares during the most recent quarter, Pinebridge Investments L.P. now owns 489 shares of the stock held by the basic materials company. Each of these shares is currently valued at $30, and the company has 489 shares.
Minerals Technologies received a financial contribution of $37,000 from Lazard Asset Management LLC during the second quarter of the year. The amount of $49,000 was invested in Minerals Technologies by Washington Trust Advisors, Inc. during the second quarter of 2018. Quantbot Technologies L.P. increased the percentage of ownership it owned in Minerals Technologies by 126.1% during the second quarter, which isn’t the least important thing that happened during the period. Quantbot Technologies L.P. now has a total of 997 shares of the basic materials business, valued at $61,000, thanks to purchasing an additional 556 shares during the most recent quarter. Various institutional investors own 96.13% of the company’s shares. Minerals Technologies Inc. is responsible for designing, producing, and distributing a comprehensive assortment of specialist minerals, mineral-based products, and synthetic minerals. In addition, the company offers a variety of auxiliary services and solutions. The company can be partitioned into three main departments: Refractories, Performance Materials, and Specialty Minerals. You may buy leonardite, bentonite, and products related to bentonite in the area titled “Performance Materials.” This section also contains products related to leonardite.