Wedge Capital Management L L P NC Boosts Stock Holdings in Minerals Technologies Inc. (NYSE:MTX)

Wedge Capital Management L L P NC grew its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 10.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,108 shares of the basic materials company’s stock after buying an additional 856 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Minerals Technologies were worth $649,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of Minerals Technologies by 6.4% during the third quarter. Victory Capital Management Inc. now owns 1,737,753 shares of the basic materials company’s stock valued at $95,159,000 after buying an additional 104,982 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Minerals Technologies by 1.4% during the third quarter. American Century Companies Inc. now owns 1,241,758 shares of the basic materials company’s stock valued at $67,999,000 after buying an additional 17,742 shares during the last quarter. Boston Trust Walden Corp grew its holdings in shares of Minerals Technologies by 0.5% during the fourth quarter. Boston Trust Walden Corp now owns 644,055 shares of the basic materials company’s stock valued at $45,928,000 after buying an additional 3,135 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Minerals Technologies by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 458,840 shares of the basic materials company’s stock valued at $25,126,000 after buying an additional 22,790 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Minerals Technologies by 65.4% during the third quarter. Wellington Management Group LLP now owns 251,084 shares of the basic materials company’s stock valued at $13,749,000 after buying an additional 99,267 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Insiders Place Their Bets

In other Minerals Technologies news, insider Dj Monagle III sold 1,180 shares of Minerals Technologies stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $74.12, for a total value of $87,461.60. Following the completion of the transaction, the insider now directly owns 81,031 shares of the company’s stock, valued at approximately $6,006,017.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Minerals Technologies news, insider Dj Monagle III sold 1,180 shares of Minerals Technologies stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $74.12, for a total value of $87,461.60. Following the completion of the transaction, the insider now directly owns 81,031 shares of the company’s stock, valued at approximately $6,006,017.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Jonathan J. Hastings sold 12,922 shares of Minerals Technologies stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $71.48, for a total transaction of $923,664.56. Following the transaction, the senior vice president now directly owns 53,862 shares of the company’s stock, valued at $3,850,055.76. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Minerals Technologies Stock Down 1.3 %

Shares of MTX stock opened at $71.18 on Friday. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 27.48 and a beta of 1.33. Minerals Technologies Inc. has a one year low of $48.61 and a one year high of $76.80. The company’s fifty day moving average price is $72.75 and its 200-day moving average price is $66.33. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.40 and a quick ratio of 1.69.

Minerals Technologies (NYSE:MTX) last posted its earnings results on Friday, February 2nd. The basic materials company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.03. The company had revenue of $524.50 million during the quarter, compared to analysts’ expectations of $506.67 million. Minerals Technologies had a net margin of 3.88% and a return on equity of 10.26%. Minerals Technologies’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $0.67 earnings per share. Sell-side analysts expect that Minerals Technologies Inc. will post 5.9 EPS for the current fiscal year.

Analysts Set New Price Targets

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

About Minerals Technologies

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.