BlackRock Amends Minerals Technologies Stake (SC 13G/A)
Ticker: MTX · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 891014
| Field | Detail |
|---|---|
| Company | Minerals Technologies Inc (MTX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 19, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock updated its stake in Minerals Technologies, signaling a potential shift in institutional confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 19, 2024, indicating a change in their beneficial ownership of Minerals Technologies Inc. common stock as of December 31, 2023. This amendment, number 18, shows BlackRock's updated stake in the company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in Minerals Technologies' future performance, potentially influencing other investors' decisions and the stock price.
Why It Matters
This filing updates BlackRock's ownership in Minerals Technologies, providing transparency on a significant institutional investor's position, which can influence market sentiment.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not inherently signal high risk, but rather transparency.
Analyst Insight
Investors should monitor subsequent filings from BlackRock or other major institutions for Minerals Technologies to identify trends in institutional ownership, which could signal shifts in market confidence.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Minerals Technologies Inc. (company) — the subject company whose stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 19, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 18 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 18)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as indicated under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is MINERALS TECHNOLOGIES INC, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MINERALS TECHNOLOGIES INC' and 'Name of Issuer) MINERALS TECHNOLOGIES INC'.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Minerals Technologies Inc. is 603158106, as listed under '(CUSIP Number) 603158106'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 19, 2024 regarding MINERALS TECHNOLOGIES INC (MTX).