Broadcom named strategic vendor for Walmart virtualization solutions
Douglas Dietrich, Chairman and CEO of Minerals Technologies Inc . (NYSE:MTX), acquired 2,000 shares of common stock on April 30, 2025, amid a significant 31% decline in share price over the past six months. According to InvestingPro analysis, the stock appears undervalued at current levels, with analysts setting price targets between $80-86. The shares were purchased at a price of $51.56 each, totaling $103,120. Following this transaction, Dietrich holds a direct ownership of 161,675 shares. Additionally, he indirectly owns 4,504.256 shares through a 401(k) plan, as per a plan statement dated April 30, 2025. The $1.67 billion market cap company has maintained dividend payments for 33 consecutive years, demonstrating long-term financial stability. For deeper insights into insider trading patterns and comprehensive analysis, explore the detailed Pro Research Report available on InvestingPro.
In other recent news, MTU Aero Engines (OTC:MTUAY) reported strong financial results for Q4 2024, achieving an 18% increase in total adjusted revenue to €7.5 billion and a 29% rise in adjusted EBIT to €1.05 billion. The company also saw a 29% increase in adjusted net income, reaching €764 million. MTU Aero Engines has set a revenue guidance range of €8.7-8.9 billion for 2025, with expectations of mid-to-high single-digit growth in its military business. Meanwhile, Minerals Technologies had its price target revised by Truist Securities from $101 to $92, while maintaining a Buy rating. This adjustment reflects a more conservative outlook, particularly in the Engineered Solutions segment, due to industrial fluctuations. Truist Securities expressed confidence in Minerals Technologies’ ability to maintain stable earnings, citing its diversified market exposure. These developments highlight the ongoing strategic and financial adjustments companies are making in response to market conditions.
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