SCHEDULE 13G: FMR LLC and Abigail P. Johnson Disclose 5.5% Passive Stake in Minerals Technologies Inc.
Beneficial Ownership Statement
FMR LLC and Abigail P. Johnson have filed a Schedule 13G, reporting a passive beneficial ownership of 5.5% of Minerals Technologies Inc.'s common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 1,761,925 shares of Minerals Technologies Inc. common stock.
- This ownership represents 5.5% of the total outstanding common stock of Minerals Technologies Inc. as of December 31, 2024.
- FMR LLC holds sole voting power over 1,759,106 shares and sole dispositive power over 1,761,925 shares.
- Abigail P. Johnson holds sole dispositive power over 1,761,925 shares.
- The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of or with the effect of changing or influencing control of Minerals Technologies Inc.
- FMR LLC is identified as a parent holding company, with relevant subsidiaries including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC.
- Abigail P. Johnson is the Director, Chairman, and Chief Executive Officer of FMR LLC, and a predominant owner of FMR LLC's voting common shares.
Sentiment
Score: 5
Explanation: The document is a routine beneficial ownership disclosure (Schedule 13G) by a passive institutional investor, FMR LLC, and its principal, Abigail P. Johnson. It provides factual information about their stake in Minerals Technologies Inc. and does not contain any forward-looking statements, financial performance data, or strategic updates from the issuer that would indicate a positive or negative sentiment.
Future Outlook
NA
Management Comments
- "The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."
Industry Context
NA
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership in Minerals Technologies Inc.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where the Power of Attorney (accession number -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number -23-000038) was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting date for beneficial ownership). |
| 2025-02-11 | Signature date of the Schedule 13G filing. |
Keywords
Minerals Technologies Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Passive Investment
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