MTX.NYSEMinerals Technologies INC
SCHEDULE: FMR LLC Discloses 7.3% Stake in Minerals Technologies Inc.
Sentiment:
Beneficial Ownership Report
FMR LLC and its affiliates, including Abigail P. Johnson, reported a 7.3% beneficial ownership stake in Minerals Technologies Inc. as of September 30, 2025.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, beneficially own an aggregate of 2,304,507.08 shares of Minerals Technologies Inc. common stock.
- This ownership represents 7.3% of the total outstanding common stock of Minerals Technologies Inc.
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
- FMR LLC holds sole voting power over 2,301,792.00 shares and sole dispositive power over 2,304,507.08 shares.
- Abigail P. Johnson holds sole dispositive power over 2,304,507.08 shares, with no sole or shared voting power directly attributed to her.
- FMR LLC is classified as a parent holding company, and Abigail P. Johnson is classified as an individual.
- Subsidiaries of FMR LLC, including FIAM LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, and Strategic Advisers LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership, providing factual information without expressing positive or negative sentiment regarding the issuer's performance or prospects.
Positives
- The disclosure indicates a significant, stable institutional investment in Minerals Technologies Inc. by FMR LLC, suggesting confidence in the company's long-term prospects.
- The explicit statement that shares are held 'in the ordinary course of business' and 'not for the purpose of or with the effect of changing or influencing the control of the issuer' suggests a passive investment, which can be viewed positively by current management.
Risks
- The filing explicitly 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 the control of Minerals Technologies Inc. This mitigates potential risks associated with activist investor involvement.
Management Comments
- Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC.
- Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC.
- The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares.
- Through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Governance Structure (FMR LLC) | Members of the Johnson family, including Abigail P. Johnson, are the predominant owners of Series B voting common shares of FMR LLC and have a shareholders' voting agreement to vote these shares in accordance with the majority. This arrangement may deem them a controlling group with respect to FMR LLC under the Investment Company Act of 1940. | N/A | This clarifies the internal control structure of FMR LLC, the beneficial owner, rather than directly impacting the corporate governance of Minerals Technologies Inc. It provides context on the decision-making structure of the entity holding the stake. |
Related Party Transactions
- The filing details the relationship between FMR LLC and Abigail P. Johnson, where Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC, and the Johnson family are predominant owners of FMR LLC. This establishes a related party relationship between the reporting persons and their ultimate control.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional shareholder's stake, confirming a large, passive investment.
- Management: The statement that shares are not held for influencing control may reassure management regarding potential activist pressure.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries, authorizing Stephanie J. Brown to sign on their behalf. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where the Power of Attorney (Exhibit 24) was incorporated by reference (accession number: -23-000003). |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson, authorizing Stephanie J. Brown to sign on her behalf. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (Exhibit 24) was incorporated by reference (accession number: -23-000038). |
| 2025-09-30 | Date of event which requires filing of this statement, representing the beneficial ownership as of this date. |
| 2025-11-04 | Date of signing of the Schedule 13G by Stephanie J. Brown on behalf of FMR LLC and Abigail P. Johnson. |
Keywords
Minerals Technologies Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Equity Stake, Investment Management
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