Allspring Global Investments Holdings LLC Grows Stake in Minerals Technologies Inc. (NYSE:MTX)

Allspring Global Investments Holdings LLC increased its position in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 1.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 511,205 shares of the basic materials company's stock after purchasing an additional 7,488 shares during the period. Allspring Global Investments Holdings LLC owned 1.60% of Minerals Technologies worth $38,330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its position in Minerals Technologies by 2,418.2% during the 3rd quarter. Blue Trust Inc. now owns 831 shares of the basic materials company's stock worth $69,000 after purchasing an additional 798 shares during the period. KBC Group NV increased its position in Minerals Technologies by 43.9% during the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company's stock worth $113,000 after purchasing an additional 451 shares during the period. CWM LLC increased its position in Minerals Technologies by 40.6% during the 3rd quarter. CWM LLC now owns 1,870 shares of the basic materials company's stock worth $144,000 after purchasing an additional 540 shares during the period. SG Americas Securities LLC acquired a new position in Minerals Technologies during the 4th quarter worth approximately $145,000. Finally, Paloma Partners Management Co acquired a new position in Minerals Technologies during the 3rd quarter worth approximately $214,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MTX has been the topic of a number of research reports. StockNews.com upgraded Minerals Technologies from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Truist Financial lowered their target price on Minerals Technologies from $103.00 to $101.00 and set a "buy" rating on the stock in a report on Monday, February 10th.

Minerals Technologies Trading Up 0.4 %

Shares of MTX stock traded up $0.28 during mid-day trading on Tuesday, hitting $71.89. 93,258 shares of the company's stock were exchanged, compared to its average volume of 158,992. Minerals Technologies Inc. has a fifty-two week low of $69.43 and a fifty-two week high of $90.29. The stock has a 50-day simple moving average of $75.76 and a two-hundred day simple moving average of $76.31. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 13.89 and a beta of 1.30.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.61% and a net margin of 7.89%. Equities analysts expect that Minerals Technologies Inc. will post 6.81 EPS for the current fiscal year.

Minerals Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.61%. The ex-dividend date is Friday, February 14th. Minerals Technologies's dividend payout ratio (DPR) is 8.49%.

Minerals Technologies Profile

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.