Amundi Acquires 10,934 Shares of Minerals Technologies Inc. (NYSE:MTX)

Amundi lifted its position in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 189.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,704 shares of the basic materials company's stock after acquiring an additional 10,934 shares during the quarter. Amundi owned approximately 0.05% of Minerals Technologies worth $1,224,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MTX. FMR LLC grew its stake in shares of Minerals Technologies by 64.2% during the 3rd quarter. FMR LLC now owns 1,234,719 shares of the basic materials company's stock worth $95,357,000 after acquiring an additional 482,674 shares during the period. Raymond James Financial Inc. bought a new position in shares of Minerals Technologies during the 4th quarter worth $10,797,000. Barclays PLC grew its stake in shares of Minerals Technologies by 210.1% during the 3rd quarter. Barclays PLC now owns 111,526 shares of the basic materials company's stock worth $8,615,000 after acquiring an additional 75,565 shares during the period. Edgestream Partners L.P. bought a new position in shares of Minerals Technologies during the 3rd quarter worth $4,049,000. Finally, State Street Corp grew its stake in shares of Minerals Technologies by 2.6% during the 3rd quarter. State Street Corp now owns 1,268,792 shares of the basic materials company's stock worth $97,989,000 after acquiring an additional 32,196 shares during the period. Institutional investors own 97.29% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MTX shares. StockNews.com downgraded Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday. Truist Financial cut their target price on Minerals Technologies from $103.00 to $101.00 and set a "buy" rating for the company in a research note on Monday, February 10th.

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Minerals Technologies Price Performance

NYSE MTX traded down $2.04 during trading hours on Friday, hitting $65.13. The company had a trading volume of 1,215,960 shares, compared to its average volume of 156,091. Minerals Technologies Inc. has a 52 week low of $64.30 and a 52 week high of $90.30. The firm has a 50 day simple moving average of $71.92 and a 200 day simple moving average of $75.37. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 12.57 and a beta of 1.28.

Minerals Technologies (NYSE:MTX - Get Free Report) last issued its earnings results on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%. Equities research analysts expect that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.

Minerals Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were given a dividend of $0.11 per share. The ex-dividend date was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.68%. Minerals Technologies's dividend payout ratio (DPR) is presently 8.49%.

About Minerals Technologies

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.