Minerals Technologies Inc. (NYSE:MTX) Shares Sold by Aufman Associates Inc

Aufman Associates Inc cut its holdings in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 25.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,997 shares of the basic materials company's stock after selling 12,500 shares during the period. Minerals Technologies comprises approximately 1.9% of Aufman Associates Inc's investment portfolio, making the stock its 9th biggest position. Aufman Associates Inc owned 0.11% of Minerals Technologies worth $2,743,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in Minerals Technologies by 181.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company's stock valued at $38,000 after buying an additional 326 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Minerals Technologies by 21.4% during the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company's stock valued at $78,000 after acquiring an additional 178 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Minerals Technologies during the 4th quarter worth $78,000. KBC Group NV increased its holdings in Minerals Technologies by 43.9% in 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 in the last quarter. Finally, SG Americas Securities LLC bought a new position in Minerals Technologies in the fourth quarter valued at about $145,000. Institutional investors and hedge funds own 97.29% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MTX shares. StockNews.com raised shares of Minerals Technologies from a "hold" rating to a "buy" rating in a report on Tuesday. Truist Financial reduced their price objective on shares of Minerals Technologies from $103.00 to $101.00 and set a "buy" rating on the stock in a research note on Monday, February 10th.

Minerals Technologies Trading Up 0.9 %

Shares of MTX traded up $0.57 during trading hours on Wednesday, hitting $62.90. 57,962 shares of the stock were exchanged, compared to its average volume of 167,509. Minerals Technologies Inc. has a fifty-two week low of $61.57 and a fifty-two week high of $90.30. The business has a 50-day moving average of $70.36 and a 200-day moving average of $75.02. The firm has a market capitalization of $2.01 billion, a P/E ratio of 12.14 and a beta of 1.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98.

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

Minerals Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 14th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.70%. The ex-dividend date was Friday, February 14th. 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.