First Eagle Investment Management LLC Sells 29,900 Shares of Minerals Technologies Inc. (NYSE:MTX)

First Eagle Investment Management LLC cut its stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 62.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,631 shares of the basic materials company's stock after selling 29,900 shares during the period. First Eagle Investment Management LLC owned 0.06% of Minerals Technologies worth $1,344,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. State Street Corp boosted its position in Minerals Technologies by 2.6% during the third quarter. State Street Corp now owns 1,268,792 shares of the basic materials company's stock valued at $97,989,000 after purchasing an additional 32,196 shares during the last quarter. FMR LLC lifted its position in shares of Minerals Technologies by 64.2% in the third quarter. FMR LLC now owns 1,234,719 shares of the basic materials company's stock valued at $95,357,000 after buying an additional 482,674 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Minerals Technologies by 3.8% in the third quarter. Geode Capital Management LLC now owns 865,343 shares of the basic materials company's stock valued at $66,841,000 after buying an additional 31,616 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Minerals Technologies by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 555,157 shares of the basic materials company's stock valued at $42,309,000 after buying an additional 2,647 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Minerals Technologies by 1.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 511,205 shares of the basic materials company's stock valued at $38,330,000 after buying an additional 7,488 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

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Minerals Technologies Price Performance

Minerals Technologies stock traded up $0.04 during mid-day trading on Tuesday, reaching $68.25. 51,501 shares of the company were exchanged, compared to its average volume of 151,166. The company has a fifty day simple moving average of $72.41 and a 200-day simple moving average of $75.63. Minerals Technologies Inc. has a 12 month low of $65.64 and a 12 month high of $90.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98. The firm has a market cap of $2.18 billion, a PE ratio of 13.17 and a beta of 1.28.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 EPS 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%. As a group, equities research analysts expect that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.64%. Minerals Technologies's payout ratio is 8.49%.

Wall Street Analysts Forecast Growth

MTX has been the subject of a number of recent analyst reports. StockNews.com raised Minerals Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, March 11th. Truist Financial lowered their price objective on 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 Company 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.