Fmr LLC Has $134.28 Million Stake in Minerals Technologies Inc. (NYSE:MTX)

FMR LLC grew its holdings in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 42.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,761,925 shares of the basic materials company's stock after buying an additional 527,206 shares during the quarter. FMR LLC owned approximately 5.53% of Minerals Technologies worth $134,276,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in shares of Minerals Technologies by 181.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 326 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Minerals Technologies by 21.4% during the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company's stock worth $78,000 after purchasing an additional 178 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Minerals Technologies in the 4th quarter valued at $78,000. KBC Group NV raised its stake 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 buying an additional 451 shares during the period. Finally, SG Americas Securities LLC bought a new position in Minerals Technologies during the fourth quarter worth about $145,000. 97.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Truist Financial cut their price objective on shares of Minerals Technologies from $101.00 to $92.00 and set a "buy" rating on the stock in a research report on Monday. StockNews.com downgraded Minerals Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th.

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Minerals Technologies Stock Performance

Shares of Minerals Technologies stock traded down $0.43 on Wednesday, hitting $56.33. The stock had a trading volume of 202,810 shares, compared to its average volume of 171,436. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 10.87 and a beta of 1.25. The business's 50 day moving average is $65.69 and its two-hundred day moving average is $73.59. The company has a quick ratio of 1.98, a current ratio of 2.84 and a debt-to-equity ratio of 0.54. Minerals Technologies Inc. has a twelve month low of $52.40 and a twelve month high of $90.30.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted its 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%. Analysts forecast that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Friday, February 14th. Minerals Technologies's dividend payout ratio (DPR) is currently 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.