Geode Capital Management LLC Has $66.55 Million Stake in Minerals Technologies Inc. (NYSE:MTX)

Geode Capital Management LLC increased its holdings in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 873,123 shares of the basic materials company's stock after acquiring an additional 7,780 shares during the period. Geode Capital Management LLC owned about 2.74% of Minerals Technologies worth $66,554,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Blair William & Co. IL raised its holdings in shares of Minerals Technologies by 3.2% during the fourth quarter. Blair William & Co. IL now owns 5,657 shares of the basic materials company's stock worth $431,000 after acquiring an additional 177 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Minerals Technologies by 21.4% in the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company's stock valued at $78,000 after buying an additional 178 shares in the last quarter. Savant Capital LLC increased its holdings in Minerals Technologies by 7.4% in the fourth quarter. Savant Capital LLC now owns 3,783 shares of the basic materials company's stock worth $288,000 after buying an additional 260 shares during the last quarter. QRG Capital Management Inc. raised its position in Minerals Technologies by 4.5% during the fourth quarter. QRG Capital Management Inc. now owns 6,481 shares of the basic materials company's stock valued at $494,000 after acquiring an additional 280 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its stake in Minerals Technologies by 0.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 51,980 shares of the basic materials company's stock valued at $3,961,000 after acquiring an additional 300 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Minerals Technologies Stock Performance

MTX traded up $0.48 on Friday, hitting $56.73. The company had a trading volume of 217,214 shares, compared to its average volume of 172,061. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 10.95 and a beta of 1.25. 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 company's fifty day moving average price is $65.02 and its 200 day moving average price is $73.33. Minerals Technologies Inc. has a 1-year low of $52.40 and a 1-year high of $90.30.

Minerals Technologies (NYSE:MTX - Get Free Report) last issued its quarterly earnings data 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 net margin of 7.89% and a return on equity of 11.49%. Equities analysts predict that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Announces Dividend

The firm also recently disclosed 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 was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.78%. Minerals Technologies's payout ratio is presently 8.49%.

Wall Street Analyst Weigh In

MTX has been the topic of a number of recent research reports. StockNews.com downgraded shares of Minerals Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Truist Financial lowered their target price 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.

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.