Inceptionr LLC Sells 6,119 Shares of Minerals Technologies Inc. (NYSE:MTX)

Inceptionr LLC trimmed its stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 66.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,066 shares of the basic materials company's stock after selling 6,119 shares during the quarter. Inceptionr LLC's holdings in Minerals Technologies were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of MTX. Principal Financial Group Inc. boosted its holdings in shares of Minerals Technologies by 2.0% in the 3rd quarter. Principal Financial Group Inc. now owns 162,291 shares of the basic materials company's stock worth $12,534,000 after acquiring an additional 3,230 shares in the last quarter. MQS Management LLC bought a new position in shares of Minerals Technologies in the third quarter worth about $343,000. Chesapeake Capital Corp IL lifted its position in shares of Minerals Technologies by 27.9% during the third quarter. Chesapeake Capital Corp IL now owns 6,653 shares of the basic materials company's stock worth $504,000 after purchasing an additional 1,451 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Minerals Technologies by 42.2% during the third quarter. Thrivent Financial for Lutherans now owns 64,110 shares of the basic materials company's stock valued at $4,951,000 after purchasing an additional 19,037 shares during the last quarter. Finally, Corbyn Investment Management Inc. MD increased its holdings in shares of Minerals Technologies by 9.8% in the third quarter. Corbyn Investment Management Inc. MD now owns 30,438 shares of the basic materials company's stock valued at $2,351,000 after purchasing an additional 2,710 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. StockNews.com raised Minerals Technologies from a "hold" rating to a "buy" rating in a report on Tuesday. Truist Financial decreased their price target on Minerals Technologies from $103.00 to $101.00 and set a "buy" rating on the stock in a report on Monday, February 10th.

Minerals Technologies Trading Down 0.1 %

MTX stock traded down $0.05 during midday trading on Wednesday, reaching $67.12. The company's stock had a trading volume of 55,056 shares, compared to its average volume of 174,660. The business's 50-day simple moving average is $73.04 and its 200-day simple moving average is $75.87. The stock has a market cap of $2.14 billion, a PE ratio of 12.96 and a beta of 1.28. Minerals Technologies Inc. has a 52 week low of $66.19 and a 52 week high of $90.29. 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 (NYSE:MTX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, beating 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, sell-side analysts expect that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Dividend Announcement

The company also recently announced 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 0.66%. The ex-dividend date was Friday, February 14th. Minerals Technologies's payout ratio is presently 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.