Minerals Technologies Inc. (NYSE:MTX) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 78.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 207,033 shares of the basic materials company's stock after purchasing an additional 91,146 shares during the quarter. JPMorgan Chase & Co. owned 0.65% of Minerals Technologies worth $15,778,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in shares of Minerals Technologies by 181.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company's stock worth $38,000 after buying an additional 326 shares in the last quarter. Blue Trust Inc. grew its holdings in Minerals Technologies by 21.4% during the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company's stock worth $78,000 after acquiring an additional 178 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Minerals Technologies in the 4th quarter worth about $78,000. KBC Group NV raised its stake in shares of Minerals Technologies by 43.9% in the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company's stock valued at $113,000 after purchasing an additional 451 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Minerals Technologies during the fourth quarter worth about $145,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MTX. Truist Financial lowered their price objective on Minerals Technologies from $101.00 to $92.00 and set a "buy" rating for the company in a report on Monday. StockNews.com lowered shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th.

Minerals Technologies Stock Performance

MTX traded down $0.84 on Wednesday, hitting $55.92. 87,380 shares of the company's stock were exchanged, compared to its average volume of 171,013. The company has a current ratio of 2.84, a quick ratio of 1.98 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average of $65.69 and a two-hundred day moving average of $73.59. Minerals Technologies Inc. has a twelve month low of $52.40 and a twelve month high of $90.30. The firm has a market cap of $1.78 billion, a PE ratio of 10.80 and a beta of 1.25.

Minerals Technologies (NYSE:MTX - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 anticipate that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Friday, February 14th. Minerals Technologies's dividend payout ratio (DPR) is 8.49%.

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.