Boston Trust Walden Corp trimmed its holdings in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 614,523 shares of the basic materials company's stock after selling 11,897 shares during the period. Boston Trust Walden Corp owned about 1.93% of Minerals Technologies worth $46,833,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in Minerals Technologies by 2,418.2% during the 3rd quarter. Blue Trust Inc. now owns 831 shares of the basic materials company's stock valued at $69,000 after acquiring an additional 798 shares during the last quarter. 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. CWM LLC lifted its position in shares of Minerals Technologies by 40.6% during the third quarter. CWM LLC now owns 1,870 shares of the basic materials company's stock worth $144,000 after purchasing an additional 540 shares during the last quarter. SG Americas Securities LLC acquired a new position in Minerals Technologies in the fourth quarter worth about $145,000. Finally, Paloma Partners Management Co acquired a new position in Minerals Technologies in the third quarter worth about $214,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.
Minerals Technologies Stock Performance
Shares of NYSE MTX traded down $2.28 during midday trading on Friday, hitting $73.92. The company's stock had a trading volume of 222,598 shares, compared to its average volume of 150,272. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.72 and a current ratio of 2.46. Minerals Technologies Inc. has a 1-year low of $67.92 and a 1-year high of $90.29. The firm's fifty day moving average price is $76.95 and its 200-day moving average price is $76.87. The firm has a market cap of $2.36 billion, a P/E ratio of 15.66 and a beta of 1.30.
Minerals Technologies (NYSE:MTX - Get Free Report) last issued its earnings results 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 11.27% and a net margin of 7.20%. On average, sell-side analysts forecast that Minerals Technologies Inc. will post 6.05 EPS for the current fiscal year.
Minerals Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 14th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.60%. Minerals Technologies's dividend payout ratio is currently 8.49%.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the company. Truist Financial assumed coverage on Minerals Technologies in a report on Tuesday, January 28th. They set a "buy" rating and a $103.00 target price on the stock. StockNews.com upgraded Minerals Technologies from a "hold" rating to a "buy" rating in a research note on Thursday.
Get Our Latest Research Report on MTX
Minerals Technologies Company Profile
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Free Report)
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.
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