Minerals Technologies Inc. (NYSE:MTX) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lowered its holdings in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 2.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 626,420 shares of the basic materials company's stock after selling 14,470 shares during the quarter. Boston Trust Walden Corp owned 1.94% of Minerals Technologies worth $48,378,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC raised its stake in shares of Minerals Technologies by 10.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 514,036 shares of the basic materials company's stock valued at $38,697,000 after acquiring an additional 48,378 shares during the period. BNP Paribas Financial Markets lifted its stake in Minerals Technologies by 27.6% during the first quarter. BNP Paribas Financial Markets now owns 44,236 shares of the basic materials company's stock worth $3,330,000 after purchasing an additional 9,580 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Minerals Technologies during the first quarter worth $223,000. Fidelis Capital Partners LLC purchased a new position in shares of Minerals Technologies during the first quarter worth $77,000. Finally, Texas Permanent School Fund Corp grew its stake in shares of Minerals Technologies by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 28,482 shares of the basic materials company's stock valued at $2,144,000 after buying an additional 368 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, October 19th.

Minerals Technologies Stock Down 1.9 %

Shares of MTX stock traded down $1.50 during trading on Friday, reaching $76.46. The company's stock had a trading volume of 292,123 shares, compared to its average volume of 161,170. Minerals Technologies Inc. has a 1-year low of $50.30 and a 1-year high of $90.29. The stock's 50-day moving average price is $75.24 and its 200 day moving average price is $78.24. The company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 28.53 and a beta of 1.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.46 and a quick ratio of 1.72.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The basic materials company reported $1.51 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.02). The business had revenue of $524.70 million during the quarter, compared to analyst estimates of $539.75 million. Minerals Technologies had a return on equity of 11.46% and a net margin of 4.05%. On average, research analysts anticipate that Minerals Technologies Inc. will post 6.2 EPS for the current year.

Minerals Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Minerals Technologies's previous quarterly dividend of $0.10. Minerals Technologies's dividend payout ratio (DPR) is presently 14.93%.

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.