Proficio Capital Partners LLC Takes Position in Minerals Technologies Inc. (NYSE:MTX)

Proficio Capital Partners LLC bought a new position in Minerals Technologies Inc. (NYSE:MTX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,161 shares of the basic materials company's stock, valued at approximately $2,451,000. Proficio Capital Partners LLC owned about 0.10% of Minerals Technologies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its position in Minerals Technologies by 21.4% in the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company's stock worth $78,000 after purchasing an additional 178 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Minerals Technologies during the 4th quarter valued at about $78,000. KBC Group NV lifted its position in shares of Minerals Technologies by 43.9% during the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company's stock valued at $113,000 after buying an additional 451 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Minerals Technologies during the 4th quarter valued at about $145,000. Finally, Paloma Partners Management Co purchased a new position in Minerals Technologies in the 3rd quarter worth approximately $214,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Minerals Technologies Price Performance

NYSE:MTX traded down $0.20 during trading hours on Friday, reaching $67.91. The stock had a trading volume of 198,847 shares, compared to its average volume of 175,949. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84. Minerals Technologies Inc. has a 52 week low of $66.33 and a 52 week high of $90.29. The company has a 50 day moving average price of $73.40 and a two-hundred day moving average price of $75.99. The stock has a market capitalization of $2.17 billion, a PE ratio of 13.11 and a beta of 1.28.

Remove Ads

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

Minerals Technologies Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Friday, February 14th. Minerals Technologies's payout ratio is 8.49%.

Wall Street Analysts Forecast Growth

MTX has been the topic of a number of research analyst reports. Truist Financial lowered 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. StockNews.com cut Minerals Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

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.