Raymond James Financial Inc. purchased a new position in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 141,669 shares of the basic materials company's stock, valued at approximately $10,797,000. Raymond James Financial Inc. owned about 0.44% of Minerals Technologies as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of Minerals Technologies by 2.6% in the third quarter. State Street Corp now owns 1,268,792 shares of the basic materials company's stock valued at $97,989,000 after purchasing an additional 32,196 shares in the last quarter. FMR LLC boosted its stake in shares of Minerals Technologies by 64.2% during the third quarter. FMR LLC now owns 1,234,719 shares of the basic materials company's stock valued at $95,357,000 after acquiring an additional 482,674 shares during the last quarter. Geode Capital Management LLC increased its position in Minerals Technologies by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 865,343 shares of the basic materials company's stock worth $66,841,000 after purchasing an additional 31,616 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Minerals Technologies by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 555,157 shares of the basic materials company's stock valued at $42,309,000 after purchasing an additional 2,647 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Minerals Technologies by 1.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 511,205 shares of the basic materials company's stock valued at $38,330,000 after purchasing an additional 7,488 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.
Minerals Technologies Trading Up 1.6 %
MTX stock traded up $1.07 on Monday, hitting $66.20. 146,427 shares of the company were exchanged, compared to its average volume of 156,029. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 12.78 and a beta of 1.28. Minerals Technologies Inc. has a twelve month low of $64.30 and a twelve month high of $90.30. The business's fifty day moving average is $71.92 and its two-hundred day moving average is $75.39.
Minerals Technologies (NYSE:MTX - Get Free Report) last issued its earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share 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, research analysts forecast that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.
Minerals Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend was Friday, February 14th. Minerals Technologies's dividend payout ratio (DPR) is presently 8.49%.
Wall Street Analyst Weigh In
A number of analysts recently issued reports on the stock. StockNews.com lowered shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Truist Financial dropped their target price on Minerals Technologies from $103.00 to $101.00 and set a "buy" rating for the company in a research note on Monday, February 10th.
Check Out Our Latest Report on Minerals Technologies
About Minerals Technologies
(
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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