Sei Investments Co. Acquires 19,952 Shares of Minerals Technologies Inc. (NYSE:MTX)

Sei Investments Co. grew its holdings in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 149,687 shares of the basic materials company's stock after purchasing an additional 19,952 shares during the period. Sei Investments Co. owned approximately 0.47% of Minerals Technologies worth $11,408,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTX. Smartleaf Asset Management LLC boosted its holdings in shares of Minerals Technologies by 181.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 326 shares in the last quarter. Blue Trust Inc. boosted its stake 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 valued at $78,000 after purchasing an additional 178 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Minerals Technologies during the 4th quarter valued at $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 worth $113,000 after buying an additional 451 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Minerals Technologies in the fourth quarter valued at $145,000. Institutional investors own 97.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com raised Minerals Technologies from a "hold" rating to a "buy" rating in a report on Tuesday. Truist Financial lowered their price objective on shares of Minerals Technologies from $103.00 to $101.00 and set a "buy" rating on the stock in a research note on Monday, February 10th.

Minerals Technologies Trading Down 7.0 %

Shares of NYSE:MTX traded down $4.40 during mid-day trading on Thursday, hitting $58.66. The stock had a trading volume of 169,128 shares, compared to its average volume of 167,954. The company's 50 day moving average is $69.76 and its 200-day moving average is $74.82. Minerals Technologies Inc. has a 12-month low of $58.54 and a 12-month high of $90.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84. The company has a market cap of $1.87 billion, a PE ratio of 11.32 and a beta of 1.25.

Minerals Technologies (NYSE:MTX - Get Free Report) last released its earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (EPS) 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%. On average, sell-side analysts predict that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date was Friday, February 14th. Minerals Technologies's dividend payout ratio (DPR) is 8.49%.

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.