Teacher Retirement System of Texas Raises Stake in Minerals Technologies Inc. (NYSE:MTX)

Teacher Retirement System of Texas lifted its position in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 42.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 47,929 shares of the basic materials company's stock after acquiring an additional 14,253 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.15% of Minerals Technologies worth $3,653,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in MTX. Smartleaf Asset Management LLC lifted its holdings in Minerals Technologies by 181.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 326 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of 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 buying an additional 178 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Minerals Technologies during the 4th quarter valued at approximately $78,000. KBC Group NV boosted its holdings in 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 during the period. Finally, SG Americas Securities LLC purchased a new position in Minerals Technologies in the 4th quarter valued at approximately $145,000. Institutional investors own 97.29% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on MTX shares. Truist Financial cut their price target on Minerals Technologies from $103.00 to $101.00 and set a "buy" rating for the company in a report on Monday, February 10th. StockNews.com lowered Minerals Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th.

Minerals Technologies Price Performance

NYSE MTX traded down $1.12 on Friday, hitting $63.77. The stock had a trading volume of 173,565 shares, compared to its average volume of 167,828. The firm has a 50-day moving average of $71.15 and a 200-day moving average of $75.16. 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 $62.77 and a 52-week high of $90.30. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 12.31 and a beta of 1.28.

Minerals Technologies (NYSE:MTX - Get Free Report) last issued 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%. Equities analysts expect that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 14th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.44 annualized dividend and a yield of 0.69%. Minerals Technologies's payout ratio is presently 8.49%.

About Minerals Technologies

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.