Teacher Retirement System of Texas Has $3.65 Million Holdings in Minerals Technologies Inc. (NYSE:MTX)

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

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC acquired a new stake in Minerals Technologies in the third quarter valued at about $441,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Minerals Technologies by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 552,510 shares of the basic materials company's stock worth $42,670,000 after acquiring an additional 7,593 shares during the last quarter. Algert Global LLC boosted its stake in shares of Minerals Technologies by 8.7% in the 3rd quarter. Algert Global LLC now owns 44,512 shares of the basic materials company's stock valued at $3,438,000 after purchasing an additional 3,556 shares in the last quarter. FMR LLC grew its holdings in shares of Minerals Technologies by 64.2% during the 3rd quarter. FMR LLC now owns 1,234,719 shares of the basic materials company's stock valued at $95,357,000 after purchasing an additional 482,674 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in Minerals Technologies during the 3rd quarter worth approximately $656,000. Institutional investors and hedge funds own 97.29% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have weighed in on MTX. Truist Financial cut their target price on shares of Minerals Technologies from $103.00 to $101.00 and set a "buy" rating on the stock in a research report on Monday, February 10th. StockNews.com downgraded Minerals Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, March 19th.

Minerals Technologies Trading Down 1.5 %

Shares of NYSE:MTX traded down $1.02 during midday trading on Tuesday, hitting $65.18. 129,691 shares of the stock were exchanged, compared to its average volume of 156,250. The business's 50-day moving average price is $71.78 and its 200 day moving average price is $75.34. Minerals Technologies Inc. has a 12 month low of $64.30 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 stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 12.58 and a beta of 1.28.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted its earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. Analysts predict that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.

Minerals Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were issued a $0.11 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.68%. Minerals Technologies's payout ratio 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.