Minerals Technologies Inc. (NYSE:MTX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 18.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 52,345 shares of the basic materials company's stock after selling 11,765 shares during the period. Thrivent Financial for Lutherans owned 0.16% of Minerals Technologies worth $3,989,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Smartleaf Asset Management LLC boosted its holdings in 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 during the last quarter. Blue Trust Inc. lifted its stake in shares of Minerals Technologies by 21.4% in 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 purchased a new stake in shares of Minerals Technologies during the 4th quarter worth about $78,000. KBC Group NV grew its holdings 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 worth $113,000 after purchasing an additional 451 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Minerals Technologies during the 4th quarter worth approximately $145,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on MTX. StockNews.com downgraded shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Truist Financial decreased their price target on shares of Minerals Technologies from $103.00 to $101.00 and set a "buy" rating for the company in a research report on Monday, February 10th.

Minerals Technologies Stock Down 1.7 %

Shares of NYSE:MTX traded down $1.12 during mid-day trading on Friday, hitting $63.77. 173,565 shares of the company traded hands, compared to its average volume of 167,828. The firm has a market cap of $2.03 billion, a P/E ratio of 12.31 and a beta of 1.28. Minerals Technologies Inc. has a 52-week low of $62.80 and a 52-week high of $90.30. The firm's 50 day simple moving average is $70.90 and its 200 day simple moving average is $75.12. 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 (NYSE:MTX - Get Free Report) last posted its earnings results on Thursday, February 6th. The basic materials company reported $1.50 EPS 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%. On average, equities analysts anticipate that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Announces Dividend

The business also recently declared 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 of this dividend was Friday, February 14th. This represents a $0.44 annualized dividend and a yield of 0.69%. Minerals Technologies's dividend 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.