Blue Trust Inc. Buys 178 Shares of Minerals Technologies Inc. (NYSE:MTX)

Blue Trust Inc. raised its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 21.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,009 shares of the basic materials company’s stock after buying an additional 178 shares during the period. Blue Trust Inc.’s holdings in Minerals Technologies were worth $78,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC increased its position in Minerals Technologies by 40.6% during the third quarter. CWM LLC now owns 1,870 shares of the basic materials company’s stock valued at $144,000 after acquiring an additional 540 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Minerals Technologies during the 4th quarter valued at about $145,000. Paloma Partners Management Co purchased a new stake in shares of Minerals Technologies during the 3rd quarter valued at about $214,000. EP Wealth Advisors LLC bought a new position in shares of Minerals Technologies in the 3rd quarter worth approximately $269,000. Finally, Truist Financial Corp purchased a new position in shares of Minerals Technologies in the second quarter worth approximately $274,000. 97.29% of the stock is owned by institutional investors.

Minerals Technologies Stock Down 3.0 %

MTX stock opened at $73.92 on Friday. The business’s 50-day moving average price is $76.95 and its 200-day moving average price is $76.87. The stock has a market cap of $2.36 billion, a P/E ratio of 15.66 and a beta of 1.30. Minerals Technologies Inc. has a twelve month low of $67.92 and a twelve month high of $90.29. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. Minerals Technologies had a net margin of 7.20% and a return on equity of 11.27%. On average, equities research analysts forecast that Minerals Technologies Inc. will post 6.05 EPS for the current year.

Minerals Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 14th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, February 14th. Minerals Technologies’s dividend payout ratio is currently 8.49%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Truist Financial initiated coverage on shares of Minerals Technologies in a report on Tuesday, January 28th. They set a “buy” rating and a $103.00 target price for the company. StockNews.com upgraded Minerals Technologies from a “hold” rating to a “buy” rating in a research note on Thursday.

Minerals Technologies Company 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.