Louisiana State Employees Retirement System Sells 200 Shares of Minerals Technologies Inc. (NYSE:MTX)

Louisiana State Employees Retirement System lowered its stake in Minerals Technologies Inc. (NYSE:MTX) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,400 shares of the basic materials company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Minerals Technologies were worth $1,174,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Minerals Technologies by 64.2% in the 3rd quarter. FMR LLC now owns 1,234,719 shares of the basic materials company’s stock worth $95,357,000 after purchasing an additional 482,674 shares in the last quarter. Barclays PLC grew its holdings in shares of Minerals Technologies by 210.1% during the third quarter. Barclays PLC now owns 111,526 shares of the basic materials company’s stock valued at $8,615,000 after buying an additional 75,565 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Minerals Technologies by 78.5% during the third quarter. Assenagon Asset Management S.A. now owns 161,440 shares of the basic materials company’s stock worth $12,468,000 after acquiring an additional 71,021 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Minerals Technologies in the 3rd quarter worth about $4,049,000. Finally, State Street Corp lifted its position in Minerals Technologies by 2.6% in the 3rd quarter. State Street Corp now owns 1,268,792 shares of the basic materials company’s stock valued at $97,989,000 after acquiring an additional 32,196 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on MTX shares. StockNews.com raised Minerals Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Truist Financial decreased 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.

Minerals Technologies Stock Down 3.2 %

MTX opened at $71.50 on Monday. Minerals Technologies Inc. has a fifty-two week low of $69.43 and a fifty-two week high of $90.29. The firm has a market capitalization of $2.28 billion, a P/E ratio of 13.80 and a beta of 1.30. The company’s 50-day moving average is $75.93 and its 200 day moving average is $76.34. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.46 and a quick ratio of 1.72.

Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.61%. Research analysts expect that Minerals Technologies Inc. will post 6.81 earnings per share for the current fiscal year.

Minerals Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.62%. Minerals Technologies’s dividend payout ratio (DPR) is presently 8.49%.

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.