New York State Common Retirement Fund Purchases 1,300 Shares of Minerals Technologies Inc. (NYSE:MTX)

New York State Common Retirement Fund grew its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 12.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,381 shares of the basic materials company’s stock after acquiring an additional 1,300 shares during the quarter. New York State Common Retirement Fund’s holdings in Minerals Technologies were worth $867,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp raised its stake in Minerals Technologies by 2.6% during the third quarter. State Street Corp now owns 1,268,792 shares of the basic materials company’s stock valued at $97,989,000 after purchasing an additional 32,196 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Minerals Technologies by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 115,887 shares of the basic materials company’s stock valued at $8,950,000 after buying an additional 10,284 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Minerals Technologies by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 47,847 shares of the basic materials company’s stock valued at $3,728,000 after buying an additional 8,335 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Minerals Technologies by 42.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 64,110 shares of the basic materials company’s stock valued at $4,951,000 after acquiring an additional 19,037 shares during the last quarter. Finally, Verition Fund Management LLC grew its position in Minerals Technologies by 161.2% in the third quarter. Verition Fund Management LLC now owns 10,332 shares of the basic materials company’s stock worth $798,000 after acquiring an additional 6,377 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Truist Financial lowered their price target on 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 Trading Down 1.7 %

Shares of NYSE MTX opened at $67.56 on Tuesday. The company has a quick ratio of 1.98, a current ratio of 2.84 and a debt-to-equity ratio of 0.54. Minerals Technologies Inc. has a twelve month low of $67.22 and a twelve month high of $90.29. The business has a fifty day simple moving average of $74.15 and a two-hundred day simple moving average of $76.18. The firm has a market cap of $2.16 billion, a PE ratio of 13.04 and a beta of 1.30.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data 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 11.49%. Analysts expect that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 14th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Friday, February 14th. Minerals Technologies’s dividend payout ratio is currently 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.