Minerals Technologies Inc. (NYSE:MTX) Stock Holdings Trimmed by US Bancorp DE

US Bancorp DE decreased its position in Minerals Technologies Inc. (NYSE:MTX) by 1.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,618 shares of the basic materials company’s stock after selling 150 shares during the quarter. US Bancorp DE’s holdings in Minerals Technologies were worth $809,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Blue Trust Inc. boosted its holdings in Minerals Technologies by 21.4% in the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 178 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Minerals Technologies in the 4th quarter worth about $78,000. KBC Group NV boosted its holdings in shares of Minerals Technologies by 43.9% in the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock valued at $113,000 after buying an additional 451 shares during the period. SG Americas Securities LLC bought a new stake in shares of Minerals Technologies during the 4th quarter valued at about $145,000. Finally, Paloma Partners Management Co acquired a new stake in Minerals Technologies during the third quarter worth about $214,000. 97.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTX has been the subject of a number of research reports. Truist Financial decreased their target price on Minerals Technologies from $103.00 to $101.00 and set a “buy” rating for the company in a research note on Monday, February 10th. StockNews.com downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th.

Minerals Technologies Price Performance

NYSE MTX opened at $66.81 on Tuesday. The company has a current ratio of 2.84, a quick ratio of 1.98 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $73.22 and a two-hundred day moving average price of $75.94. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 12.90 and a beta of 1.28. Minerals Technologies Inc. has a 52 week low of $66.33 and a 52 week high of $90.29.

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

Minerals Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.66%. 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.