32,161 Shares in Minerals Technologies Inc. (NYSE:MTX) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Minerals Technologies Inc. (NYSE:MTX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 32,161 shares of the basic materials company’s stock, valued at approximately $2,451,000. Proficio Capital Partners LLC owned approximately 0.10% of Minerals Technologies as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC raised its holdings in shares of Minerals Technologies by 181.1% during 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. increased its position in shares of Minerals Technologies by 21.4% during 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 in the last quarter. Venturi Wealth Management LLC acquired a new position in Minerals Technologies in the 4th quarter valued at $78,000. KBC Group NV lifted its holdings in 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 purchasing an additional 451 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Minerals Technologies in the 4th quarter valued at $145,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

Minerals Technologies Price Performance

Shares of MTX opened at $67.83 on Wednesday. The firm has a 50-day simple moving average of $72.29 and a two-hundred day simple moving average of $75.57. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98. Minerals Technologies Inc. has a 1-year low of $65.64 and a 1-year high of $90.30. The stock has a market cap of $2.16 billion, a PE ratio of 13.09 and a beta of 1.28.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 earnings per share for the quarter, beating 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%. As a group, analysts forecast that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were paid a dividend of $0.11 per share. The ex-dividend date was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.65%. Minerals Technologies’s payout ratio is 8.49%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. StockNews.com downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. Truist Financial reduced their price target on Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, February 10th.

Minerals Technologies 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.