Swiss National Bank Acquires 400 Shares of Minerals Technologies Inc. (NYSE:MTX)

Swiss National Bank raised its holdings in Minerals Technologies Inc. (NYSE:MTX) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,300 shares of the basic materials company’s stock after acquiring an additional 400 shares during the quarter. Swiss National Bank owned about 0.20% of Minerals Technologies worth $4,824,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MTX. State Street Corp raised its stake in shares of 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. FMR LLC lifted its stake in shares of Minerals Technologies by 64.2% in the third quarter. FMR LLC now owns 1,234,719 shares of the basic materials company’s stock worth $95,357,000 after buying an additional 482,674 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Minerals Technologies by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 865,343 shares of the basic materials company’s stock worth $66,841,000 after buying an additional 31,616 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Minerals Technologies by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 555,157 shares of the basic materials company’s stock valued at $42,309,000 after buying an additional 2,647 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Minerals Technologies by 1.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 511,205 shares of the basic materials company’s stock worth $38,330,000 after acquiring an additional 7,488 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MTX has been the topic of several research analyst reports. StockNews.com downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th. Truist Financial dropped their price target on Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, February 10th.

Minerals Technologies Price Performance

Shares of Minerals Technologies stock opened at $66.20 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98. The company has a market cap of $2.11 billion, a PE ratio of 12.78 and a beta of 1.28. The firm has a fifty day moving average price of $71.78 and a two-hundred day moving average price of $75.34. Minerals Technologies Inc. has a fifty-two week low of $64.30 and a fifty-two week high of $90.30.

Minerals Technologies (NYSE:MTX) last released its 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 7.89% and a return on equity of 11.49%. Analysts expect that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, February 14th. Minerals Technologies’s dividend payout ratio is presently 8.49%.

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.