Keybank National Association OH Sells 789 Shares of Minerals Technologies Inc. (NYSE:MTX)

Keybank National Association OH lessened its holdings in shares of Minerals Technologies Inc. (NYSE:MTX) by 19.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,364 shares of the basic materials company’s stock after selling 789 shares during the period. Keybank National Association OH’s holdings in Minerals Technologies were worth $256,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of MTX. Smartleaf Asset Management LLC grew its holdings in Minerals Technologies by 181.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 326 shares during the period. Blue Trust Inc. grew its holdings in Minerals Technologies by 21.4% during the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 178 shares during the period. Venturi Wealth Management LLC acquired a new stake in Minerals Technologies during the 4th quarter worth $78,000. KBC Group NV grew its holdings in Minerals Technologies by 43.9% during the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock worth $113,000 after acquiring an additional 451 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Minerals Technologies in the 4th quarter valued at $145,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MTX shares. StockNews.com raised shares of Minerals Technologies from a “hold” rating to a “buy” rating in a report on Tuesday. Truist Financial decreased their price target on shares of 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 Price Performance

Shares of MTX stock opened at $67.29 on Wednesday. Minerals Technologies Inc. has a 12-month low of $66.19 and a 12-month high of $90.29. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 12.99 and a beta of 1.28. The company has a quick ratio of 1.98, a current ratio of 2.84 and a debt-to-equity ratio of 0.54. The firm has a fifty day moving average of $73.04 and a 200-day moving average of $75.87.

Minerals Technologies (NYSE:MTX) last announced its earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. On average, equities research analysts forecast that Minerals Technologies Inc. will post 6.62 earnings per share 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 paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Friday, February 14th. Minerals Technologies’s 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.