Venturi Wealth Management LLC Invests $78,000 in Minerals Technologies Inc. (NYSE:MTX)

Venturi Wealth Management LLC bought a new position in shares of Minerals Technologies Inc. (NYSE:MTX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,025 shares of the basic materials company’s stock, valued at approximately $78,000.

A number of other institutional investors have also modified their holdings of MTX. Blue Trust Inc. increased its position in shares of Minerals Technologies by 2,418.2% during the third quarter. Blue Trust Inc. now owns 831 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 798 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Minerals Technologies by 78.5% during the third quarter. Assenagon Asset Management S.A. now owns 161,440 shares of the basic materials company’s stock worth $12,468,000 after acquiring an additional 71,021 shares during the period. Semanteon Capital Management LP purchased a new position in shares of Minerals Technologies during the third quarter worth approximately $478,000. Principal Financial Group Inc. increased its position in shares of Minerals Technologies by 2.0% during the third quarter. Principal Financial Group Inc. now owns 162,291 shares of the basic materials company’s stock worth $12,534,000 after acquiring an additional 3,230 shares during the period. Finally, MQS Management LLC purchased a new position in shares of Minerals Technologies during the third quarter worth approximately $343,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Minerals Technologies Stock Performance

Shares of MTX stock opened at $69.79 on Tuesday. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 13.47 and a beta of 1.30. The company’s 50 day moving average is $75.09 and its 200 day moving average is $76.30. 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 52-week low of $69.43 and a 52-week high of $90.29.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Friday, February 14th. Minerals Technologies’s dividend payout ratio is currently 8.49%.

Analyst Ratings Changes

MTX has been the topic of several research reports. StockNews.com raised shares of Minerals Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Truist Financial cut their price objective on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, February 10th.

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.