Minerals Technologies Inc. (NYSE:MTX) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its position in Minerals Technologies Inc. (NYSE:MTX) by 0.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,721,569 shares of the basic materials company’s stock after selling 690 shares during the period. Vanguard Group Inc. owned approximately 0.12% of Minerals Technologies worth $283,621,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MTX. Smartleaf Asset Management LLC boosted its stake 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 purchasing an additional 326 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of 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 buying an additional 178 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in Minerals Technologies during the fourth quarter worth about $78,000. KBC Group NV grew its stake 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 valued at $113,000 after acquiring an additional 451 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Minerals Technologies in the 4th quarter valued at about $145,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Minerals Technologies Stock Performance

Shares of MTX stock opened at $55.68 on Friday. The firm has a 50 day moving average of $69.35 and a two-hundred day moving average of $74.71. The stock has a market capitalization of $1.78 billion, a PE ratio of 10.75 and a beta of 1.25. 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 $54.80 and a 52 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 EPS for the quarter, topping the consensus estimate of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%. On average, research analysts predict that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal 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 0.79%. Minerals Technologies’s payout ratio is 8.49%.

Analyst Ratings Changes

Several research analysts have recently weighed in on MTX shares. StockNews.com upgraded Minerals Technologies from a “hold” rating to a “buy” rating in a report on Tuesday. Truist Financial lowered their price objective on Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, February 10th.

Minerals Technologies Company 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.