Minerals Technologies Inc. (NYSE:MTX) Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its holdings in shares of Minerals Technologies Inc. (NYSE:MTX) by 3.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 90,339 shares of the basic materials company’s stock after selling 2,766 shares during the period. Legal & General Group Plc’s holdings in Minerals Technologies were worth $6,885,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Blair William & Co. IL boosted its position in Minerals Technologies by 3.2% during the 4th quarter. Blair William & Co. IL now owns 5,657 shares of the basic materials company’s stock valued at $431,000 after purchasing an additional 177 shares during the period. Blue Trust Inc. grew 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 acquiring an additional 178 shares during the last quarter. Savant Capital LLC increased its holdings in shares of Minerals Technologies by 7.4% in the 4th quarter. Savant Capital LLC now owns 3,783 shares of the basic materials company’s stock worth $288,000 after acquiring an additional 260 shares during the period. QRG Capital Management Inc. lifted its position in Minerals Technologies by 4.5% in the 4th quarter. QRG Capital Management Inc. now owns 6,481 shares of the basic materials company’s stock valued at $494,000 after purchasing an additional 280 shares during the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in Minerals Technologies by 0.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 51,980 shares of the basic materials company’s stock valued at $3,961,000 after purchasing an additional 300 shares during the period. Institutional investors own 97.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on MTX. StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 9th. Truist Financial cut their target price on Minerals Technologies from $101.00 to $92.00 and set a “buy” rating on the stock in a research note on Monday, April 14th.

Minerals Technologies Stock Performance

Shares of NYSE MTX opened at $56.73 on Friday. Minerals Technologies Inc. has a 52-week low of $52.40 and a 52-week high of $90.30. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 10.95 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. The stock’s fifty day simple moving average is $64.68 and its 200 day simple moving average is $73.18.

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

Minerals Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were paid a $0.11 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.78%. Minerals Technologies’s payout ratio is 8.49%.

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.