Blair William & Co. IL Has $345,000 Stake in Minerals Technologies Inc. (NYSE:MTX)

Blair William & Co. IL trimmed its holdings in Minerals Technologies Inc. (NYSE:MTX) by 4.0% in the first quarter, Holdings Channel reports. The fund owned 5,430 shares of the basic materials company’s stock after selling 227 shares during the period. Blair William & Co. IL’s holdings in Minerals Technologies were worth $345,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP grew its stake in Minerals Technologies by 536.5% in the fourth quarter. Quarry LP now owns 732 shares of the basic materials company’s stock valued at $56,000 after acquiring an additional 617 shares during the period. PharVision Advisers LLC acquired a new position in Minerals Technologies in the fourth quarter valued at about $236,000. Sterling Capital Management LLC grew its stake in Minerals Technologies by 32.9% in the fourth quarter. Sterling Capital Management LLC now owns 3,589 shares of the basic materials company’s stock valued at $274,000 after acquiring an additional 888 shares during the period. Lido Advisors LLC grew its stake in Minerals Technologies by 39.2% in the fourth quarter. Lido Advisors LLC now owns 3,660 shares of the basic materials company’s stock valued at $279,000 after acquiring an additional 1,030 shares during the period. Finally, EP Wealth Advisors LLC grew its stake in Minerals Technologies by 12.1% in the fourth quarter. EP Wealth Advisors LLC now owns 3,907 shares of the basic materials company’s stock valued at $298,000 after acquiring an additional 421 shares during the period. 97.29% of the stock is owned by institutional investors and hedge funds.

Minerals Technologies Stock Performance

Shares of Minerals Technologies stock opened at $58.41 on Tuesday. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 973.58 and a beta of 1.22. The stock’s 50-day moving average is $57.57 and its 200-day moving average is $61.30. Minerals Technologies Inc. has a one year low of $49.54 and a one year high of $86.49. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.95 and a quick ratio of 1.35.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, July 24th. The basic materials company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.12. The company had revenue of $528.90 million for the quarter, compared to analyst estimates of $529.13 million. Minerals Technologies had a return on equity of 10.64% and a net margin of 0.10%. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.65 earnings per share. Equities analysts predict that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, August 15th. Minerals Technologies’s payout ratio is 733.33%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MTX. Wall Street Zen raised Minerals Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Truist Financial boosted their price target on Minerals Technologies from $80.00 to $84.00 and gave the company a “buy” rating in a report on Monday, July 28th.

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.