BlackRock Inc. boosted its position in shares of Minerals Technologies Inc (NYSE:MTX) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,683,524 shares of the basic materials company’s stock after acquiring an additional 17,944 shares during the quarter. BlackRock Inc. owned 10.41% of Minerals Technologies worth $253,611,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in MTX. Public Employees Retirement Association of Colorado purchased a new position in Minerals Technologies during the 4th quarter valued at about $152,000. Global X Management Co. LLC boosted its stake in shares of Minerals Technologies by 75.9% in the 4th quarter. Global X Management Co. LLC now owns 2,434 shares of the basic materials company’s stock valued at $168,000 after buying an additional 1,050 shares during the period. Boothbay Fund Management LLC purchased a new position in shares of Minerals Technologies in the 3rd quarter valued at about $218,000. Victory Capital Management Inc. boosted its stake in shares of Minerals Technologies by 67.4% in the 3rd quarter. Victory Capital Management Inc. now owns 3,439 shares of the basic materials company’s stock valued at $243,000 after buying an additional 1,385 shares during the period. Finally, Alambic Investment Management L.P. purchased a new position in shares of Minerals Technologies in the 4th quarter valued at about $262,000. Institutional investors own 96.01% of the company’s stock.
Minerals Technologies Inc (MTX) opened at $73.90 on Tuesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.75 and a quick ratio of 2.04. The stock has a market capitalization of $2,623.93, a PE ratio of 13.51 and a beta of 2.28. Minerals Technologies Inc has a 52 week low of $62.55 and a 52 week high of $80.50.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Friday, February 16th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.27%. The ex-dividend date was Thursday, February 15th. Minerals Technologies’s payout ratio is presently 3.66%.
In related news, Director Joseph C. Breunig acquired 800 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was acquired at an average price of $69.36 per share, for a total transaction of $55,488.00. Following the purchase, the director now owns 1,200 shares of the company’s stock, valued at approximately $83,232. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.
Several equities analysts have recently issued reports on MTX shares. ValuEngine upgraded Minerals Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, January 4th. Zacks Investment Research upgraded Minerals Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $80.00.
Minerals Technologies Profile
Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc.
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