Minerals Technologies Inc. $MTX Stock Holdings Lessened by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its stake in Minerals Technologies Inc. (NYSE:MTX) by 2.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 538,798 shares of the basic materials company’s stock after selling 16,359 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.70% of Minerals Technologies worth $34,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the stock. Snyder Capital Management L P lifted its position in shares of Minerals Technologies by 8.5% in the fourth quarter. Snyder Capital Management L P now owns 630,381 shares of the basic materials company’s stock worth $48,041,000 after purchasing an additional 49,376 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Minerals Technologies by 6.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 543,547 shares of the basic materials company’s stock valued at $33,879,000 after acquiring an additional 32,342 shares in the last quarter. Northern Trust Corp raised its position in Minerals Technologies by 9.6% during the fourth quarter. Northern Trust Corp now owns 498,929 shares of the basic materials company’s stock valued at $38,023,000 after acquiring an additional 43,546 shares in the last quarter. Bank of America Corp DE raised its position in Minerals Technologies by 4.0% during the fourth quarter. Bank of America Corp DE now owns 434,789 shares of the basic materials company’s stock valued at $33,135,000 after acquiring an additional 16,683 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Minerals Technologies by 5.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 364,408 shares of the basic materials company’s stock valued at $27,771,000 after acquiring an additional 18,856 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Truist Financial increased 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.

Minerals Technologies Trading Down 0.4%

Shares of MTX stock opened at $60.46 on Tuesday. Minerals Technologies Inc. has a 12 month low of $49.54 and a 12 month high of $86.49. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.57. The business’s 50 day moving average is $57.91 and its two-hundred day moving average is $60.76. The company has a market cap of $1.90 billion, a PE ratio of 1,007.85 and a beta of 1.22.

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

Minerals Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $0.11 dividend. The ex-dividend date is Friday, August 15th. This represents a $0.44 annualized dividend and a dividend yield of 0.7%. Minerals Technologies’s dividend payout ratio (DPR) is presently 733.33%.

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.