Mutual of America Capital Management LLC Has $224,000 Stock Position in Minerals Technologies Inc. $MTX

Mutual of America Capital Management LLC decreased its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 12.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,076 shares of the basic materials company’s stock after selling 568 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Minerals Technologies were worth $224,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Boston Trust Walden Corp increased its position in Minerals Technologies by 9.2% during the second quarter. Boston Trust Walden Corp now owns 659,583 shares of the basic materials company’s stock worth $36,323,000 after buying an additional 55,345 shares during the last quarter. Vest Financial LLC increased its holdings in shares of Minerals Technologies by 24.9% during the 2nd quarter. Vest Financial LLC now owns 28,981 shares of the basic materials company’s stock worth $1,596,000 after acquiring an additional 5,779 shares during the last quarter. CWM LLC increased its holdings in shares of Minerals Technologies by 763.5% in the second quarter. CWM LLC now owns 6,537 shares of the basic materials company’s stock valued at $360,000 after purchasing an additional 5,780 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of Minerals Technologies by 32.6% in the second quarter. Inspire Investing LLC now owns 8,381 shares of the basic materials company’s stock valued at $462,000 after purchasing an additional 2,060 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Minerals Technologies by 44.6% in the second quarter. Blue Trust Inc. now owns 1,011 shares of the basic materials company’s stock valued at $56,000 after purchasing an additional 312 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Minerals Technologies Trading Up 0.2%

Shares of MTX stock opened at $55.18 on Friday. The company has a 50 day moving average of $61.84 and a 200-day moving average of $58.95. Minerals Technologies Inc. has a 12-month low of $49.54 and a 12-month high of $86.49. The firm has a market cap of $1.72 billion, a P/E ratio of -2,757.62 and a beta of 1.23. The company has a quick ratio of 1.37, a current ratio of 1.98 and a debt-to-equity ratio of 0.56.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Wednesday, March 15th. The basic materials company reported $1.50 earnings per share for the quarter. The company had revenue of $557.00 million for the quarter. Minerals Technologies had a negative net margin of 0.08% and a positive return on equity of 10.69%. Sell-side analysts anticipate that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.

Minerals Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, October 30th will be given a dividend of $0.12 per share. This is an increase from Minerals Technologies’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $0.48 dividend on an annualized basis and a yield of 0.9%. Minerals Technologies’s dividend payout ratio is -2,200.00%.

Analysts Set New Price Targets

Several research firms recently commented on MTX. Truist Financial upped their price target on shares of Minerals Technologies from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Wall Street Zen lowered shares of Minerals Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Minerals Technologies in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Minerals Technologies currently has a consensus rating of “Hold” and an average price target of $84.00.

Minerals Technologies 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.