Diversified Trust Co. Has $300,000 Holdings in Minerals Technologies Inc. $MTX

Diversified Trust Co. decreased its holdings in Minerals Technologies Inc. (NYSE:MTX) by 61.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,929 shares of the basic materials company’s stock after selling 7,868 shares during the quarter. Diversified Trust Co.’s holdings in Minerals Technologies were worth $300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada grew its position in shares of Minerals Technologies by 28.4% in the 1st quarter. Royal Bank of Canada now owns 19,629 shares of the basic materials company’s stock valued at $1,249,000 after buying an additional 4,337 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Minerals Technologies by 9.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 110,044 shares of the basic materials company’s stock worth $6,995,000 after acquiring an additional 9,363 shares during the last quarter. Jane Street Group LLC raised its position in shares of Minerals Technologies by 177.6% during the first quarter. Jane Street Group LLC now owns 68,156 shares of the basic materials company’s stock worth $4,333,000 after acquiring an additional 43,604 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Minerals Technologies by 30.5% in the first quarter. Intech Investment Management LLC now owns 18,504 shares of the basic materials company’s stock worth $1,176,000 after acquiring an additional 4,322 shares during the period. Finally, Strs Ohio bought a new position in Minerals Technologies during the 1st quarter worth approximately $70,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Minerals Technologies from $84.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Zacks Research raised shares of Minerals Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Minerals Technologies in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $89.00.

Minerals Technologies Stock Performance

Shares of MTX stock opened at $70.50 on Monday. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -138.23 and a beta of 1.24. Minerals Technologies Inc. has a 52 week low of $49.54 and a 52 week high of $75.29. The company has a quick ratio of 1.45, a current ratio of 2.08 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $69.61 and a 200-day moving average of $63.72.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings data on Thursday, January 29th. The basic materials company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.01). The company had revenue of $519.50 million during the quarter, compared to the consensus estimate of $517.83 million. Minerals Technologies had a negative net margin of 0.89% and a positive return on equity of 10.22%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.28 EPS. On average, equities analysts forecast that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.

Minerals Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Friday, February 13th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, February 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. Minerals Technologies’s dividend payout ratio is currently -94.12%.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces and processes a broad range of mineral-based products and solutions that serve a variety of industrial applications. Its offerings include bentonite, perlite, precipitated calcium carbonate (PCC), mineral sands, foundry additives, performance minerals and specialty chemicals designed to enhance performance in markets such as paper, steel, construction, oil and gas, environmental remediation and consumer products.

The company operates through several business segments, including Specialty Minerals, Refractory Minerals, Performance Materials and Recycled Materials.