Inceptionr LLC Lowers Stock Position in Minerals Technologies Inc. (NYSE:MTX)

Inceptionr LLC lessened its holdings in Minerals Technologies Inc. (NYSE:MTX) by 66.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,066 shares of the basic materials company’s stock after selling 6,119 shares during the period. Inceptionr LLC’s holdings in Minerals Technologies were worth $234,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its position in Minerals Technologies by 181.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 326 shares during the last quarter. Blue Trust Inc. lifted its position in Minerals Technologies by 21.4% during the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 178 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in Minerals Technologies during the fourth quarter valued at approximately $78,000. KBC Group NV lifted its position in Minerals Technologies by 43.9% during the fourth quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock valued at $113,000 after acquiring an additional 451 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Minerals Technologies during the fourth quarter valued at approximately $145,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Minerals Technologies Trading Down 1.5 %

Shares of Minerals Technologies stock opened at $66.81 on Tuesday. The company has a current ratio of 2.84, a quick ratio of 1.98 and a debt-to-equity ratio of 0.54. Minerals Technologies Inc. has a 12-month low of $66.33 and a 12-month high of $90.29. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 12.90 and a beta of 1.28. The firm’s 50 day simple moving average is $73.22 and its two-hundred day simple moving average is $75.94.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. Analysts predict that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 14th were paid a dividend of $0.11 per share. The ex-dividend date was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.66%. Minerals Technologies’s payout ratio is 8.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. StockNews.com cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Truist Financial decreased their target price on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating for the company in a research report on Monday, February 10th.

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.