Teacher Retirement System of Texas Purchases 14,253 Shares of Minerals Technologies Inc. (NYSE:MTX)

Teacher Retirement System of Texas increased its position in Minerals Technologies Inc. (NYSE:MTX) by 42.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,929 shares of the basic materials company’s stock after purchasing an additional 14,253 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.15% of Minerals Technologies worth $3,653,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of Minerals Technologies by 181.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock valued at $38,000 after buying an additional 326 shares during the last quarter. Blue Trust Inc. lifted its holdings in Minerals Technologies by 21.4% during the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 178 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Minerals Technologies during the 4th quarter valued at $78,000. KBC Group NV boosted 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 worth $113,000 after purchasing an additional 451 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Minerals Technologies in the fourth quarter valued at about $145,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on MTX. Truist Financial reduced their target price on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating for the company in a report on Monday, February 10th. StockNews.com downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th.

Minerals Technologies Stock Up 1.6 %

MTX opened at $66.20 on Tuesday. The stock has a fifty day moving average of $71.78 and a 200-day moving average of $75.34. The company has a market capitalization of $2.11 billion, a P/E ratio of 12.78 and a beta of 1.28. Minerals Technologies Inc. has a fifty-two week low of $64.30 and a fifty-two week high of $90.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data 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%. On average, equities analysts expect 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 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 of this dividend was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.66%. Minerals Technologies’s dividend payout ratio (DPR) is presently 8.49%.

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.