Minerals Technologies Inc. (NYSE:MTX) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp cut its position in Minerals Technologies Inc. (NYSE:MTX) by 1.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 614,523 shares of the basic materials company’s stock after selling 11,897 shares during the period. Boston Trust Walden Corp’s holdings in Minerals Technologies were worth $46,833,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of MTX. KBC Group NV grew its position in Minerals Technologies by 43.9% in the 4th 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 in the last quarter. Blue Trust Inc. boosted its stake in shares of Minerals Technologies by 21.4% in the fourth 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 period. SG Americas Securities LLC acquired a new position in shares of Minerals Technologies in the fourth quarter valued at approximately $145,000. Diversified Trust Co increased its stake in Minerals Technologies by 7.7% during the 4th quarter. Diversified Trust Co now owns 11,774 shares of the basic materials company’s stock worth $897,000 after buying an additional 841 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Minerals Technologies by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 115,887 shares of the basic materials company’s stock worth $8,950,000 after buying an additional 10,284 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analysts Set New Price Targets

MTX has been the subject of a number of recent research reports. StockNews.com lowered Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Truist Financial began coverage on Minerals Technologies in a research note on Tuesday, January 28th. They issued a “buy” rating and a $103.00 price objective for the company.

Minerals Technologies Trading Down 1.9 %

Shares of NYSE:MTX opened at $75.20 on Tuesday. Minerals Technologies Inc. has a 52 week low of $67.92 and a 52 week high of $90.29. The company’s 50 day moving average is $77.49 and its two-hundred day moving average is $77.03. The company has a market cap of $2.40 billion, a PE ratio of 15.93 and a beta of 1.31. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51.

Minerals Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Friday, February 14th. Minerals Technologies’s dividend payout ratio is presently 9.32%.

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.