Allspring Global Investments Holdings LLC Has $38.33 Million Position in Minerals Technologies Inc. (NYSE:MTX)

Allspring Global Investments Holdings LLC boosted its holdings in Minerals Technologies Inc. (NYSE:MTX) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 511,205 shares of the basic materials company’s stock after buying an additional 7,488 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.60% of Minerals Technologies worth $38,330,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Savant Capital LLC lifted its holdings in Minerals Technologies by 7.4% during the 4th quarter. Savant Capital LLC now owns 3,783 shares of the basic materials company’s stock worth $288,000 after buying an additional 260 shares during the period. Guidance Capital Inc. acquired a new position in shares of Minerals Technologies in the fourth quarter worth approximately $462,000. KBC Group NV increased its position in Minerals Technologies by 43.9% during the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock valued at $113,000 after purchasing an additional 451 shares during the period. Blue Trust Inc. raised 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 worth $78,000 after purchasing an additional 178 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Minerals Technologies in the 4th quarter worth approximately $145,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on MTX. Truist Financial lowered 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 note on Monday, February 10th. StockNews.com upgraded Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th.

Minerals Technologies Stock Down 3.2 %

Minerals Technologies stock opened at $71.50 on Friday. The company has a market capitalization of $2.28 billion, a PE ratio of 13.80 and a beta of 1.30. Minerals Technologies Inc. has a 12-month low of $69.43 and a 12-month high of $90.29. The firm’s fifty day moving average is $76.09 and its 200 day moving average is $76.41. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.61%. As a group, sell-side analysts predict that Minerals Technologies Inc. will post 6.81 EPS for the current fiscal year.

Minerals Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.44 annualized dividend and a yield of 0.62%. Minerals Technologies’s payout ratio is currently 8.49%.

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.