1 week Ago By ABMN Staff
Geode Capital Management LLC boosted its stake in Minerals Technologies Inc. ( NYSE:MTX – Free Report ) by 0.9% during the fourth quarter, according to the company in its most recent filing with the SEC.
The fund owned 873,123 shares of the basic materials company’s stock after buying an additional 7,780 shares during the period. Geode Capital Management LLC owned approximately 2.74% of Minerals Technologies worth $66,554,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Blair William & Co. IL increased its stake in shares of Minerals Technologies by 3.
2% during the fourth quarter. Blair William & Co. IL now owns 5,657 shares of the basic materials company’s stock worth $431,000 after purchasing an additional 177 shares during the period.
Blue Trust Inc. boosted its position 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 acquiring an additional 178 shares during the period. Savant Capital LLC grew its stake in shares of Minerals Technologies by 7.
4% in the fourth quarter. Savant Capital LLC now owns 3,783 shares of the basic materials company’s stock valued at $288,000 after acquiring an additional 260 shares in the last quarter. QRG Capital Management Inc.
increased its position in Minerals Technologies by 4.5% during the fourth quarter. QRG Capital Management Inc.
now owns 6,481 shares of the basic materials company’s stock worth $494,000 after acquiring an additional 280 shares during the period. Finally, Hillsdale Investment Management Inc. raised its stake in Minerals Technologies by 0.
6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 51,980 shares of the basic materials company’s stock worth $3,961,000 after purchasing an additional 300 shares in the last quarter.
97.29% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes MTX has been the subject of a number of analyst reports.
StockNews.com downgraded shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. Truist Financial reduced their target price on Minerals Technologies from $103.
00 to $101.00 and set a “buy” rating on the stock in a report on Monday, February 10th. Minerals Technologies Price Performance Shares of NYSE:MTX opened at $56.
19 on Friday. The company has a current ratio of 2.84, a quick ratio of 1.
98 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $1.
79 billion, a PE ratio of 10.85 and a beta of 1.25.
The firm has a 50 day moving average of $66.45 and a 200-day moving average of $73.86.
Minerals Technologies Inc. has a 12 month low of $52.40 and a 12 month high of $90.
30. Minerals Technologies ( NYSE:MTX – Get Free Report ) last released its earnings results on Thursday, February 6th. The basic materials company reported $1.
50 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.11.
Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%.
On average, equities research analysts predict that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.
Minerals Technologies Dividend Announcement The firm also recently announced 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.
This represents a $0.44 annualized dividend and a yield of 0.78%.
The ex-dividend date of this dividend was Friday, February 14th. Minerals Technologies’s payout ratio is 8.49%.
Minerals Technologies Company Profile ( Free Report ) 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.
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