1 week Ago By ABMN Staff
JPMorgan Chase & Co. lifted its stake in Minerals Technologies Inc. ( NYSE:MTX – Free Report ) by 78.
7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 207,033 shares of the basic materials company’s stock after purchasing an additional 91,146 shares during the period. JPMorgan Chase & Co.
owned about 0.65% of Minerals Technologies worth $15,778,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently added to or reduced their stakes in the company.
Smartleaf Asset Management LLC grew its position in shares of Minerals Technologies by 181.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 326 shares during the last quarter.
Blue Trust Inc. raised its holdings in Minerals Technologies by 21.4% in the 4th 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 acquired a new position in shares of Minerals Technologies during the 4th quarter valued at about $78,000.
KBC Group NV grew its stake in shares of 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 buying an additional 451 shares during the period.
Finally, SG Americas Securities LLC purchased a new stake in shares of Minerals Technologies during the 4th quarter worth about $145,000. Institutional investors and hedge funds own 97.29% of the company’s stock.
Minerals Technologies Price Performance Shares of NYSE MTX opened at $56.19 on Friday. The company has a debt-to-equity ratio of 0.
54, a current ratio of 2.84 and a quick ratio of 1.98.
Minerals Technologies Inc. has a 1-year low of $52.40 and a 1-year high of $90.
30. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 10.
85 and a beta of 1.25. The business has a 50-day moving average of $66.
45 and a 200-day moving average of $73.86. Minerals Technologies Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, March 7th.
Investors 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 was Friday, February 14th.
Minerals Technologies’s dividend payout ratio (DPR) is 8.49%. Analyst Ratings Changes A number of brokerages have weighed in on MTX.
StockNews.com cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. Truist Financial cut their target price on shares of Minerals Technologies from $103.
00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, February 10th. View Our Latest Report on MTX About Minerals Technologies ( 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. Further Reading Receive News & Ratings for Minerals Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Minerals Technologies and related companies with MarketBeat.
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