Blair William & Co. IL Has $416,000 Stake in Minerals Technologies Inc. $MTX

Blair William & Co. IL increased its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 39.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,559 shares of the basic materials company’s stock after acquiring an additional 2,129 shares during the period. Blair William & Co. IL’s holdings in Minerals Technologies were worth $416,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Nuveen LLC bought a new position in shares of Minerals Technologies in the 1st quarter valued at about $33,177,000. American Century Companies Inc. boosted its holdings in Minerals Technologies by 24.0% in the 1st quarter. American Century Companies Inc. now owns 1,068,079 shares of the basic materials company’s stock valued at $67,898,000 after purchasing an additional 206,906 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Minerals Technologies in the 1st quarter valued at about $4,429,000. Jane Street Group LLC boosted its holdings in Minerals Technologies by 177.6% in the 1st quarter. Jane Street Group LLC now owns 68,156 shares of the basic materials company’s stock valued at $4,333,000 after purchasing an additional 43,604 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its holdings in Minerals Technologies by 189.4% in the 1st quarter. Cubist Systematic Strategies LLC now owns 63,259 shares of the basic materials company’s stock valued at $4,021,000 after purchasing an additional 41,398 shares during the period. Institutional investors own 97.29% of the company’s stock.

Minerals Technologies Stock Performance

MTX opened at $59.32 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. The company’s fifty day moving average price is $62.23 and its two-hundred day moving average price is $58.82. Minerals Technologies Inc. has a 1-year low of $49.54 and a 1-year high of $86.49. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 988.86 and a beta of 1.23.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Wednesday, March 15th. The basic materials company reported $1.50 earnings per share for the quarter. Minerals Technologies had a net margin of 0.10% and a return on equity of 10.64%. The company had revenue of $557.00 million for the quarter. On average, analysts expect that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, October 30th will be given a dividend of $0.12 per share. This is a boost from Minerals Technologies’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, October 30th. Minerals Technologies’s dividend payout ratio (DPR) is 733.33%.

Analysts Set New Price Targets

A number of research firms have issued reports on MTX. Truist Financial boosted their price objective on shares of Minerals Technologies from $80.00 to $84.00 and gave the company a “buy” rating in a report on Monday, July 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Minerals Technologies in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Minerals Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $84.00.

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.