Minerals Technologies Inc. $MTX Shares Bought by Atria Investments Inc

Atria Investments Inc grew its holdings in Minerals Technologies Inc. (NYSE:MTX) by 17.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,326 shares of the basic materials company’s stock after buying an additional 1,064 shares during the quarter. Atria Investments Inc’s holdings in Minerals Technologies were worth $403,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTX. Blue Trust Inc. raised its position in Minerals Technologies by 44.6% in the second quarter. Blue Trust Inc. now owns 1,011 shares of the basic materials company’s stock worth $56,000 after acquiring an additional 312 shares in the last quarter. Strs Ohio purchased a new stake in shares of Minerals Technologies during the 1st quarter worth $70,000. Quarry LP grew its stake in shares of Minerals Technologies by 105.3% during the 1st quarter. Quarry LP now owns 1,503 shares of the basic materials company’s stock worth $96,000 after purchasing an additional 771 shares during the period. Quantbot Technologies LP acquired a new position in shares of Minerals Technologies during the 1st quarter worth $124,000. Finally, State of Wyoming increased its holdings in shares of Minerals Technologies by 11.5% in the 1st quarter. State of Wyoming now owns 2,684 shares of the basic materials company’s stock valued at $171,000 after purchasing an additional 277 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Ratings Changes

MTX has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Minerals Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 18th. Truist Financial lifted their price target on shares of Minerals Technologies from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Minerals Technologies in a report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $84.00.

Minerals Technologies Stock Performance

NYSE MTX opened at $57.24 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.98 and a debt-to-equity ratio of 0.56. Minerals Technologies Inc. has a fifty-two week low of $49.54 and a fifty-two week high of $86.49. The business has a fifty day moving average of $60.49 and a 200-day moving average of $58.96. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of -2,860.57 and a beta of 1.26.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Wednesday, March 15th. The basic materials company reported $1.50 EPS for the quarter. Minerals Technologies had a positive return on equity of 10.69% and a negative net margin of 0.08%.The firm had revenue of $557.00 million during the quarter. As a group, analysts predict that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, October 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, October 30th. This is a positive change from Minerals Technologies’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a dividend yield of 0.8%. Minerals Technologies’s payout ratio is currently -2,400.00%.

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.