Minerals Technologies Inc. (NYSE:MTX) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its holdings in Minerals Technologies Inc. (NYSE:MTX) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 238,300 shares of the basic materials company’s stock after selling 2,200 shares during the period. Gamco Investors INC. ET AL’s holdings in Minerals Technologies were worth $18,161,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC lifted its position in Minerals Technologies by 181.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 326 shares during the period. Blue Trust Inc. raised its stake in shares of Minerals Technologies by 21.4% during the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock valued at $78,000 after buying an additional 178 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Minerals Technologies in the 4th quarter valued at about $78,000. KBC Group NV boosted its stake in shares of Minerals Technologies by 43.9% in the fourth quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock worth $113,000 after buying an additional 451 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Minerals Technologies during the fourth quarter worth about $145,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

Minerals Technologies Stock Performance

Shares of MTX stock opened at $56.74 on Wednesday. The company has a market capitalization of $1.81 billion, a P/E ratio of 10.95 and a beta of 1.25. Minerals Technologies Inc. has a 12-month low of $52.40 and a 12-month high of $90.30. The business’s 50 day moving average is $65.69 and its two-hundred day moving average is $73.59. The company has a current ratio of 2.84, a quick ratio of 1.98 and a debt-to-equity ratio of 0.54.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. Analysts expect that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Friday, February 14th. Minerals Technologies’s dividend payout ratio is presently 8.49%.

Analyst Ratings Changes

MTX has been the subject of a number of analyst reports. Truist Financial decreased their price target on Minerals Technologies from $101.00 to $92.00 and set a “buy” rating for the company in a report on Monday. StockNews.com cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, April 9th.

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.