Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.08 Million Position in Minerals Technologies Inc. (NYSE:MTX)

Posted by Defense World Staff on Aug 18th, 2023

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its stake in shares of Minerals Technologies Inc. (NYSE:MTX – Free Report) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,359 shares of the basic materials company’s stock after selling 370 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.11% of Minerals Technologies worth $2,076,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MTX. Ellevest Inc. boosted its holdings in shares of Minerals Technologies by 308.9% in the 4th quarter. Ellevest Inc. now owns 691 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 522 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of Minerals Technologies by 126.1% in the 2nd quarter. Quantbot Technologies LP now owns 997 shares of the basic materials company’s stock valued at $61,000 after purchasing an additional 556 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Minerals Technologies in the 2nd quarter valued at $72,000. Quadrant Capital Group LLC boosted its holdings in shares of Minerals Technologies by 107.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,378 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 713 shares in the last quarter. Finally, Cable Hill Partners LLC acquired a new stake in shares of Minerals Technologies during the 4th quarter valued at $203,000. Institutional investors and hedge funds own 95.80% of the company’s stock.

Minerals Technologies Trading Up 1.5 %

NYSE:MTX opened at $57.55 on Friday. The company has a market cap of $1.87 billion, a P/E ratio of 19.25 and a beta of 1.30. The stock’s fifty day moving average price is $56.96 and its two-hundred day moving average price is $58.89. Minerals Technologies Inc. has a 1 year low of $49.38 and a 1 year high of $73.57. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.29 and a quick ratio of 1.54.

Minerals Technologies (NYSE:MTX – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.04. Minerals Technologies had a return on equity of 9.00% and a net margin of 4.52%. The company had revenue of $551.50 million for the quarter, compared to the consensus estimate of $564.70 million. As a group, analysts expect that Minerals Technologies Inc. will post 5.14 EPS for the current year.

Minerals Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, August 17th. This represents a $0.20 dividend on an annualized basis and a yield of 0.35%. Minerals Technologies’s payout ratio is 6.69%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. StockNews.com assumed coverage on Minerals Technologies in a report on Thursday. They set a “hold” rating on the stock. CL King upgraded Minerals Technologies from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a research report on Monday, July 31st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $71.00.

View Our Latest Stock Report on MTX

Minerals Technologies Profile

(Free Report)

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services. The company operates through three segments: Performance Materials, Specialty Minerals and Refractories. The Performance Materials segment supplies bentonite and bentonite-related products, as well as leonardite.