Minerals Technologies Inc. (NYSE:MTX) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its position in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 51.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,516 shares of the basic materials company's stock after selling 22,544 shares during the quarter. BNP Paribas Financial Markets owned about 0.07% of Minerals Technologies worth $1,640,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MTX. Algert Global LLC lifted its stake in Minerals Technologies by 18.5% in the fourth quarter. Algert Global LLC now owns 52,767 shares of the basic materials company's stock worth $4,021,000 after purchasing an additional 8,255 shares during the last quarter. AXA S.A. raised its holdings in shares of Minerals Technologies by 4.5% in the fourth quarter. AXA S.A. now owns 26,688 shares of the basic materials company's stock worth $2,034,000 after buying an additional 1,161 shares during the period. AQR Capital Management LLC raised its holdings in shares of Minerals Technologies by 5.3% in the fourth quarter. AQR Capital Management LLC now owns 99,468 shares of the basic materials company's stock worth $7,580,000 after buying an additional 5,051 shares during the period. Lido Advisors LLC lifted its stake in shares of Minerals Technologies by 39.2% during the 4th quarter. Lido Advisors LLC now owns 3,660 shares of the basic materials company's stock worth $279,000 after acquiring an additional 1,030 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Minerals Technologies by 9.6% during the 4th quarter. Northern Trust Corp now owns 498,929 shares of the basic materials company's stock valued at $38,023,000 after acquiring an additional 43,546 shares during the period. Institutional investors own 97.29% of the company's stock.

Insider Activity at Minerals Technologies

In other news, CFO Erik Aldag acquired 1,000 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were purchased at an average price of $50.37 per share, with a total value of $50,370.00. Following the transaction, the chief financial officer now directly owns 4,245 shares in the company, valued at approximately $213,820.65. This represents a 30.82% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.

Minerals Technologies Trading Down 2.4%

Shares of NYSE:MTX traded down $1.44 during trading on Wednesday, reaching $58.23. 463,563 shares of the company were exchanged, compared to its average volume of 187,328. The business's fifty day simple moving average is $58.59 and its 200-day simple moving average is $69.92. 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 12-month low of $49.54 and a 12-month high of $90.30. The firm has a market capitalization of $1.85 billion, a PE ratio of 11.24 and a beta of 1.22.

Minerals Technologies (NYSE:MTX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The basic materials company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. The firm had revenue of $491.80 million for the quarter, compared to analysts' expectations of $502.03 million. During the same quarter in the prior year, the business posted $1.49 EPS. The business's quarterly revenue was down 8.0% on a year-over-year basis. On average, research analysts anticipate that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, May 30th. Minerals Technologies's payout ratio is -57.14%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Truist Financial reduced their target price on Minerals Technologies from $92.00 to $80.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. StockNews.com downgraded shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th.

About Minerals Technologies

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.