Minerals Technologies Inc. (NYSE:MTX) Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp decreased its position in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 1.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 604,238 shares of the basic materials company's stock after selling 10,285 shares during the period. Boston Trust Walden Corp owned 1.90% of Minerals Technologies worth $38,411,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. QRG Capital Management Inc. raised its position in Minerals Technologies by 7.3% during the 1st quarter. QRG Capital Management Inc. now owns 6,955 shares of the basic materials company's stock valued at $442,000 after purchasing an additional 474 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Minerals Technologies by 29.2% during the first quarter. Assenagon Asset Management S.A. now owns 20,261 shares of the basic materials company's stock valued at $1,288,000 after buying an additional 4,584 shares during the period. SG Americas Securities LLC raised its holdings in shares of Minerals Technologies by 341.8% in the first quarter. SG Americas Securities LLC now owns 8,394 shares of the basic materials company's stock valued at $534,000 after acquiring an additional 6,494 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Minerals Technologies in the first quarter worth about $652,000. Finally, Wedge Capital Management L L P NC grew its holdings in Minerals Technologies by 13.3% during the 1st quarter. Wedge Capital Management L L P NC now owns 20,639 shares of the basic materials company's stock worth $1,312,000 after acquiring an additional 2,419 shares in the last quarter. Institutional investors own 97.29% of the company's stock.

Minerals Technologies Stock Down 1.1%

Shares of MTX traded down $0.61 during trading hours on Friday, hitting $53.19. The company had a trading volume of 635,675 shares, compared to its average volume of 192,274. The company has a current ratio of 1.89, a quick ratio of 1.31 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $1.69 billion, a PE ratio of -69.07 and a beta of 1.22. Minerals Technologies Inc. has a one year low of $49.54 and a one year high of $90.30. The company's fifty day moving average price is $56.39 and its two-hundred day moving average price is $66.32.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted its earnings results on Thursday, April 24th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.02). The company had revenue of $491.80 million during the quarter, compared to analysts' expectations of $502.03 million. Minerals Technologies had a negative net margin of 1.14% and a positive return on equity of 10.90%. Minerals Technologies's revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.49 EPS. As a group, equities analysts forecast that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 30th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.83%. Minerals Technologies's dividend payout ratio (DPR) is presently -57.14%.

Analysts Set New Price Targets

MTX has been the topic of a number of research reports. Truist Financial cut their target price on shares of Minerals Technologies from $92.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Wall Street Zen lowered shares of Minerals Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th.

Insider Activity at Minerals Technologies

In other news, Director Kristina M. Johnson purchased 1,000 shares of the business's stock in a transaction on Friday, May 2nd. The shares were acquired at an average cost of $53.79 per share, with a total value of $53,790.00. Following the completion of the acquisition, the director now owns 1,400 shares of the company's stock, valued at $75,306. This trade represents a 250.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought 2,370 shares of company stock valued at $124,255 over the last 90 days. Insiders own 3.30% of the company's stock.

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.