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

Boston Trust Walden Corp cut its stake in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 604,238 shares of the basic materials company's stock after selling 10,285 shares during the quarter. Boston Trust Walden Corp owned approximately 1.90% of Minerals Technologies worth $38,411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in shares of Minerals Technologies by 15,381.2% during the 1st quarter. GAMMA Investing LLC now owns 13,159 shares of the basic materials company's stock worth $837,000 after purchasing an additional 13,074 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Minerals Technologies by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 166,647 shares of the basic materials company's stock worth $12,700,000 after purchasing an additional 4,356 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of 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 worth $442,000 after purchasing an additional 474 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Minerals Technologies by 29.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 20,261 shares of the basic materials company's stock worth $1,288,000 after purchasing an additional 4,584 shares during the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Minerals Technologies during the 1st quarter worth approximately $652,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MTX. Wall Street Zen cut Minerals Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Truist Financial lowered their target price on Minerals Technologies from $92.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, April 28th.

Insider Buying and Selling at Minerals Technologies

In other news, CFO Erik Aldag bought 1,000 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was purchased at an average price of $50.37 per share, for a total transaction of $50,370.00. Following the completion of the purchase, the chief financial officer now owns 4,245 shares in the company, valued at approximately $213,820.65. This trade represents a 30.82% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 2,370 shares of company stock valued at $124,255 over the last quarter. 3.50% of the stock is owned by company insiders.

Minerals Technologies Trading Up 2.3%

MTX traded up $1.20 during trading hours on Monday, reaching $54.49. The company's stock had a trading volume of 326,459 shares, compared to its average volume of 191,960. Minerals Technologies Inc. has a fifty-two week low of $49.54 and a fifty-two week high of $90.30. The stock has a market cap of $1.73 billion, a PE ratio of -70.77 and a beta of 1.22. The business's 50-day moving average is $56.33 and its 200-day moving average is $65.91. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.89 and a quick ratio of 1.31.

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

Minerals Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date was Friday, May 30th. Minerals Technologies's payout ratio is -57.14%.

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.