Boston Trust Walden Corp Purchases 55,345 Shares of Minerals Technologies Inc. $MTX

Key Points

• Boston Trust Walden Corp increased its stake in Minerals Technologies Inc. by 9.2%, now owning approximately 659,583 shares valued at $36.3 million.
• Several institutional investors, including GAMMA Investing LLC and SG Americas Securities LLC, significantly boosted their positions in Minerals Technologies, highlighting strong institutional interest in the company.
• The stock currently has a market capitalization of $1.87 billion, with an earnings forecast of 6.62 EPS for this year and a consensus target price of $84.00.

Boston Trust Walden Corp boosted its position in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 9.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 659,583 shares of the basic materials company's stock after purchasing an additional 55,345 shares during the period. Boston Trust Walden Corp owned about 2.08% of Minerals Technologies worth $36,323,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC grew its position 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 valued at $837,000 after acquiring an additional 13,074 shares during the period. SG Americas Securities LLC grew its position in shares of Minerals Technologies by 341.8% during the 1st 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 during the period. Assenagon Asset Management S.A. grew its position 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 valued at $1,288,000 after acquiring an additional 4,584 shares during the period. QRG Capital Management Inc. grew its position 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 valued at $442,000 after acquiring an additional 474 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Minerals Technologies by 6.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 543,547 shares of the basic materials company's stock valued at $33,879,000 after acquiring an additional 32,342 shares during the period. 97.29% of the stock is owned by institutional investors.

Minerals Technologies Stock Performance

Shares of MTX stock opened at $59.55 on Wednesday. The stock has a market capitalization of $1.87 billion, a P/E ratio of 992.60 and a beta of 1.23. The company has a current ratio of 1.95, a quick ratio of 1.35 and a debt-to-equity ratio of 0.57. The firm's 50 day moving average is $62.11 and its 200 day moving average is $58.86. Minerals Technologies Inc. has a 12 month low of $49.54 and a 12 month high of $86.49.

Minerals Technologies (NYSE:MTX - Get Free Report) last announced its quarterly earnings results on Wednesday, March 15th. The basic materials company reported $1.50 EPS for the quarter. The company had revenue of $557.00 million for the quarter. Minerals Technologies had a net margin of 0.10% and a return on equity of 10.64%. On average, sell-side analysts anticipate that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MTX. Wall Street Zen raised shares of Minerals Technologies from a "buy" rating to a "strong-buy" rating in a research report on Friday, October 3rd. Truist Financial increased their target price on shares of Minerals Technologies from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Minerals Technologies in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $84.00.

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.

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