Deutsche Bank AG Reduces Holdings in Minerals Technologies Inc. (NYSE:MTX)

Deutsche Bank AG lessened its holdings in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 46.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,475 shares of the basic materials company's stock after selling 24,545 shares during the quarter. Deutsche Bank AG owned 0.09% of Minerals Technologies worth $2,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Blair William & Co. IL raised its position in shares of Minerals Technologies by 3.2% in the fourth quarter. Blair William & Co. IL now owns 5,657 shares of the basic materials company's stock valued at $431,000 after purchasing an additional 177 shares during the period. Blue Trust Inc. raised its position in shares of Minerals Technologies by 21.4% in the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company's stock worth $78,000 after buying an additional 178 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Minerals Technologies by 4.6% in the 4th quarter. Balyasny Asset Management L.P. now owns 5,312 shares of the basic materials company's stock valued at $405,000 after acquiring an additional 235 shares in the last quarter. Savant Capital LLC lifted its position in Minerals Technologies by 7.4% during the fourth quarter. Savant Capital LLC now owns 3,783 shares of the basic materials company's stock valued at $288,000 after purchasing an additional 260 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Minerals Technologies by 4.5% during the 4th quarter. QRG Capital Management Inc. now owns 6,481 shares of the basic materials company's stock worth $494,000 after acquiring an additional 280 shares during the last quarter. Institutional investors own 97.29% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on MTX shares. Truist Financial reduced their price target 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 cut Minerals Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th.

Minerals Technologies Stock Down 0.9%

MTX stock traded down $0.52 during midday trading on Wednesday, hitting $59.43. The stock had a trading volume of 17,318 shares, compared to its average volume of 225,996. Minerals Technologies Inc. has a 52-week low of $49.54 and a 52-week high of $90.29. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 11.47 and a beta of 1.22. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98. The business has a 50-day moving average of $57.69 and a two-hundred day moving average of $69.18.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The basic materials company reported $1.14 earnings per share 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 return on equity of 11.49% and a net margin of 7.89%. The business's quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.49 EPS. As a group, equities research analysts forecast that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 30th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Friday, May 30th. Minerals Technologies's dividend payout ratio is currently -57.14%.

Insider Buying and Selling at Minerals Technologies

In other Minerals Technologies news, Director Kristina M. Johnson bought 1,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average cost of $53.79 per share, for a total transaction of $53,790.00. Following the completion of the transaction, the director now owns 1,400 shares of the company's stock, valued at $75,306. This represents a 250.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.30% of the company's stock.

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.