Glenmede Trust Co. NA Decreases Holdings in Minerals Technologies Inc. $MTX

Glenmede Trust Co. NA cut its holdings in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 160,795 shares of the basic materials company's stock after selling 15,649 shares during the quarter. Glenmede Trust Co. NA owned approximately 0.52% of Minerals Technologies worth $11,404,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in Minerals Technologies by 28.4% during the first quarter. Royal Bank of Canada now owns 19,629 shares of the basic materials company's stock worth $1,249,000 after buying an additional 4,337 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Minerals Technologies by 9.3% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 110,044 shares of the basic materials company's stock worth $6,995,000 after acquiring an additional 9,363 shares during the period. Jane Street Group LLC boosted its stake in Minerals Technologies by 177.6% in the first quarter. Jane Street Group LLC now owns 68,156 shares of the basic materials company's stock valued at $4,333,000 after acquiring an additional 43,604 shares during the last quarter. Intech Investment Management LLC boosted its stake in Minerals Technologies by 30.5% in the first quarter. Intech Investment Management LLC now owns 18,504 shares of the basic materials company's stock valued at $1,176,000 after acquiring an additional 4,322 shares during the last quarter. Finally, Strs Ohio purchased a new position in Minerals Technologies in the first quarter valued at about $70,000. 97.29% of the stock is currently owned by institutional investors.

Minerals Technologies Price Performance

NYSE MTX opened at $76.19 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.43 and a debt-to-equity ratio of 0.60. The company has a market cap of $2.36 billion, a PE ratio of -35.11 and a beta of 1.15. Minerals Technologies Inc. has a 52 week low of $53.94 and a 52 week high of $84.34. The firm's 50-day simple moving average is $75.62 and its two-hundred day simple moving average is $72.80.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted its earnings results on Thursday, July 30th. The basic materials company reported $1.60 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.04). The business had revenue of $548.40 million during the quarter, compared to analysts' expectations of $558.77 million. Minerals Technologies had a positive return on equity of 10.63% and a negative net margin of 3.13%.Minerals Technologies's revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 EPS. Research analysts predict that Minerals Technologies Inc. will post 6.34 earnings per share for the current year.

Minerals Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, August 14th. Minerals Technologies's payout ratio is currently -22.12%.

Insider Transactions at Minerals Technologies

In other Minerals Technologies news, VP Timothy Jordan sold 6,000 shares of the business's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $80.27, for a total transaction of $481,620.00. Following the sale, the vice president owned 1,279 shares of the company's stock, valued at $102,665.33. The trade was a 82.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on MTX shares. Wall Street Zen upgraded shares of Minerals Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 4th. Seaport Research Partners reiterated a "buy" rating on shares of Minerals Technologies in a research note on Monday, May 4th. Truist Financial increased their price objective on Minerals Technologies from $89.00 to $90.00 and gave the company a "buy" rating in a report on Monday, May 4th. Finally, Weiss Ratings raised Minerals Technologies from a "sell (d+)" rating to a "hold (c+)" rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $90.00.

Key Stories Impacting Minerals Technologies

Here are the key news stories impacting Minerals Technologies this week:

• Positive Sentiment: Second-quarter sales rose 4% year over year to $548.4 million, while adjusted EPS increased 3% to $1.60. First-half sales grew 7%, supporting management’s expectation for mid-single-digit full-year revenue growth. Minerals Technologies Second-Quarter Financial Results
• Positive Sentiment: Engineered Solutions was a key strength, with sales up 9% and adjusted operating income up 12%, including a record 17.8% operating margin. Management also said pricing actions should help recover inflation-related costs in the second half. MTX Q2 2026 Earnings Call Transcript
• Positive Sentiment: Cash generation improved, with first-half free cash flow of $44.8 million versus $11.1 million a year earlier. The balance sheet remained relatively solid, with adjusted net leverage of 1.6 times. A September 22 Investor Day could provide additional details on growth initiatives and new applications. MTX Sales Growth and Investor Day
• Neutral Sentiment: The $183.6 million net loss, or $5.90 per share, largely reflected a $290 million reserve increase related to talc claims and the Chapter 11 proceedings of BMI OldCo. Excluding special items, operating income was $74.6 million, though below the prior-year level.
• Negative Sentiment: Management guided for third-quarter EPS of $1.55–$1.60 and revenue of approximately $550 million, below consensus estimates of $1.74 and $561.7 million, respectively. This signals near-term pressure from inflation, unfavorable mix and weaker Consumer & Specialties results.
• Negative Sentiment: Reported second-quarter adjusted EPS of $1.60 and revenue of $548.4 million missed analyst expectations of $1.64 and $558.8 million. Consumer & Specialties sales declined 1%, and its adjusted operating income fell 21% amid higher costs.

About Minerals Technologies

Minerals Technologies Inc develops, produces and processes a broad range of mineral-based products and solutions that serve a variety of industrial applications. Its offerings include bentonite, perlite, precipitated calcium carbonate (PCC), mineral sands, foundry additives, performance minerals and specialty chemicals designed to enhance performance in markets such as paper, steel, construction, oil and gas, environmental remediation and consumer products.

The company operates through several business segments, including Specialty Minerals, Refractory Minerals, Performance Materials and Recycled Materials.

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