Public Sector Pension Investment Board Has $7.42 Million Holdings in Minerals Technologies Inc. (NYSE:MTX)

Public Sector Pension Investment Board raised its holdings in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 46.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,769 shares of the basic materials company's stock after purchasing an additional 37,276 shares during the period. Public Sector Pension Investment Board owned 0.37% of Minerals Technologies worth $7,423,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. QRG Capital Management Inc. raised its position in shares of Minerals Technologies by 7.3% in 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. GAMMA Investing LLC raised its position in shares of Minerals Technologies by 15,381.2% in 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 raised its position in shares of Minerals Technologies by 341.8% in 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. Principal Financial Group Inc. raised its position in shares of Minerals Technologies by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 171,008 shares of the basic materials company's stock valued at $10,871,000 after acquiring an additional 4,361 shares during the period. Finally, Isthmus Partners LLC acquired a new stake in shares of Minerals Technologies in the 1st quarter valued at approximately $1,279,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MTX. Truist Financial increased their price target 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. Wall Street Zen upgraded shares of Minerals Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd.

Minerals Technologies Price Performance

NYSE MTX opened at $61.65 on Friday. The business has a 50 day simple moving average of $57.83 and a 200 day simple moving average of $61.21. Minerals Technologies Inc. has a 52-week low of $49.54 and a 52-week high of $86.49. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 1.95. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 1,027.67 and a beta of 1.22.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted its earnings results on Thursday, July 24th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.43 by $0.12. Minerals Technologies had a return on equity of 10.64% and a net margin of 0.10%. The business had revenue of $528.90 million during the quarter, compared to analysts' expectations of $529.13 million. During the same period in the prior year, the business earned $1.65 EPS. Minerals Technologies's revenue for the quarter was down 2.3% compared to the same quarter last year. Analysts anticipate that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 15th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, August 15th. Minerals Technologies's dividend payout ratio is presently 733.33%.

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.

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