Minerals Technologies Inc. (NYSE:MTX) Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 4.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,916 shares of the basic materials company's stock after selling 4,609 shares during the period. Rhumbline Advisers owned about 0.30% of Minerals Technologies worth $6,034,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC lifted its position in shares of Minerals Technologies by 181.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 326 shares in the last quarter. Quarry LP lifted its position in shares of Minerals Technologies by 536.5% in the fourth quarter. Quarry LP now owns 732 shares of the basic materials company's stock valued at $56,000 after acquiring an additional 617 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Minerals Technologies in the fourth quarter valued at approximately $78,000. Vestcor Inc purchased a new position in Minerals Technologies during the fourth quarter worth approximately $185,000. Finally, Inspire Advisors LLC purchased a new position in Minerals Technologies during the fourth quarter worth approximately $207,000. 97.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Minerals Technologies

In other Minerals Technologies news, Director Kristina M. Johnson bought 1,000 shares of Minerals Technologies stock in a transaction on Friday, May 2nd. The shares were bought at an average price of $53.79 per share, for a total transaction of $53,790.00. Following the completion of the transaction, the director now directly owns 1,400 shares of the company's stock, valued at $75,306. This trade represents a 250.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.30% of the company's stock.

Minerals Technologies Trading Up 0.8%

Minerals Technologies stock traded up $0.45 during trading on Monday, reaching $54.56. 207,544 shares of the company were exchanged, compared to its average volume of 189,842. Minerals Technologies Inc. has a 52-week low of $49.54 and a 52-week high of $90.30. The company has a market capitalization of $1.73 billion, a P/E ratio of 10.53 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 stock's 50 day simple moving average is $56.61 and its two-hundred day simple moving average is $66.70.

Minerals Technologies (NYSE:MTX - Get Free Report) last announced 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 return on equity of 11.49% and a net margin of 7.89%. The company had revenue of $491.80 million for the quarter, compared to analysts' expectations of $502.03 million. During the same quarter in the previous year, the business posted $1.49 EPS. The business's quarterly revenue was down 8.0% compared to the same quarter last year. On average, equities research analysts expect 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 was paid on Thursday, June 12th. Shareholders of record on Friday, May 30th were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.44 dividend on an annualized basis and a yield of 0.81%. Minerals Technologies's dividend payout ratio is currently -57.14%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MTX. Truist Financial reduced their price objective on 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 downgraded Minerals Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th.

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.