UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 14,820 Shares of Minerals Technologies Inc. (NYSE:MTX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 100,681 shares of the basic materials company's stock after purchasing an additional 14,820 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.32% of Minerals Technologies worth $7,673,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. FMR LLC lifted its stake in Minerals Technologies by 42.7% in the fourth quarter. FMR LLC now owns 1,761,925 shares of the basic materials company's stock worth $134,276,000 after purchasing an additional 527,206 shares during the last quarter. Norges Bank purchased a new stake in Minerals Technologies in the fourth quarter worth $16,360,000. American Century Companies Inc. lifted its position in Minerals Technologies by 31.1% during the 4th quarter. American Century Companies Inc. now owns 861,173 shares of the basic materials company's stock valued at $65,630,000 after acquiring an additional 204,371 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Minerals Technologies in the 4th quarter worth approximately $10,797,000. Finally, Foundry Partners LLC purchased a new stake in shares of Minerals Technologies in the fourth quarter worth $7,735,000. 97.29% of the stock is owned by institutional investors.

Minerals Technologies Price Performance

Shares of NYSE MTX traded up $1.69 during mid-day trading on Tuesday, reaching $57.57. The company's stock had a trading volume of 207,956 shares, compared to its average volume of 188,683. The stock has a fifty day moving average of $57.03 and a two-hundred day moving average of $68.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98. Minerals Technologies Inc. has a 52 week low of $49.54 and a 52 week high of $90.30. The firm has a market capitalization of $1.83 billion, a PE ratio of 11.11 and a beta of 1.22.

Minerals Technologies (NYSE:MTX - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.02). Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. The company had revenue of $491.80 million for the quarter, compared to the consensus estimate of $502.03 million. During the same quarter in the previous year, the business earned $1.49 EPS. The company's quarterly revenue was down 8.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Friday, May 30th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend is Friday, May 30th. Minerals Technologies's payout ratio is presently -57.14%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wall Street Zen downgraded Minerals Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Truist Financial lowered their target price 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.

Insider Buying and Selling at Minerals Technologies

In related news, Director Kristina M. Johnson acquired 1,000 shares of Minerals Technologies stock in a transaction on Friday, May 2nd. The shares were bought at an average cost of $53.79 per share, with a total value of $53,790.00. Following the completion of the purchase, the director now directly owns 1,400 shares of the company's stock, valued at $75,306. The trade was a 250.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.30% of the stock is currently owned by company insiders.

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.