69,677 Shares in Minerals Technologies Inc. (NYSE:MTX) Bought by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 69,677 shares of Minerals Technologies Inc., valued at approximately $4,429,000, representing 0.22% of the company.
• Minerals Technologies recently reported a quarterly dividend of $0.11 per share with a yield of 0.67%, to be paid on September 5th.
• Shares of Minerals Technologies have been rated from "buy" to "hold" by various analysts, with a recent price target adjustment from $92.00 to $80.00 by Truist Financial.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Minerals Technologies Inc. (NYSE:MTX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 69,677 shares of the basic materials company's stock, valued at approximately $4,429,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.22% of Minerals Technologies at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Blair William & Co. IL raised its stake in 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 worth $431,000 after buying an additional 177 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in Minerals Technologies by 4.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 5,312 shares of the basic materials company's stock worth $405,000 after buying an additional 235 shares in the last quarter. Bank of Montreal Can raised its stake in Minerals Technologies by 4.5% in the fourth quarter. Bank of Montreal Can now owns 7,309 shares of the basic materials company's stock worth $557,000 after buying an additional 312 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Minerals Technologies by 5.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,021 shares of the basic materials company's stock worth $611,000 after buying an additional 389 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its stake in Minerals Technologies by 12.1% in the fourth quarter. EP Wealth Advisors LLC now owns 3,907 shares of the basic materials company's stock worth $298,000 after buying an additional 421 shares in the last quarter. Institutional investors own 97.29% of the company's stock.

Minerals Technologies Stock Performance

NYSE:MTX traded down $0.12 during mid-day trading on Thursday, hitting $58.36. The company's stock had a trading volume of 51,012 shares, compared to its average volume of 241,626. Minerals Technologies Inc. has a 1 year low of $49.54 and a 1 year high of $86.49. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.95 and a quick ratio of 1.35. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 972.58 and a beta of 1.20. The business's fifty day moving average is $57.66 and its two-hundred day moving average is $62.50.

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 the consensus estimate of $1.43 by $0.12. Minerals Technologies had a net margin of 0.10% and a return on equity of 10.64%. The business had revenue of $528.90 million for the quarter, compared to analyst estimates of $529.13 million. During the same period in the prior year, the company posted $1.65 EPS. The company's revenue for the quarter was down 2.3% on a year-over-year basis. Analysts anticipate that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.44 annualized dividend and a dividend yield of 0.75%. Minerals Technologies's dividend payout ratio (DPR) is 733.33%.

Insider Buying and Selling at Minerals Technologies

In other news, Director Kristina M. Johnson purchased 1,000 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was acquired at an average price of $53.79 per share, with a total value of $53,790.00. Following the purchase, the director directly owned 1,400 shares in the company, valued at approximately $75,306. This represents a 250.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 3.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MTX shares. Wall Street Zen downgraded Minerals Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Truist Financial upped their price target on Minerals Technologies from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Monday.

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.