Ieq Capital LLC Takes $244,000 Position in Minerals Technologies Inc. (NYSE:MTX)

Ieq Capital LLC acquired a new position in Minerals Technologies Inc. (NYSE:MTX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,199 shares of the basic materials company’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its stake in shares of Minerals Technologies by 12.9% in the 4th quarter. New York State Common Retirement Fund now owns 11,381 shares of the basic materials company’s stock valued at $867,000 after purchasing an additional 1,300 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Minerals Technologies in the fourth quarter valued at approximately $78,000. CIBC Asset Management Inc acquired a new stake in Minerals Technologies during the 4th quarter worth $242,000. Principal Financial Group Inc. raised its position in shares of Minerals Technologies by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 166,647 shares of the basic materials company’s stock valued at $12,700,000 after acquiring an additional 4,356 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Minerals Technologies by 1.9% in the 4th quarter. Rhumbline Advisers now owns 99,525 shares of the basic materials company’s stock valued at $7,585,000 after purchasing an additional 1,877 shares during the period. 97.29% of the stock is owned by institutional investors.

Minerals Technologies Trading Up 0.6 %

MTX opened at $68.69 on Friday. The firm’s fifty day moving average is $74.32 and its two-hundred day moving average is $76.17. The firm has a market cap of $2.19 billion, a PE ratio of 13.26 and a beta of 1.30. Minerals Technologies Inc. has a twelve month low of $67.71 and a twelve month high of $90.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%. Equities research analysts anticipate that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 14th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.64%. Minerals Technologies’s dividend payout ratio is presently 8.49%.

Analysts Set New Price Targets

A number of research firms recently commented on MTX. StockNews.com downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Truist Financial lowered their price target on Minerals Technologies from $103.00 to $101.00 and set a “buy” rating for the company in a research note on Monday, February 10th.

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.