Swiss National Bank Has $4.82 Million Position in Minerals Technologies Inc. (NYSE:MTX)

Swiss National Bank increased its holdings in Minerals Technologies Inc. (NYSE:MTX) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,300 shares of the basic materials company’s stock after purchasing an additional 400 shares during the period. Swiss National Bank’s holdings in Minerals Technologies were worth $4,824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTX. Principal Financial Group Inc. raised its holdings in shares of Minerals Technologies by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 166,647 shares of the basic materials company’s stock worth $12,700,000 after buying an additional 4,356 shares in the last quarter. State Street Corp raised its stake in Minerals Technologies by 2.6% during the third quarter. State Street Corp now owns 1,268,792 shares of the basic materials company’s stock worth $97,989,000 after acquiring an additional 32,196 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Minerals Technologies by 9.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 115,887 shares of the basic materials company’s stock valued at $8,950,000 after purchasing an additional 10,284 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Minerals Technologies by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 47,847 shares of the basic materials company’s stock worth $3,728,000 after purchasing an additional 8,335 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its position in shares of Minerals Technologies by 74.4% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 17,264 shares of the basic materials company’s stock worth $1,316,000 after purchasing an additional 7,364 shares in the last quarter. Institutional investors own 97.29% of the company’s stock.

Minerals Technologies Stock Performance

Minerals Technologies stock opened at $66.20 on Tuesday. The stock has a 50-day simple moving average of $71.78 and a 200 day simple moving average of $75.34. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 12.78 and a beta of 1.28. The company has a quick ratio of 1.98, a current ratio of 2.84 and a debt-to-equity ratio of 0.54. Minerals Technologies Inc. has a 12-month low of $64.30 and a 12-month high of $90.30.

Minerals Technologies (NYSE:MTX) last announced its earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. On average, research analysts anticipate that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 14th were given a $0.11 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.66%. Minerals Technologies’s payout ratio is 8.49%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MTX. StockNews.com cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th. Truist Financial decreased their price target on Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a research report 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.