2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. reduced its position in Minerals Technologies Inc. ( NYSE:MTX – Free Report ) by 25.
6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,826 shares of the basic materials company’s stock after selling 13,390 shares during the period. Russell Investments Group Ltd.
owned about 0.12% of Minerals Technologies worth $2,959,000 at the end of the most recent quarter. Other hedge funds and other institutional investors also recently made changes to their positions in the company.
Envestnet Asset Management Inc. increased its holdings in Minerals Technologies by 5.7% in the fourth quarter.
Envestnet Asset Management Inc. now owns 18,125 shares of the basic materials company’s stock worth $1,381,000 after buying an additional 973 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Minerals Technologies by 27.
9% during the 4th quarter. Wells Fargo & Company MN now owns 21,642 shares of the basic materials company’s stock worth $1,649,000 after purchasing an additional 4,719 shares during the last quarter. Foundry Partners LLC bought a new position in shares of Minerals Technologies during the 4th quarter valued at $7,735,000.
Kesler Norman & Wride LLC raised its holdings in shares of Minerals Technologies by 57.0% during the 4th quarter. Kesler Norman & Wride LLC now owns 9,254 shares of the basic materials company’s stock valued at $705,000 after purchasing an additional 3,359 shares in the last quarter.
Finally, Trexquant Investment LP lifted its stake in shares of Minerals Technologies by 23.6% in the 4th quarter. Trexquant Investment LP now owns 43,555 shares of the basic materials company’s stock valued at $3,319,000 after purchasing an additional 8,312 shares during the last quarter.
97.29% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets Several equities analysts have commented on MTX shares.
Truist Financial lowered their target price on shares of Minerals Technologies from $101.00 to $92.00 and set a “buy” rating on the stock in a research report on Monday.
StockNews.com lowered Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, April 9th. Minerals Technologies Trading Up 0.
9 % NYSE:MTX opened at $56.73 on Friday. The company has a quick ratio of 1.
98, a current ratio of 2.84 and a debt-to-equity ratio of 0.54.
The company’s 50 day moving average is $65.02 and its 200-day moving average is $73.33.
The firm has a market cap of $1.81 billion, a price-to-earnings ratio of 10.95 and a beta of 1.
25. Minerals Technologies Inc. has a 12 month low of $52.
40 and a 12 month high of $90.30. Minerals Technologies ( NYSE:MTX – Get Free Report ) last announced its earnings results 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 net margin of 7.89% and a return on equity of 11.
49%. Equities 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 was paid on Friday, March 7th. Investors of record on Friday, February 14th were given a dividend of $0.
11 per share. The ex-dividend date was Friday, February 14th. This represents a $0.
44 annualized dividend and a dividend yield of 0.78%. Minerals Technologies’s dividend payout ratio is presently 8.
49%. Minerals Technologies Company Profile ( Free Report ) 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. Further Reading Receive News & Ratings for Minerals Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Minerals Technologies and related companies with MarketBeat.com's FREE daily email newsletter .
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