Minerals Technologies (NYSE:MTX) Research Coverage Started at Truist Financial

Truist Financial began coverage on shares of Minerals Technologies (NYSE:MTX) in a research note released on Tuesday, MarketBeat reports. The firm issued a buy rating and a $103.00 price objective on the basic materials company’s stock.

Separately, StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

Minerals Technologies Trading Up 0.9 %

Shares of Minerals Technologies stock opened at $77.37 on Tuesday. The firm has a market cap of $2.47 billion, a PE ratio of 16.39 and a beta of 1.31. Minerals Technologies has a 1 year low of $64.91 and a 1 year high of $90.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.46 and a quick ratio of 1.72. The stock has a fifty day moving average price of $77.73 and a 200-day moving average price of $77.24.

Minerals Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 14th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.57%. Minerals Technologies’s dividend payout ratio is presently 9.32%.

Institutional Investors Weigh In On Minerals Technologies

Several large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in Minerals Technologies by 21.4% during the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 178 shares during the period. Savant Capital LLC grew its stake in Minerals Technologies by 7.4% in the 4th quarter. Savant Capital LLC now owns 3,783 shares of the basic materials company’s stock valued at $288,000 after buying an additional 260 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Minerals Technologies by 9.6% during the 3rd quarter. Quantinno Capital Management LP now owns 4,178 shares of the basic materials company’s stock valued at $323,000 after acquiring an additional 366 shares during the period. Diversified Trust Co lifted its position in shares of Minerals Technologies by 4.0% during the third quarter. Diversified Trust Co now owns 10,933 shares of the basic materials company’s stock worth $844,000 after acquiring an additional 419 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Minerals Technologies by 43.9% in the fourth quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock worth $113,000 after acquiring an additional 451 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

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.