Illinois Municipal Retirement Fund Sells 656 Shares of Minerals Technologies Inc. (NYSE:MTX)

Illinois Municipal Retirement Fund decreased its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,462 shares of the basic materials company’s stock after selling 656 shares during the period. Illinois Municipal Retirement Fund owned approximately 0.05% of Minerals Technologies worth $1,331,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Minerals Technologies by 21.4% during the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 178 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Minerals Technologies during the 4th quarter valued at about $78,000. KBC Group NV boosted its stake in shares of Minerals Technologies by 43.9% during the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock valued at $113,000 after purchasing an additional 451 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Minerals Technologies during the 4th quarter valued at about $145,000. Finally, Paloma Partners Management Co bought a new stake in shares of Minerals Technologies during the 3rd quarter valued at about $214,000. Institutional investors own 97.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on MTX shares. StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Truist Financial dropped their price objective on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, February 10th.

Minerals Technologies Trading Up 0.6 %

NYSE:MTX opened at $68.69 on Friday. Minerals Technologies Inc. has a one year low of $67.71 and a one year high of $90.29. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98. The company’s 50-day simple moving average is $74.32 and its 200 day simple moving average is $76.20. The firm has a market capitalization of $2.19 billion, a P/E ratio of 13.26 and a beta of 1.30.

Minerals Technologies (NYSE:MTX) last issued its earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (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%. As a group, analysts forecast that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 14th will be paid 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%.

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.