Thrivent Financial for Lutherans Has $3.99 Million Stake in Minerals Technologies Inc. (NYSE:MTX)

Thrivent Financial for Lutherans lessened its position in Minerals Technologies Inc. (NYSE:MTX) by 18.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 52,345 shares of the basic materials company’s stock after selling 11,765 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Minerals Technologies were worth $3,989,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MTX. Cibc World Markets Corp acquired a new position in shares of Minerals Technologies in the fourth quarter valued at approximately $226,000. Brandes Investment Partners LP acquired a new position in Minerals Technologies in the 4th quarter valued at approximately $3,648,000. Picton Mahoney Asset Management raised its stake in shares of Minerals Technologies by 1,347.0% during the fourth quarter. Picton Mahoney Asset Management now owns 7,105 shares of the basic materials company’s stock valued at $542,000 after acquiring an additional 6,614 shares during the last quarter. Vestcor Inc acquired a new position in shares of Minerals Technologies during the fourth quarter worth $185,000. Finally, Swiss National Bank grew its stake in shares of Minerals Technologies by 0.6% in the fourth quarter. Swiss National Bank now owns 63,300 shares of the basic materials company’s stock worth $4,824,000 after purchasing an additional 400 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on MTX shares. StockNews.com downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, March 19th. Truist Financial cut their price objective on 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 Price Performance

Shares of NYSE MTX opened at $65.18 on Wednesday. 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 has a market capitalization of $2.08 billion, a PE ratio of 12.58 and a beta of 1.28. The firm has a fifty day simple moving average of $71.57 and a 200 day simple moving average of $75.30. Minerals Technologies Inc. has a twelve month low of $64.30 and a twelve month high of $90.30.

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

Minerals Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were paid a $0.11 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.68%. Minerals Technologies’s dividend payout ratio is currently 8.49%.

Minerals Technologies 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.