Boston Trust Walden Corp Lowers Stock Position in Minerals Technologies Inc. (NYSE:MTX)

Boston Trust Walden Corp decreased its position in Minerals Technologies Inc. (NYSE:MTX) by 2.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 626,420 shares of the basic materials company’s stock after selling 14,470 shares during the period. Boston Trust Walden Corp owned about 1.94% of Minerals Technologies worth $48,378,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of MTX. Vanguard Group Inc. lifted its holdings in Minerals Technologies by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,738,256 shares of the basic materials company’s stock valued at $281,416,000 after purchasing an additional 25,056 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Minerals Technologies by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,296,727 shares of the basic materials company’s stock valued at $190,996,000 after buying an additional 15,563 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Minerals Technologies by 2.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 528,945 shares of the basic materials company’s stock worth $43,987,000 after buying an additional 14,909 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Minerals Technologies by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 322,706 shares of the basic materials company’s stock worth $26,836,000 after buying an additional 2,715 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in shares of Minerals Technologies by 13.9% during the second quarter. Panagora Asset Management Inc. now owns 211,382 shares of the basic materials company’s stock valued at $17,579,000 after acquiring an additional 25,831 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, October 19th.

Minerals Technologies Price Performance

Minerals Technologies stock opened at $76.46 on Friday. The company has a fifty day simple moving average of $75.24 and a 200-day simple moving average of $78.24. The firm has a market capitalization of $2.46 billion, a price-to-earnings ratio of 28.53 and a beta of 1.30. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.53. Minerals Technologies Inc. has a 52-week low of $50.30 and a 52-week high of $90.29.

Minerals Technologies (NYSE:MTX) last issued its earnings results on Thursday, October 24th. The basic materials company reported $1.51 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.02). The company had revenue of $524.70 million for the quarter, compared to analyst estimates of $539.75 million. Minerals Technologies had a return on equity of 11.46% and a net margin of 4.05%. On average, equities analysts anticipate that Minerals Technologies Inc. will post 6.2 EPS for the current fiscal year.

Minerals Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st will be paid a $0.11 dividend. The ex-dividend date is Thursday, October 31st. This is an increase from Minerals Technologies’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.58%. Minerals Technologies’s dividend payout ratio (DPR) is 14.93%.

About Minerals Technologies

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.