Skylands Capital LLC Sells 150 Shares of Minerals Technologies Inc. (NYSE:MTX)

Skylands Capital LLC trimmed its stake in Minerals Technologies Inc. (NYSE:MTX) by 0.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 94,400 shares of the basic materials company’s stock after selling 150 shares during the quarter. Minerals Technologies accounts for 1.0% of Skylands Capital LLC’s portfolio, making the stock its 29th biggest holding. Skylands Capital LLC owned about 0.30% of Minerals Technologies worth $7,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of Minerals Technologies by 2,418.2% during the third quarter. Blue Trust Inc. now owns 831 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 798 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in Minerals Technologies in the fourth quarter worth about $78,000. KBC Group NV increased its position in 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 buying an additional 451 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Minerals Technologies in the fourth quarter worth about $145,000. Finally, Paloma Partners Management Co bought a new position in shares of Minerals Technologies in the third quarter worth about $214,000. 97.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on MTX shares. StockNews.com raised Minerals Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Truist Financial lowered their price objective on Minerals Technologies from $103.00 to $101.00 and set a “buy” rating for the company in a research note on Monday, February 10th.

Minerals Technologies Trading Down 1.6 %

Shares of NYSE MTX opened at $69.94 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84. The business’s 50 day moving average price is $75.09 and its 200-day moving average price is $76.25. Minerals Technologies Inc. has a fifty-two week low of $69.43 and a fifty-two week high of $90.29. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 13.50 and a beta of 1.30.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share for the quarter, topping the consensus estimate 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 expect that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.

Minerals Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 14th will be issued a $0.11 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.63%. Minerals Technologies’s dividend payout ratio is presently 8.49%.

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.