Aufman Associates Inc Sells 12,500 Shares of Minerals Technologies Inc. (NYSE:MTX)

Aufman Associates Inc trimmed its stake in Minerals Technologies Inc. (NYSE:MTX) by 25.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,997 shares of the basic materials company’s stock after selling 12,500 shares during the period. Minerals Technologies comprises approximately 1.9% of Aufman Associates Inc’s investment portfolio, making the stock its 9th biggest position. Aufman Associates Inc owned approximately 0.11% of Minerals Technologies worth $2,743,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. FMR LLC lifted its position in shares of Minerals Technologies by 64.2% in the 3rd quarter. FMR LLC now owns 1,234,719 shares of the basic materials company’s stock worth $95,357,000 after purchasing an additional 482,674 shares during the period. Norges Bank bought a new stake in Minerals Technologies during the fourth quarter valued at $16,360,000. American Century Companies Inc. grew its holdings in Minerals Technologies by 31.1% during the 4th quarter. American Century Companies Inc. now owns 861,173 shares of the basic materials company’s stock worth $65,630,000 after acquiring an additional 204,371 shares during the period. Raymond James Financial Inc. bought a new position in shares of Minerals Technologies in the 4th quarter worth about $10,797,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Minerals Technologies by 78.7% in the 4th quarter. JPMorgan Chase & Co. now owns 207,033 shares of the basic materials company’s stock valued at $15,778,000 after purchasing an additional 91,146 shares during the period. 97.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial lowered their target price on Minerals Technologies from $103.00 to $101.00 and set a “buy” rating for the company in a report on Monday, February 10th. StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th.

Minerals Technologies Price Performance

MTX stock opened at $63.77 on Friday. 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 moving average is $70.90 and its 200-day moving average is $75.10. The stock has a market capitalization of $2.03 billion, a PE ratio of 12.31 and a beta of 1.28. Minerals Technologies Inc. has a 1 year low of $62.80 and a 1 year high of $90.30.

Minerals Technologies (NYSE:MTX) last announced its quarterly 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 return on equity of 11.49% and a net margin of 7.89%. Equities research analysts expect that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 14th were paid a dividend of $0.11 per share. The ex-dividend date was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.69%. Minerals Technologies’s dividend payout ratio (DPR) is presently 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.