Allspring Global Investments Holdings LLC Has $38.33 Million Stock Position in Minerals Technologies Inc. (NYSE:MTX)

Allspring Global Investments Holdings LLC increased its holdings in Minerals Technologies Inc. (NYSE:MTX) by 1.5% during the fourth quarter, HoldingsChannel reports. The fund owned 511,205 shares of the basic materials company’s stock after acquiring an additional 7,488 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Minerals Technologies were worth $38,330,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MTX. Savant Capital LLC increased its holdings in Minerals Technologies by 7.4% during the 4th quarter. Savant Capital LLC now owns 3,783 shares of the basic materials company’s stock worth $288,000 after purchasing an additional 260 shares in the last quarter. Guidance Capital Inc. bought a new stake in Minerals Technologies during the fourth quarter worth $462,000. KBC Group NV raised its position in Minerals Technologies by 43.9% in the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock valued at $113,000 after buying an additional 451 shares during the last quarter. Blue Trust Inc. boosted its holdings in Minerals Technologies by 21.4% during the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 178 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Minerals Technologies in the 4th quarter worth $145,000. Institutional investors own 97.29% of the company’s stock.

Minerals Technologies Trading Down 3.2 %

NYSE MTX opened at $71.50 on Friday. The business’s fifty day moving average is $76.09 and its 200-day moving average is $76.41. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.46 and a quick ratio of 1.72. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 13.80 and a beta of 1.30. Minerals Technologies Inc. has a one year low of $69.43 and a one year high of $90.29.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 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 11.61%. Equities research analysts predict that Minerals Technologies Inc. will post 6.81 EPS for the current year.

Minerals Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 14th will be paid a $0.11 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.44 annualized dividend and a yield of 0.62%. Minerals Technologies’s payout ratio is 8.49%.

Analyst Ratings Changes

MTX has been the topic of a number of recent analyst reports. Truist Financial dropped their price target on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. StockNews.com upgraded Minerals Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th.

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.