33,581 Shares in Minerals Technologies Inc. $MTX Bought by Deutsche Bank AG

Deutsche Bank AG purchased a new position in Minerals Technologies Inc. (NYSE:MTX) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 33,581 shares of the basic materials company’s stock, valued at approximately $2,484,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTX. Global Retirement Partners LLC purchased a new position in shares of Minerals Technologies in the second quarter worth about $30,000. Parallel Advisors LLC boosted its holdings in Minerals Technologies by 36.0% during the 1st quarter. Parallel Advisors LLC now owns 552 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 146 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Minerals Technologies by 626.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 596 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 514 shares during the period. Persistent Asset Partners Ltd bought a new position in Minerals Technologies during the 2nd quarter worth approximately $50,000. Finally, Versant Capital Management Inc grew its position in Minerals Technologies by 87.3% during the 2nd quarter. Versant Capital Management Inc now owns 798 shares of the basic materials company’s stock worth $59,000 after acquiring an additional 372 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

Minerals Technologies Trading Up 0.1%

Shares of MTX opened at $72.11 on Friday. Minerals Technologies Inc. has a 1-year low of $53.94 and a 1-year high of $84.34. The company has a current ratio of 1.43, a quick ratio of 1.00 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $74.10 and its 200-day moving average price is $73.49. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of -33.23 and a beta of 1.14.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.04). Minerals Technologies had a positive return on equity of 10.63% and a negative net margin of 3.13%.The company had revenue of $548.40 million during the quarter, compared to the consensus estimate of $558.77 million. During the same period in the previous year, the company earned $1.55 earnings per share. Minerals Technologies’s quarterly revenue was up 3.7% on a year-over-year basis. Sell-side analysts anticipate that Minerals Technologies Inc. will post 6.03 EPS for the current year.

Minerals Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 14th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. Minerals Technologies’s dividend payout ratio is currently -22.12%.

Analyst Ratings Changes

Several analysts have weighed in on MTX shares. Weiss Ratings downgraded Minerals Technologies from a “hold (c+)” rating to a “sell (d+)” rating in a research report on Monday, August 3rd. Seaport Research Partners restated a “buy” rating on shares of Minerals Technologies in a report on Monday, May 4th. Wall Street Zen downgraded shares of Minerals Technologies from a “strong-buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Truist Financial increased their price target on shares of Minerals Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Minerals Technologies currently has a consensus rating of “Hold” and a consensus target price of $90.00.

About Minerals Technologies

Minerals Technologies Inc develops, produces and processes a broad range of mineral-based products and solutions that serve a variety of industrial applications. Its offerings include bentonite, perlite, precipitated calcium carbonate (PCC), mineral sands, foundry additives, performance minerals and specialty chemicals designed to enhance performance in markets such as paper, steel, construction, oil and gas, environmental remediation and consumer products.

The company operates through several business segments, including Specialty Minerals, Refractory Minerals, Performance Materials and Recycled Materials.