27,202 Shares in Minerals Technologies Inc. (NYSE:MTX) Purchased by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new stake in Minerals Technologies Inc. (NYSE:MTX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 27,202 shares of the basic materials company’s stock, valued at approximately $2,073,000.

Other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in shares of Minerals Technologies by 181.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 326 shares during the last quarter. Blue Trust Inc. boosted its holdings in Minerals Technologies by 21.4% in the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 178 shares during the period. Venturi Wealth Management LLC acquired a new stake in Minerals Technologies in the 4th quarter worth $78,000. KBC Group NV increased its holdings in shares of Minerals Technologies by 43.9% during the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock worth $113,000 after purchasing an additional 451 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Minerals Technologies during the fourth quarter valued at about $145,000. 97.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MTX has been the topic of several research reports. StockNews.com lowered Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, March 19th. Truist Financial cut their target price 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 Price Performance

Shares of Minerals Technologies stock opened at $64.96 on Friday. The firm has a market cap of $2.07 billion, a P/E ratio of 12.54 and a beta of 1.28. The firm’s 50-day simple moving average is $71.15 and its 200-day simple moving average is $75.16. Minerals Technologies Inc. has a twelve month low of $64.30 and a twelve month high of $90.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%. As a group, research analysts expect that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 14th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Friday, February 14th. Minerals Technologies’s dividend payout ratio (DPR) is 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.