WINTON GROUP Ltd Takes Position in Minerals Technologies Inc. (NYSE:MTX)

WINTON GROUP Ltd purchased a new position in Minerals Technologies Inc. (NYSE:MTX) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,202 shares of the basic materials company’s stock, valued at approximately $2,073,000. WINTON GROUP Ltd owned approximately 0.09% of Minerals Technologies at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTX. Intech Investment Management LLC acquired a new stake in shares of Minerals Technologies during the 3rd quarter valued at $441,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Minerals Technologies by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 552,510 shares of the basic materials company’s stock worth $42,670,000 after acquiring an additional 7,593 shares in the last quarter. FMR LLC boosted its position in Minerals Technologies by 64.2% during the third quarter. FMR LLC now owns 1,234,719 shares of the basic materials company’s stock valued at $95,357,000 after purchasing an additional 482,674 shares during the last quarter. Quantbot Technologies LP purchased a new position in Minerals Technologies in the third quarter valued at about $656,000. Finally, BNP Paribas Financial Markets increased its position in Minerals Technologies by 11.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 44,060 shares of the basic materials company’s stock worth $3,403,000 after purchasing an additional 4,479 shares during the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Minerals Technologies Price Performance

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

Minerals Technologies (NYSE:MTX) last issued 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%. On average, analysts anticipate that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, February 14th. Minerals Technologies’s payout ratio is 8.49%.

Analysts Set New Price Targets

MTX has been the subject of several research reports. Truist Financial reduced their price target 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 downgraded shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th.

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.