Minerals Technologies Inc. (NYSE:MTX) Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in Minerals Technologies Inc. (NYSE:MTX) by 74.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,264 shares of the basic materials company’s stock after purchasing an additional 7,364 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Minerals Technologies were worth $1,316,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MTX. Blue Trust Inc. raised its position in shares of Minerals Technologies by 2,418.2% in the 3rd quarter. Blue Trust Inc. now owns 831 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 798 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Minerals Technologies by 2.0% in the 3rd quarter. Principal Financial Group Inc. now owns 162,291 shares of the basic materials company’s stock valued at $12,534,000 after acquiring an additional 3,230 shares during the last quarter. MQS Management LLC bought a new stake in shares of Minerals Technologies in the 3rd quarter valued at approximately $343,000. Chesapeake Capital Corp IL increased its holdings in shares of Minerals Technologies by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 6,653 shares of the basic materials company’s stock valued at $504,000 after acquiring an additional 1,451 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Minerals Technologies by 42.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 64,110 shares of the basic materials company’s stock valued at $4,951,000 after acquiring an additional 19,037 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTX has been the subject of a number of research analyst reports. StockNews.com downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a report on Tuesday. Truist Financial lowered their price objective 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 MTX opened at $69.49 on Thursday. The company has a market cap of $2.22 billion, a P/E ratio of 13.42 and a beta of 1.30. The stock has a fifty day moving average price of $74.61 and a 200 day moving average price of $76.25. 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 Inc. has a 12 month low of $69.35 and a 12 month high of $90.29.

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

Minerals Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders 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 dividend yield of 0.63%. Minerals Technologies’s payout ratio is 8.49%.

About Minerals Technologies

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.