LPL Financial LLC Has $590,000 Holdings in Minerals Technologies Inc. (NYSE:MTX)

LPL Financial LLC increased its holdings in shares of Minerals Technologies Inc. (NYSE:MTX) by 21.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,742 shares of the basic materials company’s stock after purchasing an additional 1,368 shares during the quarter. LPL Financial LLC’s holdings in Minerals Technologies were worth $590,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of Minerals Technologies by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 166,647 shares of the basic materials company’s stock worth $12,700,000 after buying an additional 4,356 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Minerals Technologies by 9.7% during the third quarter. JPMorgan Chase & Co. now owns 115,887 shares of the basic materials company’s stock worth $8,950,000 after acquiring an additional 10,284 shares in the last quarter. Franklin Resources Inc. boosted its position in Minerals Technologies by 21.1% during the third quarter. Franklin Resources Inc. now owns 47,847 shares of the basic materials company’s stock valued at $3,728,000 after purchasing an additional 8,335 shares during the last quarter. Y Intercept Hong Kong Ltd grew its stake in Minerals Technologies by 74.4% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 17,264 shares of the basic materials company’s stock valued at $1,316,000 after purchasing an additional 7,364 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Minerals Technologies by 13.2% during the 4th quarter. M&T Bank Corp now owns 37,770 shares of the basic materials company’s stock worth $2,878,000 after purchasing an additional 4,402 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Minerals Technologies Price Performance

NYSE:MTX opened at $57.57 on Thursday. Minerals Technologies Inc. has a 12-month low of $52.40 and a 12-month high of $90.30. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 11.11 and a beta of 1.25. The stock’s 50 day moving average price is $63.73 and its two-hundred day moving average price is $72.81. The company has a quick ratio of 1.98, a current ratio of 2.84 and a debt-to-equity ratio of 0.54.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings results 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 year.

Analyst Upgrades and Downgrades

MTX has been the subject of several analyst reports. StockNews.com cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 9th. Truist Financial decreased their price objective on shares of Minerals Technologies from $101.00 to $92.00 and set a “buy” rating for the company in a research report on Monday, April 14th.

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.