Minerals Technologies Inc. $MTX Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in shares of Minerals Technologies Inc. (NYSE:MTX) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,992 shares of the basic materials company’s stock after acquiring an additional 1,166 shares during the quarter. Russell Investments Group Ltd. owned about 0.13% of Minerals Technologies worth $2,542,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTX. QRG Capital Management Inc. boosted its holdings in Minerals Technologies by 7.3% in the 1st quarter. QRG Capital Management Inc. now owns 6,955 shares of the basic materials company’s stock valued at $442,000 after purchasing an additional 474 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Minerals Technologies by 15,381.2% in the 1st quarter. GAMMA Investing LLC now owns 13,159 shares of the basic materials company’s stock valued at $837,000 after purchasing an additional 13,074 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Minerals Technologies by 341.8% in the 1st quarter. SG Americas Securities LLC now owns 8,394 shares of the basic materials company’s stock valued at $534,000 after purchasing an additional 6,494 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Minerals Technologies by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 171,008 shares of the basic materials company’s stock valued at $10,871,000 after purchasing an additional 4,361 shares during the last quarter. Finally, Isthmus Partners LLC acquired a new position in Minerals Technologies in the 1st quarter valued at about $1,279,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Minerals Technologies Stock Performance

Shares of MTX stock opened at $63.8180 on Monday. The firm’s 50 day moving average price is $58.26 and its 200-day moving average price is $60.36. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.35 and a current ratio of 1.95. Minerals Technologies Inc. has a one year low of $49.54 and a one year high of $86.49. The firm has a market cap of $2.00 billion, a P/E ratio of 1,063.81 and a beta of 1.22.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, July 24th. The basic materials company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.43 by $0.12. Minerals Technologies had a net margin of 0.10% and a return on equity of 10.64%. The firm had revenue of $528.90 million for the quarter, compared to analyst estimates of $529.13 million. During the same period in the prior year, the business posted $1.65 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities research analysts predict that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, August 15th. Minerals Technologies’s dividend payout ratio is currently 733.33%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Truist Financial boosted their target price on shares of Minerals Technologies from $80.00 to $84.00 and gave the company a “buy” rating in a report on Monday, July 28th. Wall Street Zen upgraded shares of Minerals Technologies from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $84.00.

Minerals Technologies Company 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.