Minerals Technologies Inc. (NYSE:MTX) Holdings Decreased by Barclays PLC

Barclays PLC reduced its holdings in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,737 shares of the basic materials company's stock after selling 24,789 shares during the quarter. Barclays PLC owned 0.27% of Minerals Technologies worth $6,610,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MTX. FMR LLC boosted its stake in Minerals Technologies by 42.7% during the 4th quarter. FMR LLC now owns 1,761,925 shares of the basic materials company's stock valued at $134,276,000 after acquiring an additional 527,206 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Minerals Technologies by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 873,123 shares of the basic materials company's stock valued at $66,554,000 after purchasing an additional 7,780 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Minerals Technologies by 31.1% during the fourth quarter. American Century Companies Inc. now owns 861,173 shares of the basic materials company's stock worth $65,630,000 after purchasing an additional 204,371 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Minerals Technologies by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 555,157 shares of the basic materials company's stock worth $42,309,000 after purchasing an additional 2,647 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Minerals Technologies by 1.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 511,205 shares of the basic materials company's stock valued at $38,330,000 after buying an additional 7,488 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

Minerals Technologies Stock Performance

Shares of NYSE:MTX traded down $2.07 during trading on Monday, reaching $50.91. 437,350 shares of the company's stock traded hands, compared to its average volume of 175,896. The stock has a market capitalization of $1.62 billion, a P/E ratio of 9.83 and a beta of 1.25. Minerals Technologies Inc. has a 12 month low of $50.60 and a 12 month high of $90.30. The company has a 50 day moving average of $63.09 and a 200-day moving average of $72.50. 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 - Get Free Report) last posted its earnings results on Thursday, April 24th. The basic materials company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). The company had revenue of $491.80 million for the quarter, compared to the consensus estimate of $502.03 million. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. The firm's revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the company posted $1.49 earnings per share. On average, equities analysts expect that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on MTX shares. StockNews.com lowered Minerals Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Truist Financial decreased their price objective on shares of Minerals Technologies from $92.00 to $80.00 and set a "buy" rating for the company in a report on Monday.

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.