Invesco Ltd. Has $19.53 Million Holdings in Minerals Technologies Inc. (NYSE:MTX)

Invesco Ltd. increased its stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 36.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,211 shares of the basic materials company's stock after purchasing an additional 68,873 shares during the quarter. Invesco Ltd. owned approximately 0.80% of Minerals Technologies worth $19,526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased 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 valued at $12,700,000 after acquiring an additional 4,356 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Minerals Technologies by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 115,887 shares of the basic materials company's stock worth $8,950,000 after buying an additional 10,284 shares during the last quarter. Franklin Resources Inc. grew 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 acquiring an additional 8,335 shares during the period. Y Intercept Hong Kong Ltd raised its holdings 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 buying an additional 7,364 shares during the period. Finally, M&T Bank Corp boosted its position in 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 period. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Truist Financial lowered their price objective on Minerals Technologies from $101.00 to $92.00 and set a "buy" rating for the company in a research note on Monday, April 14th.

Minerals Technologies Stock Performance

Minerals Technologies stock traded up $0.16 during mid-day trading on Wednesday, hitting $57.39. 92,064 shares of the company's stock traded hands, compared to its average volume of 172,392. Minerals Technologies Inc. has a one year low of $52.40 and a one year high of $90.30. The company has a market cap of $1.83 billion, a PE ratio of 11.10 and a beta of 1.25. The firm has a 50 day moving average price of $64.01 and a 200 day moving average price of $72.92. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. On average, equities analysts forecast that Minerals Technologies Inc. will post 6.62 EPS for the current year.

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.