Russell Investments Group Ltd. Sells 13,390 Shares of Minerals Technologies Inc. (NYSE:MTX)

Russell Investments Group Ltd. cut its position in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,826 shares of the basic materials company's stock after selling 13,390 shares during the period. Russell Investments Group Ltd. owned about 0.12% of Minerals Technologies worth $2,959,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MTX. Principal Financial Group Inc. boosted its position 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 in the last quarter. JPMorgan Chase & Co. grew its position in Minerals Technologies by 9.7% in the third quarter. JPMorgan Chase & Co. now owns 115,887 shares of the basic materials company's stock valued at $8,950,000 after acquiring an additional 10,284 shares during the period. Franklin Resources Inc. raised its stake 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 worth $3,728,000 after acquiring an additional 8,335 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Minerals Technologies by 74.4% during 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 acquiring an additional 7,364 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Minerals Technologies by 13.2% in the 4th quarter. M&T Bank Corp now owns 37,770 shares of the basic materials company's stock valued at $2,878,000 after purchasing an additional 4,402 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Minerals Technologies Price Performance

Minerals Technologies stock traded up $0.84 on Wednesday, reaching $58.07. The company's stock had a trading volume of 16,342 shares, compared to its average volume of 192,882. The business's fifty day moving average price is $64.01 and its 200 day moving average price is $72.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 11.21 and a beta of 1.25. Minerals Technologies Inc. has a twelve month low of $52.40 and a twelve month high of $90.29.

Minerals Technologies (NYSE:MTX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (EPS) 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%. Equities analysts expect that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

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.