Picton Mahoney Asset Management Boosts Stake in Minerals Technologies Inc. (NYSE:MTX)

Picton Mahoney Asset Management grew its holdings in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 1,347.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,105 shares of the basic materials company's stock after acquiring an additional 6,614 shares during the period. Picton Mahoney Asset Management's holdings in Minerals Technologies were worth $542,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its stake in shares of Minerals Technologies by 181.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company's stock valued at $38,000 after buying an additional 326 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Minerals Technologies by 21.4% in the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company's stock worth $78,000 after buying an additional 178 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Minerals Technologies in the 4th quarter worth about $78,000. KBC Group NV increased its holdings in shares of Minerals Technologies by 43.9% in the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company's stock worth $113,000 after buying an additional 451 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Minerals Technologies in the 4th quarter worth about $145,000. 97.29% of the stock is currently owned by institutional investors.

Minerals Technologies Stock Performance

Minerals Technologies stock traded down $0.94 during mid-day trading on Thursday, reaching $67.07. 172,414 shares of the company traded hands, compared to its average volume of 151,997. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 12.95 and a beta of 1.28. Minerals Technologies Inc. has a fifty-two week low of $65.64 and a fifty-two week high of $90.30. The firm's fifty day moving average is $72.19 and its two-hundred day moving average is $75.52. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98.

Remove Ads

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

Minerals Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.44 annualized dividend and a yield of 0.66%. Minerals Technologies's dividend payout ratio is presently 8.49%.

Wall Street Analyst Weigh In

MTX has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday. Truist Financial lowered their price target on shares of Minerals Technologies from $103.00 to $101.00 and set a "buy" rating for the company in a research report on Monday, February 10th.

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.