WINTON GROUP Ltd Invests $2.07 Million in Minerals Technologies Inc. (NYSE:MTX)

WINTON GROUP Ltd acquired a new stake in Minerals Technologies Inc. (NYSE:MTX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 27,202 shares of the basic materials company's stock, valued at approximately $2,073,000. WINTON GROUP Ltd owned about 0.09% of Minerals Technologies as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MTX. Smartleaf Asset Management LLC raised its stake in Minerals Technologies by 181.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 326 shares during the period. Blue Trust Inc. raised its position in shares of Minerals Technologies by 21.4% in the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company's stock valued at $78,000 after purchasing an additional 178 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Minerals Technologies during the 4th quarter worth about $78,000. KBC Group NV boosted its holdings in shares of Minerals Technologies by 43.9% during 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 period. Finally, SG Americas Securities LLC acquired a new position in Minerals Technologies in the 4th quarter valued at about $145,000. 97.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Minerals Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday. Truist Financial dropped their price target on Minerals Technologies from $103.00 to $101.00 and set a "buy" rating for the company in a report on Monday, February 10th.

Minerals Technologies Stock Performance

Shares of Minerals Technologies stock traded down $1.28 during trading on Tuesday, reaching $62.29. The company's stock had a trading volume of 146,185 shares, compared to its average volume of 167,924. The company has a quick ratio of 1.98, a current ratio of 2.84 and a debt-to-equity ratio of 0.54. The business's 50-day moving average price is $70.36 and its 200-day moving average price is $75.02. Minerals Technologies Inc. has a 52 week low of $61.60 and a 52 week high of $90.30. The firm has a market cap of $1.99 billion, a PE ratio of 12.03 and a beta of 1.28.

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 (EPS) for the quarter, beating 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%. Equities analysts forecast that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.

Minerals Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, February 14th. Minerals Technologies's payout ratio is currently 8.49%.

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.