Y Intercept Hong Kong Ltd Increases Stock Holdings in Minerals Technologies Inc. (NYSE:MTX)

Y Intercept Hong Kong Ltd lifted its stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 74.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,264 shares of the basic materials company's stock after acquiring an additional 7,364 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.05% of Minerals Technologies worth $1,316,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. FMR LLC increased its stake in shares of Minerals Technologies by 64.2% in the third quarter. FMR LLC now owns 1,234,719 shares of the basic materials company's stock worth $95,357,000 after purchasing an additional 482,674 shares during the period. Barclays PLC raised its position in shares of Minerals Technologies by 210.1% during the 3rd quarter. Barclays PLC now owns 111,526 shares of the basic materials company's stock valued at $8,615,000 after acquiring an additional 75,565 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Minerals Technologies in the 3rd quarter valued at $4,049,000. State Street Corp increased its holdings in Minerals Technologies by 2.6% during the 3rd quarter. State Street Corp now owns 1,268,792 shares of the basic materials company's stock worth $97,989,000 after purchasing an additional 32,196 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Minerals Technologies by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 865,343 shares of the basic materials company's stock worth $66,841,000 after purchasing an additional 31,616 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company's stock.

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Minerals Technologies Price Performance

Minerals Technologies stock traded up $0.40 during midday trading on Friday, reaching $68.69. 225,984 shares of the stock were exchanged, compared to its average volume of 176,161. The company's fifty day moving average is $74.32 and its 200-day moving average is $76.20. The firm has a market cap of $2.19 billion, a PE ratio of 13.26 and a beta of 1.30. Minerals Technologies Inc. has a 52 week low of $67.71 and a 52 week high of $90.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted its earnings results on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, topping 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, sell-side analysts forecast that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.64%. Minerals Technologies's payout ratio is currently 8.49%.

Analysts Set New Price Targets

Several brokerages recently issued reports on MTX. Truist Financial cut their target price on shares of Minerals Technologies from $103.00 to $101.00 and set a "buy" rating for the company in a research note on Monday, February 10th. StockNews.com lowered shares of Minerals Technologies from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th.

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.