Sei Investments Co. Boosts Stock Position in Minerals Technologies Inc. (NYSE:MTX)

Sei Investments Co. grew its holdings in Minerals Technologies Inc. (NYSE:MTX) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,687 shares of the basic materials company’s stock after purchasing an additional 19,952 shares during the period. Sei Investments Co. owned about 0.47% of Minerals Technologies worth $11,408,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. American Century Companies Inc. lifted its holdings in Minerals Technologies by 31.1% during the 4th quarter. American Century Companies Inc. now owns 861,173 shares of the basic materials company’s stock valued at $65,630,000 after buying an additional 204,371 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Minerals Technologies by 42.3% during the fourth quarter. Teacher Retirement System of Texas now owns 47,929 shares of the basic materials company’s stock valued at $3,653,000 after acquiring an additional 14,253 shares in the last quarter. Cibc World Markets Corp purchased a new stake in shares of Minerals Technologies in the fourth quarter valued at approximately $226,000. Brandes Investment Partners LP bought a new position in Minerals Technologies in the fourth quarter worth approximately $3,648,000. Finally, Picton Mahoney Asset Management increased its holdings in Minerals Technologies by 1,347.0% during the 4th quarter. Picton Mahoney Asset Management now owns 7,105 shares of the basic materials company’s stock worth $542,000 after purchasing an additional 6,614 shares during the period. 97.29% of the stock is currently owned by institutional investors.

Minerals Technologies Stock Down 1.7 %

Minerals Technologies stock opened at $63.77 on Friday. 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 firm has a market cap of $2.03 billion, a P/E ratio of 12.31 and a beta of 1.28. The business has a fifty day moving average of $70.90 and a two-hundred day moving average of $75.12. Minerals Technologies Inc. has a twelve month low of $62.80 and a twelve month high of $90.30.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 earnings per share 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%. On average, analysts forecast that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 0.69%. Minerals Technologies’s payout ratio is 8.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MTX shares. Truist Financial dropped their price target on Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, February 10th. StockNews.com downgraded shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th.

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.