XTX Topco Ltd Buys 749 Shares of Minerals Technologies Inc. (NYSE:MTX)

XTX Topco Ltd raised its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 7.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,444 shares of the basic materials company’s stock after acquiring an additional 749 shares during the period. XTX Topco Ltd’s holdings in Minerals Technologies were worth $869,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Minerals Technologies by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,738,256 shares of the basic materials company’s stock worth $281,416,000 after purchasing an additional 25,056 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Minerals Technologies by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,296,727 shares of the basic materials company’s stock valued at $190,996,000 after buying an additional 15,563 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Minerals Technologies by 2.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 528,945 shares of the basic materials company’s stock worth $43,987,000 after buying an additional 14,909 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Minerals Technologies by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 322,706 shares of the basic materials company’s stock worth $26,836,000 after buying an additional 2,715 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Minerals Technologies by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 273,941 shares of the basic materials company’s stock valued at $19,535,000 after acquiring an additional 22,857 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Insider Transactions at Minerals Technologies

In other Minerals Technologies news, insider Dj Monagle III sold 14,229 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $83.63, for a total transaction of $1,189,971.27. Following the completion of the transaction, the insider now directly owns 79,731 shares in the company, valued at $6,667,903.53. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.50% of the stock is currently owned by insiders.

Minerals Technologies Trading Down 0.9 %

Shares of MTX stock opened at $73.05 on Friday. The stock has a market cap of $2.36 billion, a P/E ratio of 25.28 and a beta of 1.30. Minerals Technologies Inc. has a 1 year low of $48.61 and a 1 year high of $90.29. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $76.31 and a 200 day simple moving average of $77.73.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.05. Minerals Technologies had a return on equity of 11.46% and a net margin of 4.05%. The company had revenue of $541.20 million for the quarter, compared to analysts’ expectations of $561.60 million. During the same quarter last year, the business earned $1.31 earnings per share. Minerals Technologies’s revenue was down 1.9% on a year-over-year basis. On average, research analysts predict that Minerals Technologies Inc. will post 6.22 earnings per share for the current fiscal year.

Minerals Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, August 16th. Minerals Technologies’s payout ratio is presently 13.84%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, September 17th.

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.