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

XTX Topco Ltd lifted its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 7.7% during the 2nd quarter, HoldingsChannel reports. 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 reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Parallel Advisors LLC grew its stake in shares of Minerals Technologies by 97.9% during the fourth quarter. Parallel Advisors LLC now owns 556 shares of the basic materials company’s stock worth $40,000 after buying an additional 275 shares during the last quarter. Picton Mahoney Asset Management acquired a new stake in shares of Minerals Technologies during the 2nd quarter valued at $52,000. Innealta Capital LLC bought a new stake in Minerals Technologies during the 2nd quarter worth $76,000. Fidelis Capital Partners LLC acquired a new position in Minerals Technologies in the 1st quarter worth about $77,000. Finally, CWM LLC raised its position in Minerals Technologies by 585.6% in the second quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 1,136 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Minerals Technologies

In other Minerals Technologies news, insider Dj Monagle III sold 14,229 shares of the firm’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 owns 79,731 shares in the company, valued at approximately $6,667,903.53. The transaction 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 company insiders.

Minerals Technologies Price Performance

Shares of NYSE:MTX opened at $73.05 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.72 and a current ratio of 2.46. Minerals Technologies Inc. has a 52 week low of $48.61 and a 52 week high of $90.29. The firm has a market cap of $2.36 billion, a PE ratio of 25.28 and a beta of 1.30. The firm’s fifty day moving average is $76.31 and its 200-day moving average is $77.73.

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

Minerals Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Friday, August 16th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Friday, August 16th. Minerals Technologies’s dividend payout ratio is currently 13.84%.

Analyst Ratings Changes

Separately, StockNews.com cut Minerals Technologies from a “buy” rating to a “hold” rating in a 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.