Legal & General Group Plc raised its position in shares of Minerals Technologies Inc (NYSE:MTX) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,002 shares of the basic materials company’s stock after acquiring an additional 1,081 shares during the quarter. Legal & General Group Plc’s holdings in Minerals Technologies were worth $1,849,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantamental Technologies LLC bought a new stake in Minerals Technologies during the fourth quarter valued at $87,000. Rowland & Co. Investment Counsel ADV boosted its position in Minerals Technologies by 7.1% during the fourth quarter. Rowland & Co. Investment Counsel ADV now owns 4,015 shares of the basic materials company’s stock valued at $206,000 after acquiring an additional 265 shares during the last quarter. Jane Street Group LLC bought a new stake in Minerals Technologies during the third quarter valued at $211,000. Ramsey Quantitative Systems bought a new stake in Minerals Technologies during the fourth quarter valued at $219,000. Finally, Cigna Investments Inc. New bought a new stake in Minerals Technologies during the fourth quarter valued at $231,000. 95.21% of the stock is currently owned by institutional investors and hedge funds.

MTX has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Friday, February 15th. Gabelli reaffirmed a “buy” rating on shares of Minerals Technologies in a research report on Thursday, March 28th.

MTX stock opened at $63.15 on Friday. The stock has a market cap of $2.23 billion, a PE ratio of 13.05, a P/E/G ratio of 1.44 and a beta of 1.92. The company has a current ratio of 2.29, a quick ratio of 1.67 and a debt-to-equity ratio of 0.66. Minerals Technologies Inc has a 1 year low of $47.07 and a 1 year high of $80.80.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings data on Thursday, January 31st. The basic materials company reported $1.17 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.17. The company had revenue of $447.50 million for the quarter, compared to analysts’ expectations of $452.04 million. Minerals Technologies had a net margin of 9.45% and a return on equity of 12.82%. As a group, sell-side analysts expect that Minerals Technologies Inc will post 5 EPS for the current fiscal year.

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About Minerals Technologies

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.

Further Reading: Special Dividends

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Institutional Ownership by Quarter for Minerals Technologies (NYSE:MTX)

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