Dean Investment Associates LLC Takes $4.07 Million Position in Minerals Technologies Inc. (NYSE:MTX)

Dean Investment Associates LLC bought a new stake in shares of Minerals Technologies Inc. (NYSE:MTX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 53,413 shares of the basic materials company’s stock, valued at approximately $4,071,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC grew its position in shares of Minerals Technologies by 181.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 326 shares during the period. Blue Trust Inc. increased its position in Minerals Technologies by 21.4% in the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock worth $78,000 after buying an additional 178 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of Minerals Technologies in the fourth quarter worth about $78,000. KBC Group NV lifted its position in shares of Minerals Technologies by 43.9% during the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock valued at $113,000 after buying an additional 451 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Minerals Technologies during the 4th quarter valued at approximately $145,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MTX shares. StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 9th. Truist Financial cut their target price on Minerals Technologies from $101.00 to $92.00 and set a “buy” rating on the stock in a research report on Monday.

Minerals Technologies Price Performance

MTX stock opened at $56.33 on Thursday. The stock has a market cap of $1.79 billion, a PE ratio of 10.87 and a beta of 1.25. Minerals Technologies Inc. has a 12 month low of $52.40 and a 12 month high of $90.30. The company has a 50-day moving average price of $65.34 and a 200 day moving average price of $73.47. The company has a current ratio of 2.84, a quick ratio of 1.98 and a debt-to-equity ratio of 0.54.

Minerals Technologies (NYSE:MTX) last released its earnings results on Thursday, February 6th. The basic materials company reported $1.50 EPS 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%. Equities research analysts anticipate that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.

Minerals Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were paid a $0.11 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.44 annualized dividend and a yield of 0.78%. Minerals Technologies’s dividend payout ratio (DPR) is currently 8.49%.

Minerals Technologies Company 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.