53,413 Shares in Minerals Technologies Inc. (NYSE:MTX) Purchased by Dean Investment Associates LLC

Dean Investment Associates LLC purchased a new position in shares of Minerals Technologies Inc. (NYSE:MTX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 53,413 shares of the basic materials company’s stock, valued at approximately $4,071,000. Dean Investment Associates LLC owned about 0.17% of Minerals Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blair William & Co. IL lifted its stake in Minerals Technologies by 3.2% during the fourth quarter. Blair William & Co. IL now owns 5,657 shares of the basic materials company’s stock worth $431,000 after purchasing an additional 177 shares during the last quarter. Blue Trust Inc. lifted its position in Minerals Technologies by 21.4% in the 4th 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 during the last quarter. Savant Capital LLC boosted its stake in Minerals Technologies by 7.4% in the fourth quarter. Savant Capital LLC now owns 3,783 shares of the basic materials company’s stock worth $288,000 after buying an additional 260 shares in the last quarter. QRG Capital Management Inc. raised its stake in shares of Minerals Technologies by 4.5% during the fourth quarter. QRG Capital Management Inc. now owns 6,481 shares of the basic materials company’s stock worth $494,000 after acquiring an additional 280 shares in the last quarter. Finally, Hillsdale Investment Management Inc. lifted its holdings in shares of Minerals Technologies by 0.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 51,980 shares of the basic materials company’s stock worth $3,961,000 after acquiring an additional 300 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Minerals Technologies Stock Down 0.8 %

Shares of NYSE MTX opened at $56.33 on Thursday. The firm’s fifty day moving average is $65.34 and its 200 day moving average is $73.47. Minerals Technologies Inc. has a 52 week low of $52.40 and a 52 week high of $90.30. 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 company has a market cap of $1.79 billion, a price-to-earnings ratio of 10.87 and a beta of 1.25.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. On average, equities research analysts expect that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.

Minerals Technologies Announces Dividend

The firm also recently declared 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 was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.78%. Minerals Technologies’s dividend payout ratio (DPR) is currently 8.49%.

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.