Minerals Technologies Inc. $MTX Shares Bought by Dean Capital Management

Dean Capital Management grew its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 74.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,842 shares of the basic materials company’s stock after buying an additional 11,447 shares during the quarter. Dean Capital Management’s holdings in Minerals Technologies were worth $1,904,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of MTX. Parallel Advisors LLC boosted its holdings in shares of Minerals Technologies by 36.0% in the first quarter. Parallel Advisors LLC now owns 552 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 146 shares in the last quarter. ProShare Advisors LLC raised its holdings in Minerals Technologies by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 6,139 shares of the basic materials company’s stock worth $374,000 after purchasing an additional 192 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Minerals Technologies by 7.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,878 shares of the basic materials company’s stock worth $175,000 after purchasing an additional 192 shares in the last quarter. Hsbc Holdings PLC lifted its position in Minerals Technologies by 4.5% in the fourth quarter. Hsbc Holdings PLC now owns 4,514 shares of the basic materials company’s stock valued at $276,000 after purchasing an additional 193 shares during the period. Finally, Jain Global LLC lifted its position in Minerals Technologies by 6.4% in the fourth quarter. Jain Global LLC now owns 4,143 shares of the basic materials company’s stock valued at $253,000 after purchasing an additional 248 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Minerals Technologies Stock Down 0.1%

Shares of NYSE MTX opened at $74.49 on Monday. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 14.41 and a beta of 1.15. Minerals Technologies Inc. has a 52 week low of $53.94 and a 52 week high of $84.34. The firm has a 50-day moving average price of $75.77 and a 200 day moving average price of $72.47. The company has a quick ratio of 1.47, a current ratio of 2.13 and a debt-to-equity ratio of 0.54.

Minerals Technologies (NYSE:MTX) last issued its earnings results on Thursday, April 30th. The basic materials company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.12. Minerals Technologies had a net margin of 7.60% and a return on equity of 10.40%. The company had revenue of $546.90 million for the quarter, compared to analyst estimates of $516.39 million. During the same period in the prior year, the business posted $1.14 earnings per share. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts anticipate that Minerals Technologies Inc. will post 6.34 EPS for the current fiscal year.

Minerals Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 14th will be issued a $0.12 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. Minerals Technologies’s dividend payout ratio is currently 9.28%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial lifted their price objective on Minerals Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Monday, May 4th. Weiss Ratings raised Minerals Technologies from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Seaport Research Partners restated a “buy” rating on shares of Minerals Technologies in a research note on Monday, May 4th. Finally, Wall Street Zen raised Minerals Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 4th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $90.00.

Insider Buying and Selling at Minerals Technologies

In related news, VP Timothy Jordan sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $80.27, for a total value of $481,620.00. Following the completion of the transaction, the vice president directly owned 1,279 shares of the company’s stock, valued at $102,665.33. This trade represents a 82.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces and processes a broad range of mineral-based products and solutions that serve a variety of industrial applications. Its offerings include bentonite, perlite, precipitated calcium carbonate (PCC), mineral sands, foundry additives, performance minerals and specialty chemicals designed to enhance performance in markets such as paper, steel, construction, oil and gas, environmental remediation and consumer products.

The company operates through several business segments, including Specialty Minerals, Refractory Minerals, Performance Materials and Recycled Materials.