Proficio Capital Partners LLC Makes New Investment in Minerals Technologies Inc. (NYSE:MTX)

Proficio Capital Partners LLC purchased a new stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 32,161 shares of the basic materials company's stock, valued at approximately $2,451,000. Proficio Capital Partners LLC owned 0.10% of Minerals Technologies at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTX. Smartleaf Asset Management LLC increased its stake 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 worth $38,000 after purchasing an additional 326 shares in the last quarter. Blue Trust Inc. grew its stake 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 acquiring an additional 178 shares during the period. Venturi Wealth Management LLC purchased a new stake in Minerals Technologies in the 4th quarter worth approximately $78,000. KBC Group NV grew its stake in Minerals Technologies by 43.9% in the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company's stock worth $113,000 after acquiring an additional 451 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Minerals Technologies in the 4th quarter worth approximately $145,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Minerals Technologies Trading Down 3.0 %

Shares of NYSE MTX traded down $2.04 during trading on Friday, hitting $65.13. 1,215,960 shares of the company traded hands, compared to its average volume of 156,091. 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 firm has a market capitalization of $2.08 billion, a P/E ratio of 12.57 and a beta of 1.28. The company has a 50-day moving average price of $71.92 and a 200-day moving average price of $75.37. Minerals Technologies Inc. has a 1 year low of $64.30 and a 1 year high of $90.30.

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Minerals Technologies (NYSE:MTX - Get Free Report) last posted its earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share 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 analysts predict that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.68%. Minerals Technologies's dividend payout ratio (DPR) is presently 8.49%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Truist Financial lowered their price objective on shares of Minerals Technologies from $103.00 to $101.00 and set a "buy" rating for the company in a research note on Monday, February 10th. StockNews.com cut shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday.

Minerals Technologies 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.