Dean Investment Associates LLC Buys New Position in Minerals Technologies Inc. (NYSE:MTX)

Dean Investment Associates LLC purchased a new stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) in the 4th quarter, according to the company in its most recent disclosure 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Minerals Technologies by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 166,647 shares of the basic materials company's stock worth $12,700,000 after buying an additional 4,356 shares during the period. JPMorgan Chase & Co. boosted its holdings in Minerals Technologies by 9.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 115,887 shares of the basic materials company's stock valued at $8,950,000 after purchasing an additional 10,284 shares during the period. Franklin Resources Inc. grew its position in shares of Minerals Technologies by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 47,847 shares of the basic materials company's stock worth $3,728,000 after purchasing an additional 8,335 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in shares of Minerals Technologies by 74.4% during the fourth quarter. Y Intercept Hong Kong Ltd now owns 17,264 shares of the basic materials company's stock worth $1,316,000 after purchasing an additional 7,364 shares during the period. Finally, M&T Bank Corp boosted its stake in shares of Minerals Technologies by 13.2% in the fourth quarter. M&T Bank Corp now owns 37,770 shares of the basic materials company's stock valued at $2,878,000 after buying an additional 4,402 shares during the period. 97.29% of the stock is owned by institutional investors.

Minerals Technologies Price Performance

NYSE:MTX traded up $0.96 during mid-day trading on Tuesday, reaching $56.94. The stock had a trading volume of 55,141 shares, compared to its average volume of 171,986. Minerals Technologies Inc. has a 12 month low of $52.40 and a 12 month high of $90.30. The stock has a market capitalization of $1.81 billion, a PE ratio of 10.99 and a beta of 1.25. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98. The stock has a 50-day simple moving average of $64.34 and a two-hundred day simple moving average of $73.03.

Minerals Technologies (NYSE:MTX - Get Free Report) last released its quarterly earnings data 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 return on equity of 11.49% and a net margin of 7.89%. On average, equities 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 issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Friday, February 14th. Minerals Technologies's dividend payout ratio (DPR) is 8.49%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MTX. Truist Financial dropped their price objective on Minerals Technologies from $101.00 to $92.00 and set a "buy" rating for the company in a report on Monday, April 14th. StockNews.com cut shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th.

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.