Dimensional Fund Advisors LP Sells 35,126 Shares of Minerals Technologies Inc. (NYSE:MTX)

Dimensional Fund Advisors LP cut its stake in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,229,337 shares of the basic materials company's stock after selling 35,126 shares during the period. Dimensional Fund Advisors LP owned 6.99% of Minerals Technologies worth $169,898,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MTX. Dean Investment Associates LLC purchased a new position in Minerals Technologies during the fourth quarter valued at $4,071,000. Keeley Teton Advisors LLC grew its stake in shares of Minerals Technologies by 8.0% in the 4th quarter. Keeley Teton Advisors LLC now owns 34,860 shares of the basic materials company's stock worth $2,657,000 after buying an additional 2,588 shares during the last quarter. Sterling Capital Management LLC raised its stake in Minerals Technologies by 32.9% during the fourth quarter. Sterling Capital Management LLC now owns 3,589 shares of the basic materials company's stock valued at $274,000 after buying an additional 888 shares during the last quarter. LSV Asset Management grew its stake in shares of Minerals Technologies by 112.3% in the fourth quarter. LSV Asset Management now owns 36,300 shares of the basic materials company's stock worth $2,766,000 after acquiring an additional 19,200 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Minerals Technologies by 36.8% during the fourth quarter. Invesco Ltd. now owns 256,211 shares of the basic materials company's stock valued at $19,526,000 after acquiring an additional 68,873 shares in the last quarter. Institutional investors own 97.29% of the company's stock.

Minerals Technologies Stock Performance

NYSE MTX traded down $2.00 during trading hours on Monday, hitting $50.99. The company's stock had a trading volume of 303,667 shares, compared to its average volume of 200,724. 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 company has a market cap of $1.62 billion, a P/E ratio of 9.82 and a beta of 1.25. The company's 50 day simple moving average is $63.09 and its two-hundred day simple moving average is $72.50. Minerals Technologies Inc. has a 12 month low of $50.59 and a 12 month high of $90.29.

Minerals Technologies (NYSE:MTX - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The basic materials company reported $1.14 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.02). Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. The company had revenue of $491.80 million for the quarter, compared to the consensus estimate of $502.03 million. During the same quarter last year, the company earned $1.49 EPS. The firm's revenue for the quarter was down 8.0% on a year-over-year basis. As a group, sell-side analysts expect that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MTX shares. Truist Financial decreased their target price on shares of Minerals Technologies from $92.00 to $80.00 and set a "buy" rating for the company in a report on Monday. StockNews.com downgraded Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th.

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.