Foundry Partners LLC Buys New Stake in Minerals Technologies Inc. (NYSE:MTX)

Foundry 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 101,492 shares of the basic materials company's stock, valued at approximately $7,735,000. Foundry Partners LLC owned about 0.32% of Minerals Technologies at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Kesler Norman & Wride LLC grew its position in Minerals Technologies by 57.0% in the fourth quarter. Kesler Norman & Wride LLC now owns 9,254 shares of the basic materials company's stock worth $705,000 after acquiring an additional 3,359 shares in the last quarter. Trexquant Investment LP increased its position in shares of Minerals Technologies by 23.6% during the 4th quarter. Trexquant Investment LP now owns 43,555 shares of the basic materials company's stock valued at $3,319,000 after purchasing an additional 8,312 shares during the last quarter. Geode Capital Management LLC lifted its position in Minerals Technologies by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 873,123 shares of the basic materials company's stock worth $66,554,000 after buying an additional 7,780 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Minerals Technologies by 5.1% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,021 shares of the basic materials company's stock valued at $611,000 after acquiring an additional 389 shares during the period. Finally, Pictet Asset Management Holding SA raised its position in Minerals Technologies by 25.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 4,862 shares of the basic materials company's stock worth $371,000 after purchasing an additional 995 shares during the period. Hedge funds and other institutional investors own 97.29% of the company's stock.

Minerals Technologies Trading Up 0.6 %

Shares of Minerals Technologies stock traded up $0.31 on Wednesday, hitting $53.91. 53,862 shares of the company traded hands, compared to its average volume of 169,532. The company has a current ratio of 2.84, a quick ratio of 1.98 and a debt-to-equity ratio of 0.54. The company has a market cap of $1.72 billion, a PE ratio of 10.34 and a beta of 1.25. The stock's 50 day moving average price is $67.98 and its 200-day moving average price is $74.33. Minerals Technologies Inc. has a 52 week low of $51.72 and a 52 week high of $90.30.

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

Minerals Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were issued a $0.11 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.82%. Minerals Technologies's dividend payout ratio is currently 8.49%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MTX shares. StockNews.com downgraded Minerals Technologies from a "buy" rating to a "hold" rating in a report on Wednesday. Truist Financial decreased their target price on Minerals Technologies from $103.00 to $101.00 and set a "buy" rating for the company in a research report on Monday, February 10th.

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.