6,086 Shares in Minerals Technologies Inc. (NYSE:MTX) Bought by Guidance Capital Inc.

Guidance Capital Inc. purchased a new position in Minerals Technologies Inc. (NYSE:MTX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,086 shares of the basic materials company's stock, valued at approximately $462,000.

A number of other hedge funds have also bought and sold shares of MTX. Blue Trust Inc. boosted its holdings in Minerals Technologies by 2,418.2% during the 3rd quarter. Blue Trust Inc. now owns 831 shares of the basic materials company's stock valued at $69,000 after acquiring an additional 798 shares during the period. KBC Group NV raised its position in Minerals Technologies by 43.9% during the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company's stock valued at $113,000 after purchasing an additional 451 shares in the last quarter. CWM LLC increased its stake in shares of Minerals Technologies by 40.6% during the third quarter. CWM LLC now owns 1,870 shares of the basic materials company's stock valued at $144,000 after buying an additional 540 shares during the period. SG Americas Securities LLC bought a new stake in shares of Minerals Technologies in the fourth quarter valued at about $145,000. Finally, Paloma Partners Management Co purchased a new stake in Minerals Technologies in the third quarter worth about $214,000. Institutional investors own 97.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MTX shares. Truist Financial began coverage on shares of Minerals Technologies in a report on Tuesday, January 28th. They issued a "buy" rating and a $103.00 price target for the company. StockNews.com raised shares of Minerals Technologies from a "hold" rating to a "buy" rating in a research note on Thursday.

Minerals Technologies Stock Down 3.0 %

Shares of NYSE MTX traded down $2.28 during mid-day trading on Friday, reaching $73.92. 222,598 shares of the company were exchanged, compared to its average volume of 134,461. The firm has a 50-day moving average of $76.79 and a 200 day moving average of $76.69. Minerals Technologies Inc. has a 1 year low of $67.92 and a 1 year high of $90.29. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 14.27 and a beta of 1.30.

Minerals Technologies (NYSE:MTX - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The basic materials company reported $1.50 EPS 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 11.61%. On average, research analysts expect that Minerals Technologies Inc. will post 6.81 earnings per share for the current year.

Minerals Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.11 per share. The ex-dividend date is Friday, February 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.60%. Minerals Technologies's dividend payout ratio (DPR) is currently 8.49%.

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.