Legato Capital Management LLC Invests $1.73 Million in Minerals Technologies Inc. (NYSE:MTX)

Legato Capital Management LLC bought a new position in Minerals Technologies Inc. (NYSE:MTX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 22,638 shares of the basic materials company's stock, valued at approximately $1,725,000. Legato Capital Management LLC owned about 0.07% of Minerals Technologies at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MTX. Blue Trust Inc. lifted 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 buying an additional 798 shares in the last quarter. KBC Group NV lifted its holdings 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 buying an additional 451 shares in the last quarter. CWM LLC lifted its holdings in Minerals Technologies by 40.6% during the 3rd 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 in the last quarter. SG Americas Securities LLC bought a new stake in Minerals Technologies during the 4th quarter valued at about $145,000. Finally, Paloma Partners Management Co bought a new stake in Minerals Technologies during the 3rd quarter valued at about $214,000. Institutional investors own 97.29% of the company's stock.

Minerals Technologies Stock Down 3.2 %

Shares of NYSE:MTX traded down $2.38 during trading hours on Friday, hitting $71.50. The company's stock had a trading volume of 252,697 shares, compared to its average volume of 134,461. Minerals Technologies Inc. has a 52 week low of $69.43 and a 52 week high of $90.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.46 and a quick ratio of 1.72. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 13.80 and a beta of 1.30. The firm's fifty day moving average price is $76.09 and its 200 day moving average price is $76.41.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted 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%. As a group, research analysts expect that Minerals Technologies Inc. will post 6.81 EPS for the current year.

Minerals Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 14th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, February 14th. Minerals Technologies's payout ratio is currently 8.49%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial decreased their price objective on shares of Minerals Technologies from $103.00 to $101.00 and set a "buy" rating for the company in a report on Monday, February 10th. StockNews.com upgraded shares of Minerals Technologies from a "hold" rating to a "buy" rating in a report on Thursday, February 6th.

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.