Great Lakes Advisors LLC Buys 2,332 Shares of Minerals Technologies Inc. (NYSE:MTX)

Great Lakes Advisors LLC lifted its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,553 shares of the basic materials company’s stock after acquiring an additional 2,332 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.17% of Minerals Technologies worth $4,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in shares of Minerals Technologies by 181.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 326 shares during the last quarter. Blue Trust Inc. raised its position in shares of Minerals Technologies by 21.4% during the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock worth $78,000 after acquiring an additional 178 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Minerals Technologies during the fourth quarter worth about $78,000. KBC Group NV grew its stake in Minerals Technologies by 43.9% during the fourth quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock worth $113,000 after purchasing an additional 451 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Minerals Technologies during the fourth quarter worth approximately $145,000. 97.29% of the stock is currently owned by institutional investors.

Minerals Technologies Trading Up 1.4 %

NYSE MTX opened at $67.47 on Friday. The business has a 50 day simple moving average of $72.53 and a 200 day simple moving average of $75.68. Minerals Technologies Inc. has a one year low of $65.64 and a one year high of $90.29. The stock has a market capitalization of $2.15 billion, a P/E ratio of 13.02 and a beta of 1.28. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98.

Minerals Technologies (NYSE:MTX) last announced its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%. Research analysts expect that Minerals Technologies Inc. will post 6.62 earnings per share for the current year.

Minerals Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 14th were paid a $0.11 dividend. The ex-dividend date was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.65%. Minerals Technologies’s dividend payout ratio (DPR) is presently 8.49%.

Analysts Set New Price Targets

Several equities research analysts recently commented on MTX shares. 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 note on Monday, February 10th. StockNews.com raised Minerals Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday.

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.