Keeley Teton Advisors LLC Buys 2,588 Shares of Minerals Technologies Inc. (NYSE:MTX)

Keeley Teton Advisors LLC increased its position in Minerals Technologies Inc. (NYSE:MTX) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,860 shares of the basic materials company’s stock after purchasing an additional 2,588 shares during the period. Keeley Teton Advisors LLC’s holdings in Minerals Technologies were worth $2,657,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its holdings in Minerals Technologies by 181.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 326 shares in the last quarter. Blue Trust Inc. lifted its stake in Minerals Technologies by 21.4% during the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock valued at $78,000 after acquiring an additional 178 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Minerals Technologies during the 4th quarter worth $78,000. KBC Group NV raised its holdings in shares of Minerals Technologies by 43.9% in the fourth 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 during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Minerals Technologies during the fourth quarter valued at about $145,000. 97.29% of the stock is owned by institutional investors.

Minerals Technologies Trading Up 1.3 %

Minerals Technologies stock opened at $56.99 on Tuesday. The business’s fifty day simple moving average is $66.07 and its two-hundred day simple moving average is $73.71. 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 capitalization of $1.81 billion, a price-to-earnings ratio of 11.00 and a beta of 1.25. Minerals Technologies Inc. has a 12 month low of $52.40 and a 12 month high of $90.30.

Minerals Technologies (NYSE:MTX) last issued its earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. As a group, equities analysts predict that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, February 14th. Minerals Technologies’s payout ratio is currently 8.49%.

Analysts Set New Price Targets

A number of analysts recently issued reports on MTX shares. StockNews.com downgraded shares of Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, April 9th. Truist Financial lowered their price target on shares of Minerals Technologies from $101.00 to $92.00 and set a “buy” rating for the company in a research note on Monday.

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.