Savant Capital LLC Acquires 260 Shares of Minerals Technologies Inc. (NYSE:MTX)

Savant Capital LLC boosted its holdings in shares of Minerals Technologies Inc. (NYSE:MTX) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,783 shares of the basic materials company’s stock after buying an additional 260 shares during the quarter. Savant Capital LLC’s holdings in Minerals Technologies were worth $288,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Guidance Capital Inc. purchased a new position in shares of Minerals Technologies during the 4th quarter valued at about $462,000. KBC Group NV boosted its position 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 worth $113,000 after purchasing an additional 451 shares during the period. Blue Trust Inc. increased its stake in shares of Minerals Technologies by 21.4% in the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock worth $78,000 after purchasing an additional 178 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Minerals Technologies during the 4th quarter valued at $145,000. Finally, Diversified Trust Co lifted its stake in shares of Minerals Technologies by 7.7% during the 4th quarter. Diversified Trust Co now owns 11,774 shares of the basic materials company’s stock valued at $897,000 after buying an additional 841 shares in the last quarter. 97.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on MTX. StockNews.com upgraded Minerals Technologies from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Truist Financial decreased their target price on Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a research note on Monday, February 10th.

Minerals Technologies Stock Performance

Shares of NYSE MTX opened at $72.14 on Wednesday. The company has a market cap of $2.30 billion, a P/E ratio of 13.93 and a beta of 1.30. 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 quick ratio of 1.72 and a current ratio of 2.46. The firm’s fifty day moving average is $75.76 and its two-hundred day moving average is $76.31.

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 return on equity of 11.61% and a net margin of 7.89%. As a group, analysts anticipate that Minerals Technologies Inc. will post 6.81 EPS for the current fiscal year.

Minerals Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 14th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.61%. Minerals Technologies’s dividend payout ratio is currently 8.49%.

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.