Dean Capital Management Makes New Investment in Minerals Technologies Inc. (NYSE:MTX)

Dean Capital Management acquired a new stake in Minerals Technologies Inc. (NYSE:MTX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 36,000 shares of the basic materials company's stock, valued at approximately $2,744,000. Minerals Technologies accounts for about 1.2% of Dean Capital Management's investment portfolio, making the stock its 13th biggest position. Dean Capital Management owned approximately 0.11% of Minerals Technologies as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in Minerals Technologies by 181.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company's stock valued at $38,000 after buying an additional 326 shares in the last quarter. Quarry LP grew its stake in shares of Minerals Technologies by 536.5% in the fourth quarter. Quarry LP now owns 732 shares of the basic materials company's stock valued at $56,000 after acquiring an additional 617 shares in the last quarter. Blue Trust Inc. increased its position in 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 period. Venturi Wealth Management LLC acquired a new stake in Minerals Technologies in the 4th quarter worth about $78,000. Finally, KBC Group NV boosted its holdings in Minerals Technologies by 43.9% in 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 during the period. Institutional investors and hedge funds own 97.29% of the company's stock.

Minerals Technologies Stock Down 1.0 %

MTX stock opened at $52.45 on Wednesday. Minerals Technologies Inc. has a 52 week low of $49.54 and a 52 week high of $90.30. The business has a 50-day simple moving average of $60.57 and a 200 day simple moving average of $71.26. The company has a quick ratio of 1.98, a current ratio of 2.84 and a debt-to-equity ratio of 0.54. The company has a market cap of $1.66 billion, a PE ratio of 10.13 and a beta of 1.22.

Minerals Technologies (NYSE:MTX - Get Free Report) last released its earnings results on Thursday, April 24th. The basic materials company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. The firm had revenue of $491.80 million during the quarter, compared to the consensus estimate of $502.03 million. During the same period in the prior year, the business earned $1.49 earnings per share. Minerals Technologies's quarterly revenue was down 8.0% compared to the same quarter last year. Sell-side analysts anticipate that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Insider Activity at Minerals Technologies

In related news, Director Kristina M. Johnson bought 1,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were purchased at an average price of $53.79 per share, with a total value of $53,790.00. Following the completion of the purchase, the director now owns 1,400 shares in the company, valued at $75,306. This represents a 250.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 3.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MTX has been the topic of several recent research reports. Truist Financial lowered their target price on shares of Minerals Technologies from $92.00 to $80.00 and set a "buy" rating on the stock in a report on Monday, April 28th. StockNews.com lowered Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th.

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.

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