Dimensional Fund Advisors LP Trims Holdings in Minerals Technologies Inc. (NYSE:MTX)

Dimensional Fund Advisors LP trimmed its holdings in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,229,337 shares of the basic materials company's stock after selling 35,126 shares during the period. Dimensional Fund Advisors LP owned approximately 6.99% of Minerals Technologies worth $169,898,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted 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 valued at $38,000 after buying an additional 326 shares during the last quarter. Blue Trust Inc. grew 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 acquiring an additional 178 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Minerals Technologies during the fourth quarter valued at approximately $78,000. KBC Group NV lifted its position 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 valued at $113,000 after purchasing an additional 451 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in Minerals Technologies in the fourth quarter worth approximately $145,000. Hedge funds and other institutional investors own 97.29% of the company's stock.

Minerals Technologies Stock Performance

Shares of MTX traded down $0.10 on Tuesday, reaching $50.83. The company's stock had a trading volume of 79,520 shares, compared to its average volume of 175,550. The stock's 50 day simple moving average is $62.69 and its two-hundred day simple moving average is $72.32. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.84 and a quick ratio of 1.98. The stock has a market capitalization of $1.62 billion, a P/E ratio of 9.84 and a beta of 1.25. Minerals Technologies Inc. has a 12-month low of $50.57 and a 12-month high of $90.30.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. StockNews.com lowered shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Truist Financial lowered their target price on Minerals Technologies from $92.00 to $80.00 and set a "buy" rating on the stock in a report on Monday.

About Minerals Technologies

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.