Dean Capital Management Has $1.54 Million Stock Position in Minerals Technologies Inc. $MTX

Key Points

• Dean Capital Management reduced its stake in Minerals Technologies Inc. by 32.7%, selling 11,773 shares and holding 24,227 shares valued at $1.54 million after the sale.
• Multiple hedge funds have altered their positions in the company, with QRG Capital Management increasing its holdings by 7.3% and GAMMA Investing LLC boosting its stake by an astonishing 15,381.2%.
• Minerals Technologies recently reported earnings of $1.55 per share, beating analyst expectations, although revenue decreased 2.3% year-over-year, totaling $528.90 million.

Dean Capital Management lessened its holdings in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 32.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,227 shares of the basic materials company's stock after selling 11,773 shares during the quarter. Dean Capital Management owned approximately 0.08% of Minerals Technologies worth $1,540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP raised its position in Minerals Technologies by 105.3% during the first quarter. Quarry LP now owns 1,503 shares of the basic materials company's stock valued at $96,000 after acquiring an additional 771 shares in the last quarter. Quantbot Technologies LP bought a new position in Minerals Technologies during the first quarter valued at approximately $124,000. State of Wyoming raised its position in Minerals Technologies by 11.5% during the first quarter. State of Wyoming now owns 2,684 shares of the basic materials company's stock valued at $171,000 after acquiring an additional 277 shares in the last quarter. PharVision Advisers LLC bought a new position in Minerals Technologies during the fourth quarter valued at approximately $236,000. Finally, EP Wealth Advisors LLC raised its position in Minerals Technologies by 12.1% during the fourth quarter. EP Wealth Advisors LLC now owns 3,907 shares of the basic materials company's stock valued at $298,000 after acquiring an additional 421 shares in the last quarter. Institutional investors own 97.29% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MTX shares. Wall Street Zen lowered shares of Minerals Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Truist Financial lifted their price target on shares of Minerals Technologies from $80.00 to $84.00 and gave the company a "buy" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $84.00.

Minerals Technologies Stock Performance

Shares of NYSE:MTX traded down $1.28 during trading on Friday, reaching $63.72. The stock had a trading volume of 166,711 shares, compared to its average volume of 207,981. The stock has a fifty day simple moving average of $60.87 and a two-hundred day simple moving average of $59.60. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 1,062.11 and a beta of 1.22. The company has a quick ratio of 1.35, a current ratio of 1.95 and a debt-to-equity ratio of 0.57. Minerals Technologies Inc. has a 52 week low of $49.54 and a 52 week high of $86.49.

Minerals Technologies (NYSE:MTX - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The basic materials company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.12. The business had revenue of $528.90 million for the quarter, compared to the consensus estimate of $529.13 million. Minerals Technologies had a net margin of 0.10% and a return on equity of 10.64%. Minerals Technologies's quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $1.65 earnings per share. As a group, analysts anticipate that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 15th were paid a $0.11 dividend. The ex-dividend date was Friday, August 15th. This represents a $0.44 annualized dividend and a dividend yield of 0.7%. Minerals Technologies's dividend payout ratio (DPR) is presently 733.33%.

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.