Hillsdale Investment Management Inc. Boosts Stock Position in Minerals Technologies Inc. (NYSE:MTX)

Hillsdale Investment Management Inc. raised its holdings in Minerals Technologies Inc. (NYSE:MTX) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 51,980 shares of the basic materials company’s stock after acquiring an additional 300 shares during the period. Hillsdale Investment Management Inc. owned 0.16% of Minerals Technologies worth $3,961,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MTX. Blue Trust Inc. lifted 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 valued at $78,000 after buying an additional 178 shares in the last quarter. Savant Capital LLC lifted its position in shares of Minerals Technologies by 7.4% during the fourth quarter. Savant Capital LLC now owns 3,783 shares of the basic materials company’s stock worth $288,000 after purchasing an additional 260 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Minerals Technologies by 4.5% during the 4th quarter. QRG Capital Management Inc. now owns 6,481 shares of the basic materials company’s stock worth $494,000 after buying an additional 280 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Minerals Technologies by 181.1% in the fourth 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 during the period. Finally, Quantinno Capital Management LP boosted its holdings in shares of Minerals Technologies by 9.6% in the 3rd quarter. Quantinno Capital Management LP now owns 4,178 shares of the basic materials company’s stock valued at $323,000 after buying an additional 366 shares during the period. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Minerals Technologies Stock Down 3.0 %

MTX opened at $65.13 on Friday. 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 company has a market capitalization of $2.08 billion, a PE ratio of 12.57 and a beta of 1.28. The business has a 50-day moving average of $71.92 and a 200-day moving average of $75.38. Minerals Technologies Inc. has a fifty-two week low of $64.30 and a fifty-two week high of $90.30.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data 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%. Equities research analysts forecast that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.68%. Minerals Technologies’s payout ratio is currently 8.49%.

Wall Street Analyst Weigh In

MTX has been the subject of several recent analyst reports. StockNews.com cut shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday. Truist Financial decreased their price target on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a research report on Monday, February 10th.

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.