Hillsdale Investment Management Inc. Buys 300 Shares of Minerals Technologies Inc. (NYSE:MTX)

Hillsdale Investment Management Inc. boosted its position in Minerals Technologies Inc. (NYSE:MTX) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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.’s holdings in Minerals Technologies were worth $3,961,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTX. Smartleaf Asset Management LLC boosted its stake in shares of 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 purchasing an additional 326 shares during the last quarter. Blue Trust Inc. grew its holdings in Minerals Technologies by 21.4% during the 4th 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 bought a new stake in shares of Minerals Technologies during the 4th quarter valued at $78,000. KBC Group NV lifted its stake in shares of 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. Finally, SG Americas Securities LLC bought a new position in shares of Minerals Technologies in the 4th quarter worth $145,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on MTX. StockNews.com downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday. Truist Financial decreased their price objective on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating for the company in a report on Monday, February 10th.

Minerals Technologies Stock Performance

Shares of Minerals Technologies stock opened at $65.13 on Friday. The stock’s fifty day simple moving average is $71.92 and its 200 day simple moving average is $75.38. The company has a current ratio of 2.84, a quick ratio of 1.98 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $2.08 billion, a PE ratio of 12.57 and a beta of 1.28. Minerals Technologies Inc. has a 12 month low of $64.30 and a 12 month high of $90.30.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings data on Thursday, February 6th. The basic materials company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.49% and a net margin of 7.89%. On average, research analysts predict that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Dividend Announcement

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