Inspire Advisors LLC Buys Shares of 2,720 Minerals Technologies Inc. (NYSE:MTX)

Inspire Advisors LLC bought a new stake in Minerals Technologies Inc. (NYSE:MTX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,720 shares of the basic materials company’s stock, valued at approximately $207,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of 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 purchasing an additional 178 shares during the period. Savant Capital LLC lifted its holdings 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 period. QRG Capital Management Inc. lifted its holdings in shares of Minerals Technologies by 4.5% during the fourth quarter. QRG Capital Management Inc. now owns 6,481 shares of the basic materials company’s stock worth $494,000 after purchasing an additional 280 shares during the period. Smartleaf Asset Management LLC lifted its holdings 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 worth $38,000 after purchasing an additional 326 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in Minerals Technologies by 9.6% in the third 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. Institutional investors and hedge funds own 97.29% of the company’s stock.

Minerals Technologies Trading Down 0.2 %

MTX opened at $67.01 on Thursday. Minerals Technologies Inc. has a 1-year low of $66.19 and a 1-year high of $90.29. 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 cap of $2.14 billion, a P/E ratio of 12.94 and a beta of 1.28. The company has a fifty day moving average price of $72.86 and a two-hundred day moving average price of $75.81.

Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, February 6th. The basic materials company reported $1.50 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%. Analysts predict that Minerals Technologies Inc. will post 6.62 EPS for the current fiscal year.

Minerals Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend was Friday, February 14th. Minerals Technologies’s payout ratio is presently 8.49%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial dropped their target price on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, February 10th. StockNews.com upgraded shares of Minerals Technologies from a “hold” rating to a “buy” rating in a report on Tuesday.

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.