Minerals Technologies Inc. (NYSE:MTX) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,158 shares of the basic materials company’s stock after selling 576 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.13% of Minerals Technologies worth $3,255,000 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. Assenagon Asset Management S.A. increased its position in Minerals Technologies by 78.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 161,440 shares of the basic materials company’s stock worth $12,468,000 after purchasing an additional 71,021 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Minerals Technologies by 10.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 514,036 shares of the basic materials company’s stock worth $38,697,000 after purchasing an additional 48,378 shares in the last quarter. Acadian Asset Management LLC increased its position in Minerals Technologies by 95.4% during the 2nd quarter. Acadian Asset Management LLC now owns 83,051 shares of the basic materials company’s stock worth $6,901,000 after purchasing an additional 40,551 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Minerals Technologies by 42.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 108,026 shares of the basic materials company’s stock worth $8,983,000 after purchasing an additional 32,178 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Minerals Technologies by 53.7% during the 2nd quarter. AQR Capital Management LLC now owns 85,355 shares of the basic materials company’s stock worth $7,070,000 after purchasing an additional 29,818 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday.

Minerals Technologies Stock Up 0.8 %

MTX opened at $76.64 on Thursday. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 26.52 and a beta of 1.30. Minerals Technologies Inc. has a 12 month low of $53.47 and a 12 month high of $90.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.46 and a quick ratio of 1.72. The business has a 50-day moving average of $75.36 and a two-hundred day moving average of $78.33.

Minerals Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st will be paid a $0.11 dividend. This is a positive change from Minerals Technologies’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Thursday, October 31st. Minerals Technologies’s payout ratio is currently 15.22%.

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.