Intech Investment Management LLC Invests $441,000 in Minerals Technologies Inc. (NYSE:MTX)

Intech Investment Management LLC acquired a new stake in shares of Minerals Technologies Inc. (NYSE:MTX) during the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 5,705 shares of the basic materials company’s stock, valued at approximately $441,000.

Other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new position in shares of Minerals Technologies during the second quarter worth $52,000. Blue Trust Inc. grew its position in shares of Minerals Technologies by 2,418.2% during the 3rd quarter. Blue Trust Inc. now owns 831 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 798 shares during the period. Innealta Capital LLC purchased a new stake in shares of Minerals Technologies in the second quarter valued at approximately $76,000. Quarry LP lifted its holdings in Minerals Technologies by 1,857.4% during the second quarter. Quarry LP now owns 920 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 873 shares in the last quarter. Finally, CWM LLC boosted its holdings in Minerals Technologies by 585.6% in the 2nd quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock worth $111,000 after buying an additional 1,136 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Minerals Technologies Price Performance

Shares of MTX stock opened at $83.14 on Tuesday. The firm’s 50-day moving average is $78.62 and its two-hundred day moving average is $79.23. Minerals Technologies Inc. has a 12 month low of $62.49 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 company has a market capitalization of $2.65 billion, a PE ratio of 17.61 and a beta of 1.31.

Minerals Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.11 per share. This is a boost from Minerals Technologies’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.44 annualized dividend and a yield of 0.53%. Minerals Technologies’s dividend payout ratio (DPR) is 9.32%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th.

Minerals Technologies Company 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.