New York State Teachers Retirement System Sells 1,500 Shares of Minerals Technologies Inc. (NYSE:MTX)

New York State Teachers Retirement System cut its stake in Minerals Technologies Inc. (NYSE:MTX) by 3.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,220 shares of the basic materials company’s stock after selling 1,500 shares during the period. New York State Teachers Retirement System’s holdings in Minerals Technologies were worth $3,261,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Picton Mahoney Asset Management bought a new position in shares of Minerals Technologies in the second quarter worth about $52,000. Blue Trust Inc. grew its holdings in shares of Minerals Technologies by 2,418.2% in the third quarter. Blue Trust Inc. now owns 831 shares of the basic materials company’s stock worth $69,000 after purchasing an additional 798 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Minerals Technologies in the second quarter worth about $76,000. Quarry LP grew its holdings in shares of Minerals Technologies by 1,857.4% in the second quarter. Quarry LP now owns 920 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 873 shares during the last quarter. Finally, CWM LLC lifted its stake in Minerals Technologies by 585.6% in the second quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock worth $111,000 after acquiring an additional 1,136 shares during the period. 97.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Minerals Technologies Stock Up 9.0 %

NYSE:MTX opened at $84.10 on Thursday. Minerals Technologies Inc. has a 1-year low of $57.61 and a 1-year high of $90.29. The company has a 50-day moving average of $75.55 and a 200 day moving average of $78.55. The firm has a market cap of $2.68 billion, a PE ratio of 17.82 and a beta of 1.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.46 and a quick ratio of 1.72.

Minerals Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, October 31st will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Minerals Technologies’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 0.52%. Minerals Technologies’s dividend payout ratio is 9.32%.

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.