Minerals Technologies Inc. (NYSE:MTX) Holdings Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Minerals Technologies Inc. (NYSE:MTX) by 1.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 552,510 shares of the basic materials company’s stock after purchasing an additional 7,593 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Minerals Technologies were worth $42,670,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Picton Mahoney Asset Management acquired a new position in shares of Minerals Technologies in the second quarter worth about $52,000. Blue Trust Inc. boosted its stake in Minerals Technologies by 2,418.2% in the 3rd 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 period. Innealta Capital LLC acquired a new position in Minerals Technologies in the 2nd quarter worth approximately $76,000. Quarry LP grew its position in Minerals Technologies by 1,857.4% during the 2nd quarter. Quarry LP now owns 920 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 873 shares in the last quarter. Finally, CWM LLC raised its stake in Minerals Technologies by 585.6% during the 2nd quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 1,136 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Minerals Technologies Stock Performance

MTX stock opened at $81.57 on Monday. The firm has a 50 day simple moving average of $78.44 and a 200 day simple moving average of $79.22. Minerals Technologies Inc. has a 52 week low of $61.46 and a 52 week high of $90.29. The stock has a market cap of $2.60 billion, a P/E ratio of 17.28 and a beta of 1.31. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.72 and a current ratio of 2.46.

Minerals Technologies Increases Dividend

The business 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. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.54%. This is a positive change from Minerals Technologies’s previous quarterly dividend of $0.10. Minerals Technologies’s dividend payout ratio (DPR) is 9.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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.