Geode Capital Management LLC Has $66.84 Million Stock Position in Minerals Technologies Inc. (NYSE:MTX)

Geode Capital Management LLC boosted its holdings in shares of Minerals Technologies Inc. (NYSE:MTX) by 3.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 865,343 shares of the basic materials company’s stock after buying an additional 31,616 shares during the quarter. Geode Capital Management LLC owned approximately 2.71% of Minerals Technologies worth $66,841,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Panagora Asset Management Inc. boosted its stake in shares of Minerals Technologies by 13.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 211,382 shares of the basic materials company’s stock worth $17,579,000 after acquiring an additional 25,831 shares during the period. State Street Corp increased its holdings in shares of Minerals Technologies by 2.6% in the third quarter. State Street Corp now owns 1,268,792 shares of the basic materials company’s stock valued at $97,989,000 after purchasing an additional 32,196 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Minerals Technologies by 42.2% in the third quarter. Thrivent Financial for Lutherans now owns 64,110 shares of the basic materials company’s stock valued at $4,951,000 after purchasing an additional 19,037 shares during the period. Quest Partners LLC lifted its stake in shares of Minerals Technologies by 96.9% during the 2nd quarter. Quest Partners LLC now owns 24,937 shares of the basic materials company’s stock worth $2,074,000 after buying an additional 12,274 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Minerals Technologies during the 2nd quarter worth about $1,563,000. Institutional investors own 97.29% of the company’s stock.

Minerals Technologies Stock Performance

NYSE:MTX opened at $75.62 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51. The stock has a 50 day simple moving average of $79.59 and a 200 day simple moving average of $78.74. Minerals Technologies Inc. has a 1-year low of $64.79 and a 1-year high of $90.29. The stock has a market cap of $2.41 billion, a P/E ratio of 16.02 and a beta of 1.30.

Minerals Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Thursday, October 31st. This is a boost from Minerals Technologies’s previous quarterly dividend of $0.10. Minerals Technologies’s payout ratio is presently 9.32%.

Wall Street Analysts Forecast Growth

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

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.