Minerals Technologies Inc. (NYSE:MTX) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. grew its holdings in shares of Minerals Technologies Inc. (NYSE:MTX) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,291 shares of the basic materials company’s stock after buying an additional 3,230 shares during the period. Principal Financial Group Inc. owned 0.50% of Minerals Technologies worth $12,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. SG Americas Securities LLC increased its stake in Minerals Technologies by 79.1% in the first quarter. SG Americas Securities LLC now owns 3,961 shares of the basic materials company’s stock valued at $298,000 after purchasing an additional 1,749 shares during the last quarter. QRG Capital Management Inc. purchased a new position in shares of Minerals Technologies in the 1st quarter valued at $388,000. ProShare Advisors LLC raised its stake in Minerals Technologies by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 6,563 shares of the basic materials company’s stock worth $494,000 after acquiring an additional 452 shares in the last quarter. Vanguard Group Inc. lifted its position in Minerals Technologies by 0.7% in the first quarter. Vanguard Group Inc. now owns 3,738,256 shares of the basic materials company’s stock valued at $281,416,000 after acquiring an additional 25,056 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in Minerals Technologies by 100.1% in the first quarter. Acadian Asset Management LLC now owns 42,500 shares of the basic materials company’s stock valued at $3,197,000 after acquiring an additional 21,259 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Minerals Technologies Price Performance

Shares of NYSE MTX opened at $80.67 on Friday. The stock has a market cap of $2.57 billion, a P/E ratio of 17.10 and a beta of 1.31. Minerals Technologies Inc. has a twelve month low of $60.78 and a twelve month high of $90.29. The stock has a 50 day moving average of $76.53 and a two-hundred day moving average of $78.95. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51.

Minerals Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors 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 yield of 0.55%. This is a boost from Minerals Technologies’s previous quarterly dividend of $0.10. Minerals Technologies’s dividend payout ratio is currently 9.32%.

Analyst Ratings Changes

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

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.