Connor Clark & Lunn Investment Management Ltd. Has $1.51 Million Stake in Minerals Technologies Inc. (NYSE:MTX)

Connor Clark & Lunn Investment Management Ltd. decreased its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 6.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 19,589 shares of the basic materials company’s stock after selling 1,248 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Minerals Technologies were worth $1,513,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Minerals Technologies by 0.7% during 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 period. CANADA LIFE ASSURANCE Co increased its position in shares of Minerals Technologies by 4.3% during the first quarter. CANADA LIFE ASSURANCE Co now owns 45,547 shares of the basic materials company’s stock valued at $3,431,000 after purchasing an additional 1,858 shares during the period. Lazard Asset Management LLC raised its stake in shares of Minerals Technologies by 374.9% in the first quarter. Lazard Asset Management LLC now owns 1,838 shares of the basic materials company’s stock valued at $138,000 after purchasing an additional 1,451 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Minerals Technologies by 19.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 52,729 shares of the basic materials company’s stock valued at $3,970,000 after purchasing an additional 8,428 shares in the last quarter. Finally, Comerica Bank lifted its position in Minerals Technologies by 12.8% in the first quarter. Comerica Bank now owns 17,209 shares of the basic materials company’s stock worth $1,295,000 after purchasing an additional 1,954 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

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

Minerals Technologies Stock Down 1.7 %

Shares of MTX opened at $83.20 on Wednesday. Minerals Technologies Inc. has a 12 month low of $60.78 and a 12 month high of $90.29. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 17.63 and a beta of 1.31. The company has a 50-day moving average price of $77.93 and a two-hundred day moving average price of $79.20. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51.

Minerals Technologies Increases Dividend

The business 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 $0.11 dividend. This is a positive change 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 payout ratio is currently 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.