8,500 Shares in Minerals Technologies Inc. (NYSE:MTX) Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in shares of Minerals Technologies Inc. (NYSE:MTX) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 8,500 shares of the basic materials company’s stock, valued at approximately $656,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTX. Picton Mahoney Asset Management purchased a new position in shares of Minerals Technologies during the 2nd quarter worth approximately $52,000. Blue Trust Inc. grew its holdings in Minerals Technologies by 2,418.2% during the 3rd quarter. Blue Trust Inc. now owns 831 shares of the basic materials company’s stock valued at $69,000 after buying an additional 798 shares during the last quarter. Innealta Capital LLC purchased a new position in Minerals Technologies during the second quarter worth $76,000. Quarry LP raised 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 acquiring an additional 873 shares during the last quarter. Finally, CWM LLC lifted its position in shares of Minerals Technologies by 585.6% in the second quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock valued at $111,000 after acquiring an additional 1,136 shares in the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Analyst Upgrades and Downgrades

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

Minerals Technologies Stock Performance

Shares of MTX opened at $83.14 on Tuesday. Minerals Technologies Inc. has a 1 year low of $62.49 and a 1 year high of $90.29. The company’s 50 day simple moving average is $78.62 and its 200 day simple moving average is $79.23. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 17.61 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.11 per share. This is a boost 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 dividend yield of 0.53%. Minerals Technologies’s dividend payout ratio (DPR) is 9.32%.

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.