Algert Global LLC Raises Position in Minerals Technologies Inc. (NYSE:MTX)

Algert Global LLC lifted its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 8.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 44,512 shares of the basic materials company’s stock after buying an additional 3,556 shares during the period. Algert Global LLC’s holdings in Minerals Technologies were worth $3,438,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Picton Mahoney Asset Management bought a new stake in shares of Minerals Technologies in the 2nd quarter worth $52,000. Blue Trust Inc. grew its position 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 in the last quarter. Innealta Capital LLC purchased a new stake in Minerals Technologies in the 2nd quarter valued at about $76,000. Quarry LP lifted its position in shares of 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 buying an additional 873 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Minerals Technologies by 585.6% in the 2nd quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock worth $111,000 after buying an additional 1,136 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Minerals Technologies Price Performance

Shares of NYSE:MTX opened at $84.65 on Tuesday. The company has a market capitalization of $2.70 billion, a P/E ratio of 17.93 and a beta of 1.31. The company’s 50-day moving average is $77.70 and its 200 day moving average is $79.18. 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 Inc. has a fifty-two week low of $60.78 and a fifty-two week high of $90.29.

Minerals Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.11 per share. This is an increase from Minerals Technologies’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Thursday, October 31st. Minerals Technologies’s dividend payout ratio is currently 9.32%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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.