Assenagon Asset Management S.A. Sells 145,763 Shares of Minerals Technologies Inc. (NYSE:MTX)

Assenagon Asset Management S.A. trimmed its stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 90.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,677 shares of the basic materials company's stock after selling 145,763 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Minerals Technologies were worth $1,195,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantinno Capital Management LP lifted its stake in shares of Minerals Technologies by 9.6% in the 3rd quarter. Quantinno Capital Management LP now owns 4,178 shares of the basic materials company's stock valued at $323,000 after acquiring an additional 366 shares during the last quarter. Diversified Trust Co boosted its stake in shares of Minerals Technologies by 4.0% during the third quarter. Diversified Trust Co now owns 10,933 shares of the basic materials company's stock valued at $844,000 after purchasing an additional 419 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Minerals Technologies by 3.1% during the second quarter. The Manufacturers Life Insurance Company now owns 17,522 shares of the basic materials company's stock worth $1,457,000 after purchasing an additional 526 shares during the last quarter. CWM LLC raised its holdings in Minerals Technologies by 40.6% in the 3rd quarter. CWM LLC now owns 1,870 shares of the basic materials company's stock valued at $144,000 after buying an additional 540 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Minerals Technologies by 10.5% in the 3rd quarter. Handelsbanken Fonder AB now owns 7,337 shares of the basic materials company's stock valued at $567,000 after buying an additional 700 shares during the last quarter. Institutional investors own 97.29% of the company's stock.

Minerals Technologies Trading Up 0.1 %

MTX traded up $0.11 during midday trading on Friday, hitting $75.84. 165,719 shares of the company were exchanged, compared to its average volume of 147,961. The firm's 50 day moving average price is $77.91 and its 200-day moving average price is $77.41. Minerals Technologies Inc. has a 1-year low of $64.91 and a 1-year high of $90.29. The firm has a market capitalization of $2.42 billion, a P/E ratio of 16.07 and a beta of 1.31. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Friday, February 14th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.58%. The ex-dividend date is Friday, February 14th. 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 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.