Barclays PLC Buys 75,565 Shares of Minerals Technologies Inc. (NYSE:MTX)

Barclays PLC raised its holdings in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 210.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,526 shares of the basic materials company's stock after buying an additional 75,565 shares during the period. Barclays PLC owned about 0.35% of Minerals Technologies worth $8,615,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Y Intercept Hong Kong Ltd raised its position in shares of Minerals Technologies by 23.4% in the third quarter. Y Intercept Hong Kong Ltd now owns 9,900 shares of the basic materials company's stock valued at $765,000 after purchasing an additional 1,875 shares during the period. EP Wealth Advisors LLC acquired a new stake in Minerals Technologies during the third quarter worth approximately $269,000. State Street Corp lifted its position in Minerals Technologies by 2.6% during the third quarter. State Street Corp now owns 1,268,792 shares of the basic materials company's stock worth $97,989,000 after acquiring an additional 32,196 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of Minerals Technologies during the third quarter worth approximately $366,000. Finally, Quantinno Capital Management LP grew its position in shares of Minerals Technologies by 9.6% in the third quarter. Quantinno Capital Management LP now owns 4,178 shares of the basic materials company's stock valued at $323,000 after purchasing an additional 366 shares during the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Minerals Technologies Stock Performance

Shares of MTX stock traded down $3.37 on Wednesday, hitting $75.45. The company's stock had a trading volume of 178,286 shares, compared to its average volume of 158,569. Minerals Technologies Inc. has a fifty-two week low of $64.79 and a fifty-two week high of $90.29. The company has a market capitalization of $2.41 billion, a PE ratio of 15.99 and a beta of 1.30. The stock's 50 day moving average is $79.61 and its 200-day moving average is $78.89. 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 announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Thursday, October 31st. This is a positive change from Minerals Technologies's previous quarterly dividend of $0.10. Minerals Technologies's dividend payout ratio is presently 9.32%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th.

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.