Minerals Technologies Inc. (NYSE:MTX) Stock Position Boosted by Bridgewater Associates LP

Bridgewater Associates LP grew its stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 61.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,938 shares of the basic materials company's stock after acquiring an additional 13,630 shares during the quarter. Bridgewater Associates LP owned about 0.11% of Minerals Technologies worth $2,775,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. FMR LLC raised its stake in shares of Minerals Technologies by 64.2% in the 3rd quarter. FMR LLC now owns 1,234,719 shares of the basic materials company's stock valued at $95,357,000 after acquiring an additional 482,674 shares during the period. Assenagon Asset Management S.A. raised its position in Minerals Technologies by 78.5% in the third quarter. Assenagon Asset Management S.A. now owns 161,440 shares of the basic materials company's stock valued at $12,468,000 after purchasing an additional 71,021 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Minerals Technologies by 95.4% during the second quarter. Acadian Asset Management LLC now owns 83,051 shares of the basic materials company's stock worth $6,901,000 after purchasing an additional 40,551 shares in the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of Minerals Technologies by 42.4% in the second quarter. Cubist Systematic Strategies LLC now owns 108,026 shares of the basic materials company's stock worth $8,983,000 after buying an additional 32,178 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Minerals Technologies by 53.7% in the second quarter. AQR Capital Management LLC now owns 85,355 shares of the basic materials company's stock valued at $7,070,000 after buying an additional 29,818 shares in the last quarter. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Minerals Technologies Stock Up 0.5 %

Minerals Technologies stock traded up $0.44 during midday trading on Friday, hitting $81.57. 79,802 shares of the stock were exchanged, compared to its average volume of 141,984. Minerals Technologies Inc. has a 1 year low of $61.46 and a 1 year high of $90.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.46 and a quick ratio of 1.72. The firm has a market cap of $2.60 billion, a P/E ratio of 17.28 and a beta of 1.31. The company has a 50 day moving average price of $78.44 and a two-hundred day moving average price of $79.23.

Minerals Technologies Increases Dividend

The company 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 represents a $0.44 dividend on an annualized basis and a yield of 0.54%. This is an increase from Minerals Technologies's previous quarterly dividend of $0.10. The ex-dividend date is Thursday, October 31st. Minerals Technologies's dividend payout ratio (DPR) is 9.32%.

Analysts Set New Price Targets

Separately, StockNews.com lowered 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.