Chartwell Investment Partners LLC Has $11.51 Million Position in Minerals Technologies Inc. (NYSE:MTX)

Chartwell Investment Partners LLC decreased its position in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 9.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,030 shares of the basic materials company's stock after selling 15,230 shares during the period. Chartwell Investment Partners LLC owned 0.47% of Minerals Technologies worth $11,509,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Texas Permanent School Fund Corp lifted its position in shares of Minerals Technologies by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 28,482 shares of the basic materials company's stock worth $2,144,000 after purchasing an additional 368 shares in the last quarter. Diversified Trust Co boosted its holdings in Minerals Technologies by 4.0% in the 3rd 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 during the period. ProShare Advisors LLC raised its position in shares of Minerals Technologies by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 6,563 shares of the basic materials company's stock valued at $494,000 after buying an additional 452 shares in the last quarter. Summit Global Investments lifted its stake in Minerals Technologies by 2.6% during the second quarter. Summit Global Investments now owns 18,799 shares of the basic materials company's stock worth $1,563,000 after purchasing an additional 480 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in 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 acquiring an additional 526 shares in the last quarter. Institutional investors own 97.29% of the company's stock.

Analysts Set New Price Targets

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

Minerals Technologies Trading Up 1.4 %

NYSE MTX traded up $1.14 during trading on Monday, hitting $83.63. The stock had a trading volume of 45,649 shares, compared to its average volume of 160,816. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 17.52 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 Inc. has a one year low of $58.70 and a one year high of $90.29. The stock has a 50 day simple moving average of $75.78 and a 200 day simple moving average of $78.74.

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 given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost 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 0.53%. Minerals Technologies's payout ratio 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.