Cornercap Investment Counsel Inc. Has $631,000 Holdings in Minerals Technologies Inc. (NYSE:MTX)

Cornercap Investment Counsel Inc. trimmed its position in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 54.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,168 shares of the basic materials company's stock after selling 9,655 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Minerals Technologies were worth $631,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Minerals Technologies by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,738,256 shares of the basic materials company's stock valued at $281,416,000 after buying an additional 25,056 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Minerals Technologies by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,296,727 shares of the basic materials company's stock valued at $190,996,000 after purchasing an additional 15,563 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Minerals Technologies by 2.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 528,945 shares of the basic materials company's stock worth $43,987,000 after purchasing an additional 14,909 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Minerals Technologies by 0.8% during the second quarter. Bank of New York Mellon Corp now owns 322,706 shares of the basic materials company's stock worth $26,836,000 after purchasing an additional 2,715 shares during the period. Finally, Panagora Asset Management Inc. grew its position in Minerals Technologies by 13.9% during the second quarter. Panagora Asset Management Inc. now owns 211,382 shares of the basic materials company's stock valued at $17,579,000 after purchasing an additional 25,831 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Minerals Technologies Stock Down 1.3 %

NYSE MTX traded down $1.05 on Friday, reaching $80.67. The stock had a trading volume of 141,396 shares, compared to its average volume of 161,009. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51. Minerals Technologies Inc. has a 1 year low of $60.78 and a 1 year high of $90.29. The business has a 50 day moving average price of $76.53 and a 200 day moving average price of $78.95. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 17.10 and a beta of 1.31.

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 is a boost from Minerals Technologies's previous quarterly dividend of $0.10. The ex-dividend date is Thursday, October 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.55%. Minerals Technologies's payout ratio is presently 9.32%.

Minerals Technologies 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.