Minerals Technologies Inc. (NYSE:MTX) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 3.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 865,343 shares of the basic materials company's stock after purchasing an additional 31,616 shares during the quarter. Geode Capital Management LLC owned about 2.71% of Minerals Technologies worth $66,841,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management purchased a new stake in shares of Minerals Technologies in the 2nd quarter valued at about $52,000. Blue Trust Inc. lifted its stake in Minerals Technologies by 2,418.2% in the third quarter. Blue Trust Inc. now owns 831 shares of the basic materials company's stock valued at $69,000 after buying an additional 798 shares during the last quarter. Innealta Capital LLC purchased a new stake in Minerals Technologies in the second quarter valued at approximately $76,000. Quarry LP boosted its holdings in shares of Minerals Technologies by 1,857.4% in the second quarter. Quarry LP now owns 920 shares of the basic materials company's stock valued at $77,000 after acquiring an additional 873 shares during the period. Finally, Wolverine Asset Management LLC grew its position in shares of Minerals Technologies by 128.5% during the second quarter. Wolverine Asset Management LLC now owns 1,705 shares of the basic materials company's stock worth $142,000 after acquiring an additional 7,693 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company's stock.

Minerals Technologies Stock Performance

Shares of NYSE:MTX traded down $0.29 during midday trading on Friday, hitting $75.62. The stock had a trading volume of 806,168 shares, compared to its average volume of 161,126. Minerals Technologies Inc. has a 1 year low of $64.79 and a 1 year high of $90.29. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average price of $79.59 and a two-hundred day moving average price of $78.69. The company has a market capitalization of $2.41 billion, a PE ratio of 16.02 and a beta of 1.30.

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 is a boost from Minerals Technologies's previous quarterly dividend of $0.10. The ex-dividend date was Thursday, October 31st. This represents a $0.44 annualized dividend and a yield of 0.58%. Minerals Technologies's payout ratio is presently 9.32%.

Wall Street Analyst Weigh In

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

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.