Healthcare of Ontario Pension Plan Trust Fund Acquires 14,200 Shares of Minerals Technologies Inc. (NYSE:MTX)

Healthcare of Ontario Pension Plan Trust Fund raised its position in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 71.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 34,200 shares of the basic materials company's stock after acquiring an additional 14,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.11% of Minerals Technologies worth $2,641,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTX. Lazard Asset Management LLC grew its position in Minerals Technologies by 374.9% in the 1st quarter. Lazard Asset Management LLC now owns 1,838 shares of the basic materials company's stock valued at $138,000 after purchasing an additional 1,451 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Minerals Technologies by 19.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 52,729 shares of the basic materials company's stock valued at $3,970,000 after buying an additional 8,428 shares in the last quarter. Comerica Bank grew its holdings in shares of Minerals Technologies by 12.8% during the first quarter. Comerica Bank now owns 17,209 shares of the basic materials company's stock valued at $1,295,000 after buying an additional 1,954 shares during the last quarter. Boston Partners acquired a new stake in shares of Minerals Technologies in the 1st quarter worth about $1,058,000. Finally, CWM LLC lifted its position in Minerals Technologies by 585.6% in the 2nd quarter. CWM LLC now owns 1,330 shares of the basic materials company's stock valued at $111,000 after acquiring an additional 1,136 shares in the last quarter. Institutional investors own 97.29% of the company's stock.

Minerals Technologies Stock Up 0.5 %

NYSE:MTX traded up $0.44 during trading hours on Friday, hitting $81.57. 79,802 shares of the company traded hands, compared to its average volume of 141,984. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51. The company has a market cap of $2.60 billion, a PE ratio of 17.28 and a beta of 1.31. The firm's 50-day simple moving average is $78.44 and its 200-day simple moving average is $79.23. Minerals Technologies Inc. has a one year low of $61.46 and a one year high of $90.29.

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 issued a dividend of $0.11 per share. The ex-dividend date is Thursday, October 31st. This is a boost from Minerals Technologies's previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 0.54%. Minerals Technologies's payout ratio is 9.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Minerals Technologies from a "buy" rating to a "hold" rating in a report 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.