Minerals Technologies Inc. (NYSE:MTX) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 54.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 26,734 shares of the basic materials company's stock after selling 31,357 shares during the period. Jane Street Group LLC owned about 0.08% of Minerals Technologies worth $2,065,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. 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 buying an additional 25,831 shares during the period. State Street Corp grew its position in shares of Minerals Technologies by 2.6% during the 3rd quarter. State Street Corp now owns 1,268,792 shares of the basic materials company's stock valued at $97,989,000 after acquiring an additional 32,196 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Minerals Technologies by 42.2% in the 3rd quarter. Thrivent Financial for Lutherans now owns 64,110 shares of the basic materials company's stock valued at $4,951,000 after purchasing an additional 19,037 shares in the last quarter. Quest Partners LLC raised its holdings in Minerals Technologies by 96.9% in the 2nd quarter. Quest Partners LLC now owns 24,937 shares of the basic materials company's stock worth $2,074,000 after purchasing an additional 12,274 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Minerals Technologies in the 2nd quarter worth about $1,563,000. Institutional investors and hedge funds own 97.29% of the company's stock.

Analyst Upgrades and Downgrades

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

Minerals Technologies Price Performance

NYSE:MTX traded up $0.68 during trading hours on Tuesday, reaching $76.73. 50,828 shares of the company were exchanged, compared to its average volume of 160,547. 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 firm has a market cap of $2.45 billion, a PE ratio of 16.26 and a beta of 1.30. Minerals Technologies Inc. has a twelve month low of $64.79 and a twelve month high of $90.29. The stock's 50-day moving average is $79.55 and its 200-day moving average is $78.62.

Minerals Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.11 per share. This is a positive change from Minerals Technologies's previous quarterly dividend of $0.10. The ex-dividend date was Thursday, October 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.57%. Minerals Technologies's dividend payout ratio is presently 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.