Thrivent Financial for Lutherans increased its stake in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 42.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,110 shares of the basic materials company's stock after acquiring an additional 19,037 shares during the period. Thrivent Financial for Lutherans owned about 0.20% of Minerals Technologies worth $4,951,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in shares of Minerals Technologies by 78.5% in the third quarter. Assenagon Asset Management S.A. now owns 161,440 shares of the basic materials company's stock worth $12,468,000 after purchasing an additional 71,021 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Minerals Technologies by 95.4% during the second quarter. Acadian Asset Management LLC now owns 83,051 shares of the basic materials company's stock valued at $6,901,000 after buying an additional 40,551 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Minerals Technologies by 42.4% during the second quarter. Cubist Systematic Strategies LLC now owns 108,026 shares of the basic materials company's stock valued at $8,983,000 after purchasing an additional 32,178 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Minerals Technologies by 53.7% during the 2nd quarter. AQR Capital Management LLC now owns 85,355 shares of the basic materials company's stock valued at $7,070,000 after buying an additional 29,818 shares during the period. Finally, Panagora Asset Management Inc. boosted its position in Minerals Technologies by 13.9% in the second quarter. Panagora Asset Management Inc. now owns 211,382 shares of the basic materials company's stock worth $17,579,000 after purchasing an additional 25,831 shares during the last quarter. Institutional investors own 97.29% of the company's stock.
Minerals Technologies Stock Performance
NYSE MTX traded up $0.96 on Friday, reaching $83.39. 122,448 shares of the stock were exchanged, compared to its average volume of 156,721. 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 one year low of $60.78 and a one year high of $90.29. The firm has a market capitalization of $2.66 billion, a PE ratio of 17.67 and a beta of 1.31. The company's 50-day simple moving average is $77.46 and its two-hundred day simple moving average is $79.15.
Minerals Technologies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, October 31st will be given a dividend of $0.11 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.53%. This is a boost from Minerals Technologies's previous quarterly dividend of $0.10. Minerals Technologies's dividend payout ratio (DPR) is currently 9.32%.
Analyst Ratings Changes
Separately, StockNews.com lowered Minerals Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, October 30th.
View Our Latest Report on Minerals Technologies
About Minerals Technologies
(
Free Report)
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.
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![Institutional Ownership by Quarter for Minerals Technologies (NYSE:MTX)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=MTX)
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