Minerals Technologies Inc. (NYSE:MTX) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 1.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 552,510 shares of the basic materials company's stock after acquiring an additional 7,593 shares during the period. Charles Schwab Investment Management Inc. owned about 1.73% of Minerals Technologies worth $42,670,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new position in shares of Minerals Technologies during the 2nd quarter worth about $52,000. Blue Trust Inc. raised its holdings in shares of Minerals Technologies by 2,418.2% during the third quarter. Blue Trust Inc. now owns 831 shares of the basic materials company's stock valued at $69,000 after acquiring an additional 798 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Minerals Technologies during the second quarter valued at approximately $76,000. Quarry LP lifted its position 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 in the last quarter. Finally, CWM LLC boosted its stake in shares of Minerals Technologies by 585.6% in the second quarter. CWM LLC now owns 1,330 shares of the basic materials company's stock worth $111,000 after acquiring an additional 1,136 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Minerals Technologies Price Performance

MTX traded up $1.57 on Monday, reaching $83.14. 163,489 shares of the company's stock were exchanged, compared to its average volume of 159,950. The stock has a market cap of $2.65 billion, a PE ratio of 17.61 and a beta of 1.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.46 and a quick ratio of 1.72. Minerals Technologies Inc. has a twelve month low of $62.49 and a twelve month high of $90.29. The stock's fifty day moving average price is $78.62 and its 200-day moving average price is $79.23.

Minerals Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, October 31st will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.53%. This is a positive change from Minerals Technologies's previous quarterly dividend of $0.10. The ex-dividend date is Thursday, October 31st. Minerals Technologies's dividend payout ratio is presently 9.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Minerals Technologies from a "buy" rating to a "hold" rating in a research note 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.