8,500 Shares in Minerals Technologies Inc. (NYSE:MTX) Acquired by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,500 shares of the basic materials company's stock, valued at approximately $656,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in shares of Minerals Technologies by 19.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 52,729 shares of the basic materials company's stock worth $3,970,000 after acquiring an additional 8,428 shares in the last quarter. Comerica Bank lifted its position in Minerals Technologies by 12.8% during the 1st quarter. Comerica Bank now owns 17,209 shares of the basic materials company's stock worth $1,295,000 after buying an additional 1,954 shares in the last quarter. Boston Partners acquired a new position in shares of Minerals Technologies during the 1st quarter worth about $1,058,000. CWM LLC grew its holdings in shares of 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. Finally, QRG Capital Management Inc. grew its holdings in shares of Minerals Technologies by 36.3% in the 2nd quarter. QRG Capital Management Inc. now owns 7,028 shares of the basic materials company's stock valued at $584,000 after acquiring an additional 1,872 shares in the last quarter. 97.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Minerals Technologies Stock Performance

NYSE MTX traded down $0.28 on Tuesday, hitting $82.86. 44,807 shares of the stock were exchanged, compared to its average volume of 159,443. The company has a market capitalization of $2.64 billion, a PE ratio of 17.61 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.46 and a quick ratio of 1.72. The business's fifty day moving average is $78.62 and its 200 day moving average is $79.23. Minerals Technologies Inc. has a 52 week low of $62.49 and a 52 week high of $90.29.

Minerals Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, October 31st will be paid a $0.11 dividend. This is an increase from Minerals Technologies's previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 0.53%. The ex-dividend date is Thursday, October 31st. Minerals Technologies's dividend payout ratio (DPR) is 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.