State Street Corp Raises Holdings in Minerals Technologies Inc. (NYSE:MTX)

State Street Corp lifted its holdings in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 2.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,268,792 shares of the basic materials company's stock after acquiring an additional 32,196 shares during the period. State Street Corp owned approximately 3.98% of Minerals Technologies worth $97,989,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Panagora Asset Management Inc. boosted its holdings in shares of Minerals Technologies by 13.9% in the 2nd quarter. Panagora Asset Management Inc. now owns 211,382 shares of the basic materials company's stock valued at $17,579,000 after purchasing an additional 25,831 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Minerals Technologies by 42.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 64,110 shares of the basic materials company's stock worth $4,951,000 after buying an additional 19,037 shares during the period. Quest Partners LLC boosted its holdings in Minerals Technologies by 96.9% in the second quarter. Quest Partners LLC now owns 24,937 shares of the basic materials company's stock valued at $2,074,000 after acquiring an additional 12,274 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Minerals Technologies during the second quarter worth $1,563,000. Finally, LSV Asset Management bought a new position in shares of Minerals Technologies in the 2nd quarter worth about $1,422,000. 97.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Minerals Technologies Stock Performance

Minerals Technologies stock traded up $0.67 during midday trading on Monday, reaching $79.78. The stock had a trading volume of 105,734 shares, compared to its average volume of 158,524. Minerals Technologies Inc. has a 12 month low of $64.79 and a 12 month high of $90.29. The firm's 50-day moving average price is $79.45 and its 200 day moving average price is $78.99. 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 firm has a market capitalization of $2.54 billion, a PE ratio of 16.76 and a beta of 1.30.

Minerals Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, October 31st were given a dividend of $0.11 per share. The ex-dividend date was Thursday, October 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.55%. This is an increase from Minerals Technologies's previous quarterly dividend of $0.10. Minerals Technologies's dividend payout ratio (DPR) is 9.32%.

About Minerals Technologies

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.