Victory Capital Management Inc. Sells 340,220 Shares of Minerals Technologies Inc. (NYSE:MTX)

Victory Capital Management Inc. lessened its stake in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 24.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,023,537 shares of the basic materials company's stock after selling 340,220 shares during the quarter. Victory Capital Management Inc. owned about 3.21% of Minerals Technologies worth $79,048,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Minerals Technologies by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 3,738,256 shares of the basic materials company's stock worth $281,416,000 after purchasing an additional 25,056 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Minerals Technologies by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,296,727 shares of the basic materials company's stock worth $190,996,000 after acquiring an additional 15,563 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Minerals Technologies by 2.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 528,945 shares of the basic materials company's stock worth $43,987,000 after purchasing an additional 14,909 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Minerals Technologies by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 322,706 shares of the basic materials company's stock valued at $26,836,000 after purchasing an additional 2,715 shares during the period. Finally, Panagora Asset Management Inc. raised its holdings in Minerals Technologies by 13.9% during the 2nd quarter. Panagora Asset Management Inc. now owns 211,382 shares of the basic materials company's stock worth $17,579,000 after buying an additional 25,831 shares during the period. Institutional investors own 97.29% of the company's stock.

Analysts Set New Price Targets

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

Minerals Technologies Stock Up 0.0 %

Shares of Minerals Technologies stock traded up $0.03 during trading on Thursday, hitting $81.72. 141,456 shares of the stock traded hands, compared to its average volume of 161,098. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.72 and a current ratio of 2.46. The stock has a market cap of $2.61 billion, a P/E ratio of 17.39 and a beta of 1.31. The company has a fifty day moving average price of $76.19 and a two-hundred day moving average price of $78.89. Minerals Technologies Inc. has a twelve month low of $60.78 and a twelve month high of $90.29.

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 issued a $0.11 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Minerals Technologies's previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a yield of 0.54%. Minerals Technologies's dividend payout ratio is currently 9.32%.

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.