Minerals Technologies Inc. (NYSE:MTX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 12.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 245,317 shares of the basic materials company's stock after selling 34,256 shares during the period. Wellington Management Group LLP owned approximately 0.77% of Minerals Technologies worth $18,946,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Minerals Technologies by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,296,727 shares of the basic materials company's stock valued at $190,996,000 after buying an additional 15,563 shares during the period. State Street Corp raised its stake in shares of Minerals Technologies by 2.6% during the third quarter. State Street Corp now owns 1,268,792 shares of the basic materials company's stock valued at $97,989,000 after purchasing an additional 32,196 shares during the period. FMR LLC lifted its position in shares of Minerals Technologies by 64.2% during the third quarter. FMR LLC now owns 1,234,719 shares of the basic materials company's stock worth $95,357,000 after purchasing an additional 482,674 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Minerals Technologies by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 552,510 shares of the basic materials company's stock valued at $42,670,000 after purchasing an additional 7,593 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Minerals Technologies by 2.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 528,945 shares of the basic materials company's stock valued at $43,987,000 after purchasing an additional 14,909 shares in the last quarter. 97.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Minerals Technologies Stock Down 0.5 %

MTX stock traded down $0.37 during midday trading on Friday, hitting $79.11. 129,369 shares of the company's stock were exchanged, compared to its average volume of 158,743. The firm has a 50 day moving average price of $79.45 and a 200-day moving average price of $79.06. Minerals Technologies Inc. has a 12-month low of $64.79 and a 12-month high of $90.29. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 16.76 and a beta of 1.30. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.11 per share. This is a positive change from Minerals Technologies's previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 0.56%. The ex-dividend date was Thursday, October 31st. Minerals Technologies's dividend payout ratio (DPR) is currently 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.