Quest Partners LLC Decreases Stock Position in Minerals Technologies Inc. (NYSE:MTX)

Quest Partners LLC cut its holdings in Minerals Technologies Inc. (NYSE:MTX) by 12.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,922 shares of the basic materials company’s stock after selling 3,015 shares during the quarter. Quest Partners LLC owned 0.07% of Minerals Technologies worth $1,693,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Assenagon Asset Management S.A. lifted its holdings in shares of Minerals Technologies by 78.5% during the third quarter. Assenagon Asset Management S.A. now owns 161,440 shares of the basic materials company’s stock valued at $12,468,000 after purchasing an additional 71,021 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Minerals Technologies by 95.4% during the 2nd quarter. Acadian Asset Management LLC now owns 83,051 shares of the basic materials company’s stock valued at $6,901,000 after acquiring an additional 40,551 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Minerals Technologies by 42.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 108,026 shares of the basic materials company’s stock valued at $8,983,000 after acquiring an additional 32,178 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Minerals Technologies by 53.7% in the second quarter. AQR Capital Management LLC now owns 85,355 shares of the basic materials company’s stock worth $7,070,000 after acquiring an additional 29,818 shares during the period. Finally, Panagora Asset Management Inc. lifted its position in Minerals Technologies by 13.9% during the second 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 during the period. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Minerals Technologies Stock Down 0.4 %

MTX stock opened at $80.32 on Tuesday. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 17.19 and a beta of 1.31. 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 business’s 50-day moving average is $76.53 and its two-hundred day moving average is $79.03. Minerals Technologies Inc. has a fifty-two week low of $60.78 and a fifty-two week high of $90.29.

Minerals Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.55%. 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. Minerals Technologies’s dividend payout ratio 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.