Algert Global LLC Has $3.44 Million Holdings in Minerals Technologies Inc. (NYSE:MTX)

Algert Global LLC boosted its position in Minerals Technologies Inc. (NYSE:MTX) by 8.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,512 shares of the basic materials company’s stock after buying an additional 3,556 shares during the period. Algert Global LLC owned approximately 0.14% of Minerals Technologies worth $3,438,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MTX. Assenagon Asset Management S.A. increased its holdings in Minerals Technologies by 78.5% in the third quarter. Assenagon Asset Management S.A. now owns 161,440 shares of the basic materials company’s stock worth $12,468,000 after purchasing an additional 71,021 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of Minerals Technologies by 95.4% in 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 in the last quarter. Cubist Systematic Strategies LLC lifted its position 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 period. AQR Capital Management LLC boosted its stake in Minerals Technologies by 53.7% during 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 in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in Minerals Technologies by 13.9% in the second quarter. Panagora Asset Management Inc. now owns 211,382 shares of the basic materials company’s stock worth $17,579,000 after purchasing an additional 25,831 shares during the period. Institutional investors own 97.29% of the company’s stock.

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 Trading Up 1.5 %

NYSE MTX opened at $84.65 on Tuesday. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51. Minerals Technologies Inc. has a 52 week low of $60.78 and a 52 week high of $90.29. The business has a 50 day moving average price of $77.70 and a 200-day moving average price of $79.18. The company has a market cap of $2.70 billion, a price-to-earnings ratio of 17.93 and a beta of 1.31.

Minerals Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.11 per share. This is an increase from Minerals Technologies’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, October 31st. This represents a $0.44 annualized dividend and a yield of 0.52%. Minerals Technologies’s dividend payout ratio is presently 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.