Victory Capital Management Inc. Has $79.05 Million Holdings in Minerals Technologies Inc. (NYSE:MTX)

Victory Capital Management Inc. reduced its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 24.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 3.21% of Minerals Technologies worth $79,048,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Minerals Technologies by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 3,738,256 shares of the basic materials company’s stock valued at $281,416,000 after purchasing an additional 25,056 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 valued at $190,996,000 after buying an additional 15,563 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Minerals Technologies by 2.9% in 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 buying an additional 14,909 shares during the period. Bank of New York Mellon Corp increased its holdings in 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 buying an additional 2,715 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings in 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 buying an additional 25,831 shares during the period. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Minerals Technologies Trading Up 1.1 %

Shares of Minerals Technologies stock opened at $81.69 on Thursday. The company’s fifty day moving average price is $76.03 and its two-hundred day moving average price is $78.87. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.46 and a quick ratio of 1.72. Minerals Technologies Inc. has a 52-week low of $60.78 and a 52-week high of $90.29. The firm has a market capitalization of $2.61 billion, a PE ratio of 17.45 and a beta of 1.31.

Minerals Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st will be issued a $0.11 dividend. This is a positive change from Minerals Technologies’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.54%. Minerals Technologies’s dividend payout ratio is presently 9.32%.

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 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.