Barclays PLC Has $8.62 Million Position in Minerals Technologies Inc. (NYSE:MTX)

Barclays PLC grew its stake in Minerals Technologies Inc. (NYSE:MTX) by 210.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 111,526 shares of the basic materials company’s stock after buying an additional 75,565 shares during the period. Barclays PLC’s holdings in Minerals Technologies were worth $8,615,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTX. Quantinno Capital Management LP increased its position in Minerals Technologies by 9.6% during the 3rd quarter. Quantinno Capital Management LP now owns 4,178 shares of the basic materials company’s stock valued at $323,000 after purchasing an additional 366 shares during the period. Diversified Trust Co increased its position in shares of Minerals Technologies by 4.0% during the third quarter. Diversified Trust Co now owns 10,933 shares of the basic materials company’s stock worth $844,000 after buying an additional 419 shares during the period. The Manufacturers Life Insurance Company raised its stake in Minerals Technologies by 3.1% during the second quarter. The Manufacturers Life Insurance Company now owns 17,522 shares of the basic materials company’s stock worth $1,457,000 after buying an additional 526 shares during the last quarter. CWM LLC raised its stake in Minerals Technologies by 40.6% during the third quarter. CWM LLC now owns 1,870 shares of the basic materials company’s stock worth $144,000 after buying an additional 540 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in Minerals Technologies during the second quarter valued at $52,000. 97.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Minerals Technologies Price Performance

Minerals Technologies stock opened at $78.85 on Wednesday. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 16.71 and a beta of 1.30. Minerals Technologies Inc. has a 52-week low of $64.79 and a 52-week high of $90.29. 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’s 50 day moving average price is $79.61 and its two-hundred day moving average price is $78.89.

Minerals Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This is an increase from Minerals Technologies’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 0.56%. Minerals Technologies’s dividend payout ratio (DPR) is currently 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.