Paloma Partners Management Co Invests $214,000 in Minerals Technologies Inc. (NYSE:MTX)

Paloma Partners Management Co acquired a new stake in shares of Minerals Technologies Inc. (NYSE:MTX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,773 shares of the basic materials company’s stock, valued at approximately $214,000.

Several other hedge funds also recently modified their holdings of the company. Diversified Trust Co increased its holdings in shares of Minerals Technologies by 4.0% in the third quarter. Diversified Trust Co now owns 10,933 shares of the basic materials company’s stock valued at $844,000 after buying an additional 419 shares in the last quarter. Summit Global Investments boosted its holdings in shares of Minerals Technologies by 2.6% in the second quarter. Summit Global Investments now owns 18,799 shares of the basic materials company’s stock worth $1,563,000 after buying an additional 480 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Minerals Technologies by 3.1% in 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 period. CWM LLC increased its position in shares of Minerals Technologies by 40.6% in the third quarter. CWM LLC now owns 1,870 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 540 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Minerals Technologies in the 2nd quarter valued at approximately $52,000. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Minerals Technologies Stock Down 0.6 %

NYSE:MTX opened at $79.74 on Friday. The business’s fifty day moving average price is $79.11 and its 200 day moving average price is $79.22. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 16.89 and a beta of 1.30. Minerals Technologies Inc. has a 1-year low of $63.01 and a 1-year high of $90.29.

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 paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 0.55%. The ex-dividend date was Thursday, October 31st. This is a positive change from Minerals Technologies’s previous quarterly dividend of $0.10. Minerals Technologies’s dividend payout ratio 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.