Y Intercept Hong Kong Ltd Buys 1,875 Shares of Minerals Technologies Inc. (NYSE:MTX)

Y Intercept Hong Kong Ltd lifted its position in Minerals Technologies Inc. (NYSE:MTX) by 23.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,900 shares of the basic materials company’s stock after buying an additional 1,875 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Minerals Technologies were worth $765,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Panagora Asset Management Inc. grew 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 worth $17,579,000 after buying an additional 25,831 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Minerals Technologies by 42.2% during the third quarter. Thrivent Financial for Lutherans now owns 64,110 shares of the basic materials company’s stock worth $4,951,000 after purchasing an additional 19,037 shares in the last quarter. Quest Partners LLC increased its position in shares of Minerals Technologies by 96.9% in the second quarter. Quest Partners LLC now owns 24,937 shares of the basic materials company’s stock worth $2,074,000 after purchasing an additional 12,274 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Minerals Technologies in the second quarter valued at approximately $1,563,000. Finally, LSV Asset Management bought a new stake in Minerals Technologies during the second quarter valued at approximately $1,422,000. Institutional investors own 97.29% of the company’s stock.

Analysts Set New Price Targets

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 Trading Down 0.4 %

Shares of MTX stock opened at $79.13 on Friday. The business has a 50-day moving average price of $79.39 and a two-hundred day moving average price of $79.11. Minerals Technologies Inc. has a 12-month low of $64.79 and a 12-month high of $90.29. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.52 billion, a P/E ratio of 16.76 and a beta of 1.30.

Minerals Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.44 annualized dividend and a yield of 0.56%. 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.