Minerals Technologies Inc. (NYSE:MTX) Shares Acquired by Diversified Trust Co

Diversified Trust Co grew its stake in Minerals Technologies Inc. (NYSE:MTX) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,774 shares of the basic materials company’s stock after purchasing an additional 841 shares during the period. Diversified Trust Co’s holdings in Minerals Technologies were worth $897,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MTX. Blue Trust Inc. increased its holdings in shares of Minerals Technologies by 2,418.2% in the third quarter. Blue Trust Inc. now owns 831 shares of the basic materials company’s stock valued at $69,000 after purchasing an additional 798 shares during the period. Quarry LP grew its holdings in Minerals Technologies by 1,857.4% during the second quarter. Quarry LP now owns 920 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 873 shares during the period. CWM LLC grew its holdings 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 acquiring an additional 540 shares during the period. Paloma Partners Management Co acquired a new position in Minerals Technologies during the third quarter worth $214,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Minerals Technologies during the second quarter worth $223,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

Minerals Technologies Trading Down 0.6 %

Shares of MTX stock opened at $73.29 on Friday. The business’s fifty day moving average price is $79.01 and its 200 day moving average price is $77.93. Minerals Technologies Inc. has a 1-year low of $64.79 and a 1-year high of $90.29. The firm has a market capitalization of $2.34 billion, a PE ratio of 15.53 and a beta of 1.31. 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 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 issued a $0.11 dividend. This is a positive change from Minerals Technologies’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, October 31st. This represents a $0.44 annualized dividend and a yield of 0.60%. Minerals Technologies’s dividend payout ratio is 9.32%.

Wall Street Analysts Forecast Growth

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

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.