Minerals Technologies Inc. (NYSE:MTX) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in Minerals Technologies Inc. (NYSE:MTX) by 3.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,495 shares of the basic materials company’s stock after selling 368 shares during the quarter. Amalgamated Bank’s holdings in Minerals Technologies were worth $733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management purchased a new position in Minerals Technologies in the 2nd quarter valued at approximately $52,000. Blue Trust Inc. increased its holdings in 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 buying an additional 798 shares during the last quarter. Innealta Capital LLC acquired a new position in Minerals Technologies in the second quarter valued at approximately $76,000. Quarry LP boosted its stake in Minerals Technologies by 1,857.4% in the second quarter. Quarry LP now owns 920 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 873 shares during the period. Finally, CWM LLC boosted its position in shares of Minerals Technologies by 585.6% during the second quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock worth $111,000 after buying an additional 1,136 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Wall Street Analyst Weigh In

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

Minerals Technologies Trading Down 1.2 %

Shares of NYSE:MTX opened at $80.72 on Friday. The stock has a market capitalization of $2.57 billion, a PE ratio of 17.21 and a beta of 1.31. Minerals Technologies Inc. has a 1 year low of $60.78 and a 1 year high of $90.29. The firm has a fifty day moving average price of $76.35 and a 200 day moving average price of $78.91. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51.

Minerals Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.55%. This is a boost from Minerals Technologies’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, October 31st. Minerals Technologies’s dividend payout ratio is 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.