Mutual of America Capital Management LLC Sells 462 Shares of Minerals Technologies Inc. (NYSE:MTX)

Mutual of America Capital Management LLC cut its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 8.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,839 shares of the basic materials company’s stock after selling 462 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Minerals Technologies were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversified Trust Co raised its holdings in Minerals Technologies by 4.0% in 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 last quarter. Summit Global Investments boosted its stake in Minerals Technologies by 2.6% during the 2nd quarter. Summit Global Investments now owns 18,799 shares of the basic materials company’s stock valued at $1,563,000 after purchasing an additional 480 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Minerals Technologies by 3.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,522 shares of the basic materials company’s stock valued at $1,457,000 after acquiring an additional 526 shares during the period. CWM LLC grew its position in Minerals Technologies by 40.6% in the 3rd quarter. CWM LLC now owns 1,870 shares of the basic materials company’s stock worth $144,000 after purchasing an additional 540 shares during the period. Finally, Picton Mahoney Asset Management purchased a new stake in Minerals Technologies during the 2nd quarter valued at $52,000. 97.29% of the stock is owned by hedge funds and other institutional investors.

Minerals Technologies Price Performance

MTX stock opened at $81.15 on Thursday. Minerals Technologies Inc. has a 52 week low of $60.92 and a 52 week high of $90.29. The firm has a market capitalization of $2.59 billion, a P/E ratio of 17.19 and a beta of 1.31. The company has a fifty day simple moving average of $78.12 and a two-hundred day simple moving average of $79.22. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51.

Minerals Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st will be paid a $0.11 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.44 annualized dividend and a dividend yield of 0.54%. This is an increase from Minerals Technologies’s previous quarterly dividend of $0.10. Minerals Technologies’s dividend payout ratio is currently 9.32%.

Analysts Set New Price Targets

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

Minerals Technologies 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.