UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 4,349 Shares of Minerals Technologies Inc. (NYSE:MTX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of Minerals Technologies Inc. (NYSE:MTX) by 4.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 85,861 shares of the basic materials company’s stock after selling 4,349 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.27% of Minerals Technologies worth $6,631,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Picton Mahoney Asset Management bought a new stake in shares of Minerals Technologies during the 2nd quarter valued at about $52,000. Blue Trust Inc. raised its stake 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 worth $69,000 after purchasing an additional 798 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Minerals Technologies in the second quarter worth approximately $76,000. Quarry LP raised its stake in shares of Minerals Technologies by 1,857.4% in the second quarter. Quarry LP now owns 920 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 873 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Minerals Technologies by 585.6% in the second quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock worth $111,000 after purchasing an additional 1,136 shares during the last quarter. Institutional investors and hedge funds own 97.29% of the company’s stock.

Minerals Technologies Stock Performance

Shares of MTX opened at $79.38 on Wednesday. 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 company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 16.82 and a beta of 1.30. The stock has a 50 day moving average of $79.23 and a 200 day moving average of $79.10. Minerals Technologies Inc. has a 12 month low of $63.01 and a 12 month high of $90.29.

Minerals Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, October 31st were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.55%. This is an increase from Minerals Technologies’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, October 31st. Minerals Technologies’s dividend payout ratio (DPR) is presently 9.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a research note 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.