Everence Capital Management Inc. Lowers Stock Holdings in Minerals Technologies Inc. (NYSE:MTX)

Everence Capital Management Inc. cut its holdings in Minerals Technologies Inc. (NYSE:MTX) by 23.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,730 shares of the basic materials company’s stock after selling 850 shares during the quarter. Everence Capital Management Inc.’s holdings in Minerals Technologies were worth $208,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. increased its holdings in Minerals Technologies by 2,418.2% in the 3rd quarter. Blue Trust Inc. now owns 831 shares of the basic materials company’s stock worth $69,000 after acquiring an additional 798 shares in the last quarter. Quarry LP increased its stake in shares of 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 purchasing an additional 873 shares in the last quarter. CWM LLC raised its position in shares of Minerals Technologies by 40.6% during 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 last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in Minerals Technologies in the 2nd quarter valued at about $223,000. Finally, Paloma Partners Management Co acquired a new stake in Minerals Technologies in the 3rd quarter worth about $214,000. 97.29% of the stock is owned by institutional investors and hedge funds.

Minerals Technologies Price Performance

Minerals Technologies stock opened at $73.29 on Thursday. The company has a fifty day simple moving average of $79.05 and a 200-day simple moving average of $77.96. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 15.53 and a beta of 1.31. 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 Inc. has a 52-week low of $64.79 and a 52-week high of $90.29.

Minerals Technologies Increases Dividend

The firm 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. This represents a $0.44 dividend on an annualized basis and a yield of 0.60%. This is a positive change from Minerals Technologies’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, October 31st. Minerals Technologies’s dividend payout ratio (DPR) is 9.32%.

Analysts Set New Price Targets

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