Assenagon Asset Management S.A. Has $1.20 Million Stock Holdings in Minerals Technologies Inc. (NYSE:MTX)

Assenagon Asset Management S.A. trimmed its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 90.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,677 shares of the basic materials company’s stock after selling 145,763 shares during the period. Assenagon Asset Management S.A.’s holdings in Minerals Technologies were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Minerals Technologies by 2.6% during the 3rd quarter. State Street Corp now owns 1,268,792 shares of the basic materials company’s stock worth $97,989,000 after purchasing an additional 32,196 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Minerals Technologies by 9.7% in the third quarter. JPMorgan Chase & Co. now owns 115,887 shares of the basic materials company’s stock worth $8,950,000 after buying an additional 10,284 shares during the last quarter. Franklin Resources Inc. raised its position in Minerals Technologies by 21.1% during the third quarter. Franklin Resources Inc. now owns 47,847 shares of the basic materials company’s stock valued at $3,728,000 after acquiring an additional 8,335 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Minerals Technologies by 42.2% in the third quarter. Thrivent Financial for Lutherans now owns 64,110 shares of the basic materials company’s stock valued at $4,951,000 after acquiring an additional 19,037 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Minerals Technologies in the second quarter worth approximately $1,563,000. Institutional investors and hedge funds own 97.29% of the company’s stock.

Minerals Technologies Stock Performance

MTX opened at $75.66 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.72 and a current ratio of 2.46. The company has a market cap of $2.41 billion, a PE ratio of 16.03 and a beta of 1.31. The stock has a 50-day moving average of $78.13 and a 200-day moving average of $77.46. Minerals Technologies Inc. has a 52-week low of $64.91 and a 52-week high of $90.29.

Minerals Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.58%. Minerals Technologies’s payout ratio is currently 9.32%.

Analyst Upgrades and Downgrades

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

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.