JPMorgan Chase & Co. Increases Stock Holdings in Minerals Technologies Inc. (NYSE:MTX)

JPMorgan Chase & Co. raised its stake in Minerals Technologies Inc. (NYSE:MTX) by 9.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,887 shares of the basic materials company’s stock after purchasing an additional 10,284 shares during the period. JPMorgan Chase & Co. owned 0.36% of Minerals Technologies worth $8,950,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. TD Asset Management Inc purchased a new position in shares of Minerals Technologies during the second quarter worth approximately $283,000. Dimensional Fund Advisors LP grew its position in shares of Minerals Technologies by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,296,727 shares of the basic materials company’s stock worth $190,996,000 after acquiring an additional 15,563 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Minerals Technologies during the second quarter worth approximately $1,563,000. Mercer Global Advisors Inc. ADV grew its position in shares of Minerals Technologies by 35.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 6,637 shares of the basic materials company’s stock worth $552,000 after acquiring an additional 1,735 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new position in shares of Minerals Technologies during the second quarter worth approximately $223,000. 97.29% of the stock is currently owned by hedge funds and other institutional investors.

Minerals Technologies Price Performance

Shares of NYSE MTX opened at $73.49 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.46 and a quick ratio of 1.72. The stock has a fifty day moving average price of $78.89 and a 200 day moving average price of $77.73. Minerals Technologies Inc. has a 1-year low of $64.79 and a 1-year high of $90.29. The company has a market cap of $2.34 billion, a PE ratio of 15.57 and a beta of 1.31.

Minerals Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Thursday, October 31st were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, October 31st. This is an increase from Minerals Technologies’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 0.60%. Minerals Technologies’s dividend payout ratio (DPR) is currently 9.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of 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.