Minerals Technologies Inc. (NYSE:MTX) Shares Sold by Cable Hill Partners LLC

Cable Hill Partners LLC trimmed its position in Minerals Technologies Inc. (NYSE:MTX) by 29.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,771 shares of the basic materials company’s stock after selling 1,593 shares during the period. Cable Hill Partners LLC’s holdings in Minerals Technologies were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new position in shares of Minerals Technologies in the second quarter valued at about $52,000. 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 buying an additional 798 shares during the period. Innealta Capital LLC purchased a new position in Minerals Technologies during the 2nd quarter worth approximately $76,000. Quarry LP lifted its stake in Minerals Technologies by 1,857.4% during the 2nd quarter. Quarry LP now owns 920 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 873 shares during the period. Finally, CWM LLC boosted its holdings in shares of Minerals Technologies by 585.6% in the 2nd quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock valued at $111,000 after acquiring an additional 1,136 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Minerals Technologies Stock Up 0.0 %

Shares of MTX opened at $81.72 on Friday. The stock’s 50-day moving average price is $76.19 and its 200-day moving average price is $78.89. The company has a quick ratio of 1.72, a current ratio of 2.46 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 17.31 and a beta of 1.31. Minerals Technologies Inc. has a 52 week low of $60.78 and a 52 week high of $90.29.

Minerals Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st will be paid a dividend of $0.11 per share. This is a boost from Minerals Technologies’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.54%. Minerals Technologies’s dividend payout ratio (DPR) is presently 9.32%.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.