Mutual of America Capital Management LLC Cuts Holdings in Minerals Technologies Inc. (NYSE:MTX)

Mutual of America Capital Management LLC trimmed its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 8.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,839 shares of the basic materials company’s stock after selling 462 shares during the period. Mutual of America Capital Management LLC’s holdings in Minerals Technologies were worth $374,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its stake in Minerals Technologies by 374.9% during the 1st quarter. Lazard Asset Management LLC now owns 1,838 shares of the basic materials company’s stock valued at $138,000 after acquiring an additional 1,451 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Minerals Technologies by 19.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 52,729 shares of the basic materials company’s stock worth $3,970,000 after buying an additional 8,428 shares in the last quarter. Comerica Bank increased its stake in shares of Minerals Technologies by 12.8% in the 1st quarter. Comerica Bank now owns 17,209 shares of the basic materials company’s stock valued at $1,295,000 after purchasing an additional 1,954 shares in the last quarter. Boston Partners acquired a new position in Minerals Technologies in the 1st quarter worth about $1,058,000. Finally, CWM LLC lifted its position in shares of Minerals Technologies by 585.6% during the 2nd quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock valued at $111,000 after buying an additional 1,136 shares in the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Minerals Technologies Trading Down 2.5 %

MTX opened at $81.15 on Thursday. The stock has a market capitalization of $2.59 billion, a PE ratio of 17.19 and a beta of 1.31. Minerals Technologies Inc. has a one year low of $60.92 and a one year high of $90.29. 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 business’s 50 day moving average price is $78.12 and its 200 day moving average price is $79.22.

Minerals Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 0.54%. 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. Minerals Technologies’s dividend payout ratio is 9.32%.

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.