Healthcare of Ontario Pension Plan Trust Fund Purchases 14,200 Shares of Minerals Technologies Inc. (NYSE:MTX)

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 71.0% in the third quarter, HoldingsChannel reports. The fund owned 34,200 shares of the basic materials company’s stock after buying an additional 14,200 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Minerals Technologies were worth $2,641,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Bridgewater Associates LP lifted its position in Minerals Technologies by 61.1% during the 3rd quarter. Bridgewater Associates LP now owns 35,938 shares of the basic materials company’s stock valued at $2,775,000 after purchasing an additional 13,630 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Minerals Technologies by 11.3% during the third quarter. BNP Paribas Financial Markets now owns 44,060 shares of the basic materials company’s stock worth $3,403,000 after buying an additional 4,479 shares during the last quarter. Quantbot Technologies LP acquired a new position in Minerals Technologies in the third quarter valued at approximately $656,000. FMR LLC boosted its stake in Minerals Technologies by 64.2% in the third quarter. FMR LLC now owns 1,234,719 shares of the basic materials company’s stock valued at $95,357,000 after acquiring an additional 482,674 shares during the last quarter. Finally, Algert Global LLC grew its holdings in Minerals Technologies by 8.7% during the 3rd quarter. Algert Global LLC now owns 44,512 shares of the basic materials company’s stock worth $3,438,000 after acquiring an additional 3,556 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

Minerals Technologies Stock Performance

Shares of MTX stock opened at $81.57 on Friday. Minerals Technologies Inc. has a one year low of $61.46 and a one year high of $90.29. 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 market cap of $2.60 billion, a PE ratio of 17.28 and a beta of 1.31. The stock has a 50-day moving average of $78.44 and a 200-day moving average of $79.23.

Minerals Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Thursday, October 31st will be given a $0.11 dividend. 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%. This is a boost from Minerals Technologies’s previous quarterly dividend of $0.10. Minerals Technologies’s dividend payout ratio is currently 9.32%.

Wall Street Analyst Weigh In

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

About Minerals Technologies

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.