Point72 Asia Singapore Pte. Ltd. Sells 887 Shares of Minerals Technologies Inc. (NYSE:MTX)

Point72 Asia Singapore Pte. Ltd. trimmed its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 37.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,485 shares of the basic materials company’s stock after selling 887 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Minerals Technologies were worth $115,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MTX. Dimensional Fund Advisors LP lifted its holdings in shares of Minerals Technologies by 0.7% in the 2nd 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. FMR LLC boosted its position in Minerals Technologies by 64.2% during the third quarter. FMR LLC now owns 1,234,719 shares of the basic materials company’s stock valued at $95,357,000 after buying an additional 482,674 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Minerals Technologies by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 552,510 shares of the basic materials company’s stock valued at $42,670,000 after buying an additional 7,593 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Minerals Technologies by 2.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 528,945 shares of the basic materials company’s stock worth $43,987,000 after buying an additional 14,909 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Minerals Technologies by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 322,706 shares of the basic materials company’s stock valued at $26,836,000 after acquiring an additional 2,715 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Minerals Technologies Trading Down 2.5 %

NYSE:MTX opened at $80.21 on Friday. The firm has a market capitalization of $2.56 billion, a P/E ratio of 16.99 and a beta of 1.30. 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 fifty day moving average of $79.02 and a 200 day moving average of $79.25. Minerals Technologies Inc. has a 52 week low of $63.01 and a 52 week high of $90.29.

Minerals Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.11 per share. This is a positive change from Minerals Technologies’s previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Thursday, October 31st. Minerals Technologies’s dividend payout ratio is currently 9.32%.

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.