Chesapeake Capital Corp IL Buys 1,451 Shares of Minerals Technologies Inc. (NYSE:MTX)

Chesapeake Capital Corp IL boosted its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 27.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 6,653 shares of the basic materials company’s stock after purchasing an additional 1,451 shares during the period. Chesapeake Capital Corp IL’s holdings in Minerals Technologies were worth $504,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MTX. Vanguard Group Inc. grew its stake in shares of Minerals Technologies by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,738,256 shares of the basic materials company’s stock valued at $281,416,000 after buying an additional 25,056 shares during the last quarter. Dimensional Fund Advisors LP grew its stake 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 valued at $190,996,000 after buying an additional 15,563 shares during the last quarter. Allspring Global Investments Holdings LLC boosted 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 valued at $43,987,000 after purchasing an additional 14,909 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Minerals Technologies by 0.8% in the second 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 purchasing an additional 2,715 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Minerals Technologies by 13.9% in the second quarter. Panagora Asset Management Inc. now owns 211,382 shares of the basic materials company’s stock valued at $17,579,000 after purchasing an additional 25,831 shares during the period. 97.29% of the stock is owned by institutional investors.

Minerals Technologies Stock Performance

Shares of MTX stock opened at $80.67 on Friday. The business’s fifty day simple moving average is $76.53 and its 200-day simple moving average is $78.99. The company has a market cap of $2.57 billion, a PE ratio of 17.09 and a beta of 1.31. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51. Minerals Technologies Inc. has a 12-month low of $60.78 and a 12-month high of $90.29.

Minerals Technologies Increases Dividend

The company also recently announced 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 positive change from Minerals Technologies’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 0.55%. The ex-dividend date is Thursday, October 31st. Minerals Technologies’s dividend payout ratio is presently 9.32%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Minerals Technologies from a “buy” rating to a “hold” rating in a 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.