Wellington Management Group LLP Has $18.95 Million Holdings in Minerals Technologies Inc. (NYSE:MTX)

Wellington Management Group LLP cut its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 245,317 shares of the basic materials company’s stock after selling 34,256 shares during the period. Wellington Management Group LLP’s holdings in Minerals Technologies were worth $18,946,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Panagora Asset Management Inc. grew its stake in shares of Minerals Technologies by 13.9% during the second quarter. Panagora Asset Management Inc. now owns 211,382 shares of the basic materials company’s stock worth $17,579,000 after purchasing an additional 25,831 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Minerals Technologies by 42.2% during the third quarter. Thrivent Financial for Lutherans now owns 64,110 shares of the basic materials company’s stock worth $4,951,000 after purchasing an additional 19,037 shares during the period. Quest Partners LLC grew its stake in shares of Minerals Technologies by 96.9% during the second quarter. Quest Partners LLC now owns 24,937 shares of the basic materials company’s stock worth $2,074,000 after purchasing an additional 12,274 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Minerals Technologies during the second quarter worth $1,563,000. Finally, LSV Asset Management acquired a new stake in shares of Minerals Technologies during the second quarter worth $1,422,000. 97.29% of the stock is owned by institutional investors and hedge funds.

Minerals Technologies Stock Performance

MTX stock opened at $79.13 on Friday. The business’s 50-day moving average price is $79.39 and its two-hundred day moving average price is $79.11. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51. The firm has a market cap of $2.52 billion, a PE ratio of 16.76 and a beta of 1.30. Minerals Technologies Inc. has a 1-year low of $64.79 and a 1-year high of $90.29.

Minerals Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, October 31st. This is a positive change from Minerals Technologies’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 0.56%. Minerals Technologies’s payout ratio is currently 9.32%.

Analyst Upgrades and Downgrades

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

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.