Connor Clark & Lunn Investment Management Ltd. Has $1.51 Million Stake in Minerals Technologies Inc. (NYSE:MTX)

Connor Clark & Lunn Investment Management Ltd. lowered its position in Minerals Technologies Inc. (NYSE:MTX) by 6.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,589 shares of the basic materials company’s stock after selling 1,248 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Minerals Technologies worth $1,513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTX. Picton Mahoney Asset Management acquired a new stake in shares of Minerals Technologies in the second quarter worth about $52,000. Blue Trust Inc. raised its stake in shares of Minerals Technologies by 2,418.2% in the 3rd quarter. Blue Trust Inc. now owns 831 shares of the basic materials company’s stock valued at $69,000 after acquiring an additional 798 shares in the last quarter. Innealta Capital LLC acquired a new stake in Minerals Technologies in the 2nd quarter worth approximately $76,000. Quarry LP boosted its position in Minerals Technologies by 1,857.4% during the second quarter. Quarry LP now owns 920 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 873 shares during the period. Finally, CWM LLC grew its holdings in Minerals Technologies by 585.6% during the second quarter. CWM LLC now owns 1,330 shares of the basic materials company’s stock valued at $111,000 after purchasing an additional 1,136 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Minerals Technologies Trading Down 1.7 %

Shares of NYSE:MTX opened at $83.20 on Wednesday. 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 stock’s 50-day moving average is $77.93 and its 200-day moving average is $79.20. The company has a market cap of $2.65 billion, a P/E ratio of 17.63 and a beta of 1.31. Minerals Technologies Inc. has a 52-week low of $60.78 and a 52-week high of $90.29.

Minerals Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, October 31st will be given a $0.11 dividend. This is an increase from Minerals Technologies’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Thursday, October 31st. Minerals Technologies’s payout ratio is currently 9.32%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of 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.