NJ State Employees Deferred Compensation Plan bought a new position in shares of Minerals Technologies Inc. (NYSE:MTX) during the second quarter, Holdings Channel reports. The fund bought 6,000 shares of the basic materials company’s stock, valued at approximately $439,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Investment Management Company LLC boosted its position in Minerals Technologies by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 6,038 shares of the basic materials company’s stock worth $463,000 after buying an additional 17 shares during the last quarter. 1st Global Advisors Inc. boosted its position in Minerals Technologies by 1.4% in the first quarter. 1st Global Advisors Inc. now owns 2,936 shares of the basic materials company’s stock worth $225,000 after buying an additional 40 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Minerals Technologies by 0.9% in the second quarter. Nisa Investment Advisors LLC now owns 11,560 shares of the basic materials company’s stock worth $846,000 after buying an additional 100 shares during the last quarter. Elkfork Partners LLC boosted its position in Minerals Technologies by 7.4% in the first quarter. Elkfork Partners LLC now owns 1,606 shares of the basic materials company’s stock worth $123,000 after buying an additional 110 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its position in Minerals Technologies by 2.2% in the second quarter. Capstone Asset Management Co. now owns 5,116 shares of the basic materials company’s stock worth $374,000 after buying an additional 110 shares during the last quarter. 94.46% of the stock is owned by hedge funds and other institutional investors.

Shares of Minerals Technologies Inc. (MTX) opened at 67.10 on Wednesday. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 17.70 and a beta of 2.20. Minerals Technologies Inc. has a 12-month low of $63.55 and a 12-month high of $83.85. The company’s 50-day moving average price is $72.32 and its 200 day moving average price is $75.32.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $1.23 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by $0.01. The company had revenue of $414.10 million during the quarter, compared to the consensus estimate of $427.21 million. Minerals Technologies had a return on equity of 15.04% and a net margin of 9.62%. Equities analysts predict that Minerals Technologies Inc. will post $4.67 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Friday, August 25th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.30%. Minerals Technologies’s dividend payout ratio (DPR) is presently 4.55%.

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Several research analysts have recently weighed in on the company. Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub cut Minerals Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th. Finally, ValuEngine cut Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th.

About Minerals Technologies

Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and supporting systems and services around the world. It operates through five segments. The Specialty Minerals produces and sells the synthetic mineral product precipitated calcium carbonate (PCC) and processed mineral product quicklime (lime).

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Institutional Ownership by Quarter for Minerals Technologies (NYSE:MTX)

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