NGAM Advisors L.P. increased its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 19.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,280 shares of the basic materials company’s stock after buying an additional 7,691 shares during the period. NGAM Advisors L.P.’s holdings in Minerals Technologies were worth $3,461,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Elkfork Partners LLC raised its stake in shares of 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. Victory Capital Management Inc. raised its stake in shares of Minerals Technologies by 41.5% in the first quarter. Victory Capital Management Inc. now owns 1,747 shares of the basic materials company’s stock worth $134,000 after buying an additional 512 shares during the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of Minerals Technologies by 7.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,044 shares of the basic materials company’s stock worth $157,000 after buying an additional 140 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of Minerals Technologies by 7.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,482 shares of the basic materials company’s stock worth $190,000 after buying an additional 170 shares during the last quarter. Finally, 1st Global Advisors Inc. raised its stake in shares of 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. 94.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Minerals Technologies Inc. (MTX) opened at 65.35 on Thursday. The company’s 50-day moving average is $71.89 and its 200 day moving average is $75.05. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 17.24 and a beta of 2.20. Minerals Technologies Inc. has a 1-year low of $63.55 and a 1-year high of $83.85.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 7th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend is Wednesday, August 23rd. Minerals Technologies’s payout ratio is 4.55%.

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A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Minerals Technologies from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, BidaskClub lowered shares of Minerals Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th.

Minerals Technologies Company Profile

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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