JPMorgan Chase & Co. reduced its position in Minerals Technologies Inc. (NYSE:MTX) by 12.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 627,257 shares of the basic materials company’s stock after selling 90,959 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.79% of Minerals Technologies worth $45,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Minerals Technologies by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,471 shares of the basic materials company’s stock worth $108,000 after purchasing an additional 125 shares during the period. Elkfork Partners LLC boosted its position 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 purchasing an additional 110 shares during the period. Victory Capital Management Inc. boosted its position 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 purchasing an additional 512 shares during the period. Meadow Creek Investment Management LLC boosted its position 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 purchasing an additional 140 shares during the period. Finally, First Mercantile Trust Co. boosted its position in shares of Minerals Technologies by 1.7% in the second quarter. First Mercantile Trust Co. now owns 2,420 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 94.63% of the company’s stock.

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Minerals Technologies Inc. (NYSE MTX) opened at 66.75 on Thursday. The company’s 50 day moving average is $66.07 and its 200-day moving average is $72.41. Minerals Technologies Inc. has a 12 month low of $62.55 and a 12 month high of $83.85. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 15.18 and a beta of 2.21.

Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.24 by ($0.01). The firm had revenue of $414.10 million for the quarter, compared to analysts’ expectations of $427.21 million. Minerals Technologies had a net margin of 9.62% and a return on equity of 15.04%. On average, analysts expect that Minerals Technologies Inc. will post $4.60 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Friday, August 25th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Wednesday, August 23rd. Minerals Technologies’s dividend payout ratio (DPR) is 4.55%.

MTX has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, BidaskClub lowered shares of Minerals Technologies from a “sell” rating to a “strong sell” rating in a research report 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 related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc.

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

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