Alambic Investment Management L.P. bought a new position in shares of Minerals Technologies Inc (NYSE:MTX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,374 shares of the basic materials company’s stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. boosted its position in Minerals Technologies by 5.1% during the second quarter. BlackRock Inc. now owns 3,914,682 shares of the basic materials company’s stock worth $294,971,000 after purchasing an additional 190,711 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Minerals Technologies by 6.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,594,877 shares of the basic materials company’s stock worth $120,173,000 after purchasing an additional 99,153 shares in the last quarter. Royce & Associates LP raised its holdings in shares of Minerals Technologies by 7.4% in the second quarter. Royce & Associates LP now owns 1,522,165 shares of the basic materials company’s stock worth $114,695,000 after acquiring an additional 105,100 shares during the last quarter. Silvercrest Asset Management Group LLC raised its holdings in shares of Minerals Technologies by 1.0% in the first quarter. Silvercrest Asset Management Group LLC now owns 1,285,210 shares of the basic materials company’s stock worth $86,045,000 after acquiring an additional 13,108 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Minerals Technologies by 4.7% in the second quarter. Victory Capital Management Inc. now owns 973,962 shares of the basic materials company’s stock worth $73,388,000 after acquiring an additional 44,020 shares during the last quarter. Institutional investors own 94.25% of the company’s stock.

A number of equities analysts have recently weighed in on MTX shares. Zacks Investment Research cut Minerals Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 25th. ValuEngine cut Minerals Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th.

In related news, Director John J. Carmola purchased 800 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was bought at an average cost of $68.00 per share, with a total value of $54,400.00. Following the completion of the acquisition, the director now directly owns 1,200 shares in the company, valued at approximately $81,600. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Franklin Feder purchased 450 shares of the business’s stock in a transaction dated Thursday, June 28th. The stock was bought at an average cost of $75.10 per share, with a total value of $33,795.00. Following the completion of the acquisition, the director now owns 450 shares of the company’s stock, valued at $33,795. The disclosure for this purchase can be found here. Insiders own 2.40% of the company’s stock.

NYSE MTX opened at $66.05 on Thursday. Minerals Technologies Inc has a fifty-two week low of $64.45 and a fifty-two week high of $80.80. The firm has a market capitalization of $2.35 billion, a PE ratio of 14.39, a P/E/G ratio of 1.66 and a beta of 2.20. The company has a quick ratio of 1.53, a current ratio of 2.08 and a debt-to-equity ratio of 0.73.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.26 by $0.02. Minerals Technologies had a return on equity of 13.02% and a net margin of 11.50%. The company had revenue of $464.70 million during the quarter, compared to analysts’ expectations of $442.45 million. During the same period in the previous year, the firm posted $1.23 earnings per share. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. research analysts predict that Minerals Technologies Inc will post 4.89 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 6th. Stockholders of record on Friday, August 24th were issued a $0.05 dividend. The ex-dividend date was Thursday, 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 4.36%.

Minerals Technologies Profile

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.

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

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