Metropolitan Life Insurance Co. NY boosted its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 0.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,561 shares of the basic materials company’s stock after buying an additional 8 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.16% of Minerals Technologies worth $4,256,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in Minerals Technologies by 2.6% in the first quarter. Principal Financial Group Inc. now owns 154,503 shares of the basic materials company’s stock worth $11,835,000 after buying an additional 3,986 shares during the last quarter. Highbridge Capital Management LLC raised its position in shares of Minerals Technologies by 20.1% in the first quarter. Highbridge Capital Management LLC now owns 14,563 shares of the basic materials company’s stock valued at $1,116,000 after buying an additional 2,437 shares during the period. Adams Diversified Equity Fund Inc. raised its position in Minerals Technologies by 2.5% in the first quarter. Adams Diversified Equity Fund Inc. now owns 12,500 shares of the basic materials company’s stock worth $958,000 after buying an additional 300 shares during the last quarter. Eagle Asset Management Inc. raised its position in Minerals Technologies by 38.0% in the first quarter. Eagle Asset Management Inc. now owns 132,437 shares of the basic materials company’s stock worth $10,144,000 after buying an additional 36,452 shares during the last quarter. Finally, Sei Investments Co. raised its position in Minerals Technologies by 7.3% in the first quarter. Sei Investments Co. now owns 40,386 shares of the basic materials company’s stock worth $3,094,000 after buying an additional 2,745 shares during the last quarter. Institutional investors and hedge funds own 94.49% of the company’s stock.

Shares of Minerals Technologies Inc. (MTX) traded down 2.68% during trading on Friday, reaching $68.95. 160,145 shares of the company traded hands. Minerals Technologies Inc. has a 12 month low of $63.55 and a 12 month high of $83.85. The stock has a market capitalization of $2.42 billion, a PE ratio of 18.19 and a beta of 2.20. The company has a 50-day moving average of $72.64 and a 200-day moving average of $75.43.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by $0.01. Minerals Technologies had a return on equity of 15.44% and a net margin of 8.21%. Analysts forecast that Minerals Technologies Inc. will post $4.72 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Investors of record on Friday, August 25th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.20 annualized dividend and a yield of 0.29%. Minerals Technologies’s payout ratio is 5.28%.

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Several research firms have issued reports on MTX. 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 downgraded shares of Minerals Technologies from a “sell” rating to a “strong sell” rating in a 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 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).

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

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