Boston Partners boosted its position in shares of Minerals Technologies Inc. (NYSE:MTX) by 1.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 506,709 shares of the basic materials company’s stock after buying an additional 9,551 shares during the period. Boston Partners owned about 1.44% of Minerals Technologies worth $37,091,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Capstone Asset Management Co. boosted its stake in Minerals Technologies by 6.8% in the first quarter. Capstone Asset Management Co. now owns 5,006 shares of the basic materials company’s stock worth $383,000 after buying an additional 320 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Minerals Technologies by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 8,800 shares of the basic materials company’s stock worth $674,000 after buying an additional 200 shares in the last quarter. Retirement Systems of Alabama boosted its stake in Minerals Technologies by 0.3% in the first quarter. Retirement Systems of Alabama now owns 45,234 shares of the basic materials company’s stock worth $3,465,000 after buying an additional 121 shares in the last quarter. James Investment Research Inc. boosted its stake in Minerals Technologies by 41.9% in the first quarter. James Investment Research Inc. now owns 26,500 shares of the basic materials company’s stock worth $2,030,000 after buying an additional 7,825 shares in the last quarter. Finally, First Manhattan Co. boosted its stake in Minerals Technologies by 0.8% in the first quarter. First Manhattan Co. now owns 426,252 shares of the basic materials company’s stock worth $30,131,000 after buying an additional 3,526 shares in the last quarter. Institutional investors and hedge funds own 93.85% of the company’s stock.

Shares of Minerals Technologies Inc. (MTX) opened at 64.05 on Monday. The stock’s 50 day moving average price is $71.48 and its 200-day moving average price is $74.87. Minerals Technologies Inc. has a 52-week low of $63.30 and a 52-week high of $83.85. The company has a market capitalization of $2.25 billion, a PE ratio of 14.57 and a beta of 2.20.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $1.23 EPS for the quarter, missing the Zacks’ 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 company had revenue of $414.10 million for the quarter, compared to the consensus estimate of $427.21 million. On average, analysts expect that Minerals Technologies Inc. will post $4.64 earnings per share for the current year.

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

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MTX has been the topic of a number of research reports. Zacks Investment Research upgraded Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, April 26th. 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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