Great West Life Assurance Co. Can held its stake in Minerals Technologies Inc. (NYSE:MTX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,400 shares of the basic materials company’s stock at the end of the second quarter. Great West Life Assurance Co. Can owned 0.06% of Minerals Technologies worth $1,563,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of MTX. BlackRock Inc. raised its stake in Minerals Technologies by 19,626.2% in the first quarter. BlackRock Inc. now owns 3,587,805 shares of the basic materials company’s stock valued at $274,825,000 after buying an additional 3,569,617 shares during the period. Vanguard Group Inc. raised its stake in Minerals Technologies by 6.0% in the first quarter. Vanguard Group Inc. now owns 2,912,740 shares of the basic materials company’s stock valued at $223,116,000 after buying an additional 163,884 shares during the period. State Street Corp raised its stake in Minerals Technologies by 2.6% in the first quarter. State Street Corp now owns 1,116,334 shares of the basic materials company’s stock valued at $85,513,000 after buying an additional 28,176 shares during the period. Royce & Associates LP raised its stake in Minerals Technologies by 5.4% in the first quarter. Royce & Associates LP now owns 1,100,830 shares of the basic materials company’s stock valued at $84,324,000 after buying an additional 55,925 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Minerals Technologies by 16.3% in the first quarter. Macquarie Group Ltd. now owns 897,356 shares of the basic materials company’s stock valued at $68,737,000 after buying an additional 125,664 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Shares of Minerals Technologies Inc. (NYSE:MTX) opened at 63.65 on Thursday. The company has a 50-day moving average price of $69.17 and a 200 day moving average price of $73.63. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 14.48 and a beta of 2.20. Minerals Technologies Inc. has a 12-month low of $62.70 and a 12-month high of $83.85.

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

The company also recently disclosed 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 0.31%. Minerals Technologies’s payout ratio is 4.55%.

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MTX has been the subject of several analyst reports. BidaskClub lowered Minerals Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. ValuEngine lowered Minerals Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research lowered Minerals Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th.

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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