Bank of New York Mellon Corp grew its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 417,439 shares of the basic materials company’s stock after buying an additional 1,678 shares during the period. Bank of New York Mellon Corp owned 1.19% of Minerals Technologies worth $30,557,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Investment Management Company LLC increased its position in shares of Minerals Technologies by 0.3% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 6,038 shares of the basic materials company’s stock valued at $463,000 after buying an additional 17 shares during the period. 1st Global Advisors Inc. increased its position in shares of Minerals Technologies by 1.4% during the first quarter. 1st Global Advisors Inc. now owns 2,936 shares of the basic materials company’s stock valued at $225,000 after buying an additional 40 shares during the period. First Mercantile Trust Co. increased its position in shares of Minerals Technologies by 1.7% during the second quarter. First Mercantile Trust Co. now owns 2,420 shares of the basic materials company’s stock valued at $177,000 after buying an additional 40 shares during the period. Teacher Retirement System of Texas increased its position in shares of Minerals Technologies by 2.6% during the second quarter. Teacher Retirement System of Texas now owns 2,802 shares of the basic materials company’s stock valued at $205,000 after buying an additional 71 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Minerals Technologies by 0.9% during the second quarter. Nisa Investment Advisors LLC now owns 11,560 shares of the basic materials company’s stock valued at $846,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 94.63% of the company’s stock.

Minerals Technologies Inc. (NYSE MTX) opened at 63.50 on Monday. The stock’s 50 day moving average price is $66.49 and its 200 day moving average price is $72.68. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 14.44 and a beta of 2.21. Minerals Technologies Inc. has a one year low of $62.55 and a one year high of $83.85.

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 consensus estimate of $1.24 by $0.01. The company had revenue of $414.10 million during the quarter, compared to the consensus estimate of $427.21 million. Minerals Technologies had a return on equity of 15.04% and a net margin of 9.62%. Equities analysts predict that Minerals Technologies Inc. will post $4.60 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Friday, August 25th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.31%. The ex-dividend date of this dividend was Wednesday, August 23rd. Minerals Technologies’s dividend payout ratio (DPR) is presently 4.55%.

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MTX has been the subject of several recent analyst reports. BidaskClub lowered Minerals Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, ValuEngine lowered Minerals Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th.

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.

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

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