Rowland & Co. Investment Counsel ADV lessened its stake in shares of Minerals Technologies Inc (NYSE:MTX) by 5.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,815 shares of the basic materials company’s stock after selling 200 shares during the quarter. Rowland & Co. Investment Counsel ADV’s holdings in Minerals Technologies were worth $224,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System boosted its position in shares of Minerals Technologies by 1.0% during the 4th quarter. Arizona State Retirement System now owns 25,308 shares of the basic materials company’s stock worth $1,299,000 after purchasing an additional 240 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Minerals Technologies by 5.3% during the 4th quarter. Bank of Montreal Can now owns 5,232 shares of the basic materials company’s stock worth $269,000 after purchasing an additional 264 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Minerals Technologies by 0.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 126,870 shares of the basic materials company’s stock worth $6,514,000 after purchasing an additional 392 shares in the last quarter. Neuberger Berman Group LLC boosted its position in shares of Minerals Technologies by 0.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 131,417 shares of the basic materials company’s stock worth $8,884,000 after purchasing an additional 400 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of Minerals Technologies by 1.9% during the 4th quarter. Comerica Bank now owns 22,778 shares of the basic materials company’s stock worth $1,273,000 after purchasing an additional 415 shares in the last quarter. 95.42% of the stock is currently owned by institutional investors.

Shares of MTX traded up $1.22 on Wednesday, reaching $62.34. The company’s stock had a trading volume of 1,251 shares, compared to its average volume of 144,263. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.29 and a quick ratio of 1.67. Minerals Technologies Inc has a twelve month low of $47.07 and a twelve month high of $80.80. The firm has a market capitalization of $2.16 billion, a PE ratio of 12.82, a P/E/G ratio of 1.43 and a beta of 1.92.

Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, January 31st. The basic materials company reported $1.17 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.17. Minerals Technologies had a net margin of 9.45% and a return on equity of 12.82%. The company had revenue of $447.50 million for the quarter, compared to analyst estimates of $452.04 million. As a group, analysts expect that Minerals Technologies Inc will post 5 EPS for the current year.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, March 16th. Gabelli restated a “buy” rating on shares of Minerals Technologies in a report on Thursday, March 28th.

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Minerals Technologies Company 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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