Aperio Group LLC increased its stake in Minerals Technologies Inc. (NYSE:MTX) by 44.5% during the second quarter, Holdings Channel reports. The institutional investor owned 24,744 shares of the basic materials company’s stock after buying an additional 7,619 shares during the period. Aperio Group LLC’s holdings in Minerals Technologies were worth $1,811,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of MTX. State Treasurer State of Michigan raised its position in Minerals Technologies by 1.4% in the first quarter. State Treasurer State of Michigan now owns 14,280 shares of the basic materials company’s stock valued at $1,094,000 after buying an additional 200 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Minerals Technologies by 5.3% in the first quarter. Great West Life Assurance Co. Can now owns 21,400 shares of the basic materials company’s stock valued at $1,638,000 after buying an additional 1,069 shares in the last quarter. 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 valued at $958,000 after buying an additional 300 shares in the last quarter. Wells Fargo & Company MN raised its position in Minerals Technologies by 4.3% in the first quarter. Wells Fargo & Company MN now owns 35,761 shares of the basic materials company’s stock valued at $2,739,000 after buying an additional 1,488 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Minerals Technologies by 1.7% in the first quarter. Oregon Public Employees Retirement Fund now owns 12,246 shares of the basic materials company’s stock valued at $938,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 94.46% of the company’s stock.

Minerals Technologies Inc. (NYSE:MTX) traded down 1.38% on Thursday, hitting $64.45. The stock had a trading volume of 28,863 shares. The stock’s 50 day moving average is $71.89 and its 200 day moving average is $75.05. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 14.66 and a beta of 2.20. Minerals Technologies Inc. has a one year low of $63.55 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 analysts’ consensus estimates of $1.24 by $0.01. The company had revenue of $414.10 million for the quarter, compared to analyst estimates of $427.21 million. Minerals Technologies had a net margin of 9.62% and a return on equity of 15.04%. Analysts anticipate that Minerals Technologies Inc. will post $4.65 earnings per share for the current year.

The business 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 dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Wednesday, August 23rd. Minerals Technologies’s payout ratio is currently 4.55%.

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Several research firms have recently commented on MTX. Zacks Investment Research upgraded Minerals Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. ValuEngine lowered Minerals Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, BidaskClub lowered 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).

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

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