Boston Partners raised its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 506,709 shares of the basic materials company’s stock after buying an additional 9,551 shares during the period. Boston Partners’ holdings in Minerals Technologies were worth $37,091,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. State Treasurer State of Michigan raised its position in shares of 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 during the last quarter. Great West Life Assurance Co. Can raised its position in shares of 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 during the last quarter. Adams Diversified Equity Fund Inc. raised its position in shares of 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 during the last quarter. Wells Fargo & Company MN raised its position in shares of 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 during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of 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 during the last quarter. Institutional investors own 93.85% of the company’s stock.

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

Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Thursday, August 3rd. The basic materials company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.24 by $0.01. The firm 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%. On average, equities analysts forecast that Minerals Technologies Inc. will post $4.64 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 7th. Stockholders of record on Friday, August 25th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.20 annualized dividend and a dividend yield of 0.31%. Minerals Technologies’s payout ratio is currently 4.55%.

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Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Minerals Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, April 26th. ValuEngine lowered Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, BidaskClub lowered Minerals Technologies from a “sell” rating to a “strong sell” rating in a research note 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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