Texas Permanent School Fund boosted its stake in Minerals Technologies Inc. (NYSE:MTX) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,616 shares of the basic materials company’s stock after buying an additional 248 shares during the period. Texas Permanent School Fund’s holdings in Minerals Technologies were worth $1,875,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MTX. Elkfork Partners LLC raised its position in Minerals Technologies by 7.4% in the first quarter. Elkfork Partners LLC now owns 1,606 shares of the basic materials company’s stock valued at $123,000 after buying an additional 110 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Minerals Technologies by 41.5% in the first quarter. Victory Capital Management Inc. now owns 1,747 shares of the basic materials company’s stock worth $134,000 after buying an additional 512 shares during the period. Meadow Creek Investment Management LLC raised its stake in shares of Minerals Technologies by 7.4% in the first quarter. Meadow Creek Investment Management LLC now owns 2,044 shares of the basic materials company’s stock worth $157,000 after buying an additional 140 shares during the period. Glen Harbor Capital Management LLC raised its stake in shares of Minerals Technologies by 7.4% in the first quarter. Glen Harbor Capital Management LLC now owns 2,482 shares of the basic materials company’s stock worth $190,000 after buying an additional 170 shares during the period. Finally, 1st Global Advisors Inc. raised its stake in shares of Minerals Technologies by 1.4% in the first quarter. 1st Global Advisors Inc. now owns 2,936 shares of the basic materials company’s stock worth $225,000 after buying an additional 40 shares during the period. 94.46% of the stock is currently owned by institutional investors and hedge funds.

Shares of Minerals Technologies Inc. (NYSE MTX) opened at 64.05 on Friday. Minerals Technologies Inc. has a one year low of $63.30 and a one year high of $83.85. The stock’s 50 day moving average is $71.48 and its 200-day moving average is $74.87. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 14.57 and a beta of 2.20.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by $0.01. Minerals Technologies had a return on equity of 15.04% and a net margin of 9.62%. The business had revenue of $414.10 million for the quarter, compared to analysts’ expectations of $427.21 million. On average, equities research analysts predict that Minerals Technologies Inc. will post $4.64 EPS for the current fiscal year.

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

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A number of equities research analysts have recently weighed in on MTX shares. BidaskClub lowered shares of Minerals Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, June 17th. ValuEngine lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of Minerals Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 10th.

About Minerals Technologies

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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