State of Tennessee Treasury Department Has $4,912,000 Stake in Minerals Technologies Inc. (MTX)

State of Tennessee Treasury Department maintained its position in shares of Minerals Technologies Inc. (NYSE:MTX) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 67,100 shares of the basic materials company’s stock at the end of the second quarter. State of Tennessee Treasury Department owned about 0.19% of Minerals Technologies worth $4,912,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Swiss National Bank grew its holdings in shares of Minerals Technologies by 1.9% during the 2nd quarter. Swiss National Bank now owns 58,500 shares of the basic materials company’s stock valued at $4,282,000 after acquiring an additional 1,100 shares in the last quarter. Pacad Investment Ltd. grew its holdings in shares of Minerals Technologies by 28.0% during the 2nd quarter. Pacad Investment Ltd. now owns 3,200 shares of the basic materials company’s stock valued at $234,000 after acquiring an additional 700 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Minerals Technologies by 6.1% during the 2nd quarter. Principal Financial Group Inc. now owns 163,887 shares of the basic materials company’s stock valued at $11,996,000 after acquiring an additional 9,384 shares in the last quarter. IndexIQ Advisors LLC purchased a new position in shares of Minerals Technologies during the 2nd quarter valued at $452,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Minerals Technologies by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,471 shares of the basic materials company’s stock valued at $108,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 94.63% of the company’s stock.

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

Minerals Technologies Inc. (NYSE MTX) opened at 65.25 on Tuesday. The stock has a market capitalization of $2.29 billion, a PE ratio of 14.84 and a beta of 2.21. The stock’s 50 day moving average is $66.29 and its 200 day moving average is $72.55. Minerals Technologies Inc. has a 12-month low of $62.55 and a 12-month high of $83.85.

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 company had revenue of $414.10 million for the quarter, compared to the consensus estimate of $427.21 million. Analysts forecast that Minerals Technologies Inc. will post $4.60 EPS for the current year.

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

Minerals Technologies 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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