Minerals Technologies Inc. (NYSE:MTX) Holdings Held by Russell Investments Group Ltd.

Russell Investments Group Ltd. continued to hold its position in shares of Minerals Technologies Inc. (NYSE:MTX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,553 shares of the basic materials company’s stock at the end of the 2nd quarter. Russell Investments Group Ltd. owned about 0.06% of Minerals Technologies worth $1,578,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Elkfork Partners LLC boosted its stake in shares of Minerals Technologies by 7.4% during the 1st quarter. Elkfork Partners LLC now owns 1,606 shares of the basic materials company’s stock worth $123,000 after acquiring an additional 110 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Minerals Technologies by 41.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,747 shares of the basic materials company’s stock worth $134,000 after acquiring an additional 512 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in shares of Minerals Technologies by 7.4% during the 1st quarter. Meadow Creek Investment Management LLC now owns 2,044 shares of the basic materials company’s stock worth $157,000 after acquiring an additional 140 shares in the last quarter. Glen Harbor Capital Management LLC boosted its stake in shares of Minerals Technologies by 7.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 2,482 shares of the basic materials company’s stock worth $190,000 after acquiring an additional 170 shares in the last quarter. Finally, 1st Global Advisors Inc. boosted its stake in shares of Minerals Technologies by 1.4% during the 1st quarter. 1st Global Advisors Inc. now owns 2,936 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 40 shares in the last quarter. 94.41% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts have recently issued reports on MTX shares. BidaskClub lowered shares of Minerals Technologies from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 17th. ValuEngine lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Minerals Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th.

Shares of Minerals Technologies Inc. (MTX) opened at 70.55 on Friday. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 16.05 and a beta of 2.21. Minerals Technologies Inc. has a 1-year low of $62.55 and a 1-year high of $83.85. The stock’s 50 day moving average is $65.42 and its 200 day moving average is $72.02.

Minerals Technologies (NYSE:MTX) last released 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 analysts’ expectations 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 $4.59 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Friday, August 25th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Wednesday, August 23rd. Minerals Technologies’s dividend payout ratio is currently 4.55%.

Minerals Technologies announced that its board has approved a share repurchase program on Thursday, September 21st that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the basic materials company to reacquire up to 6.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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 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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