Gamco Investors INC. ET AL Has $13,835,000 Position in Minerals Technologies Inc. (MTX)

Gamco Investors INC. ET AL maintained its stake in Minerals Technologies Inc. (NYSE:MTX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,000 shares of the basic materials company’s stock at the end of the second quarter. Gamco Investors INC. ET AL owned 0.54% of Minerals Technologies worth $13,835,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of MTX. Comerica Bank raised its stake in Minerals Technologies by 0.4% in the second quarter. Comerica Bank now owns 64,361 shares of the basic materials company’s stock worth $4,682,000 after buying an additional 267 shares during the last quarter. Legal & General Group Plc raised its stake in Minerals Technologies by 20.4% in the second quarter. Legal & General Group Plc now owns 26,986 shares of the basic materials company’s stock worth $1,975,000 after buying an additional 4,566 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Minerals Technologies by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 417,439 shares of the basic materials company’s stock worth $30,557,000 after buying an additional 1,678 shares during the last quarter. SG Americas Securities LLC raised its stake in Minerals Technologies by 41.7% in the second quarter. SG Americas Securities LLC now owns 13,019 shares of the basic materials company’s stock worth $953,000 after buying an additional 3,832 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Minerals Technologies by 2.3% in the second quarter. Advisors Asset Management Inc. now owns 7,192 shares of the basic materials company’s stock worth $526,000 after buying an additional 165 shares during the last quarter. 93.85% of the stock is currently owned by institutional investors and hedge funds.

Minerals Technologies Inc. (NYSE MTX) opened at 63.75 on Monday. Minerals Technologies Inc. has a 52-week low of $63.30 and a 52-week high of $83.85. The stock has a market capitalization of $2.24 billion, a P/E ratio of 14.50 and a beta of 2.20. The company’s 50-day moving average price is $70.40 and its 200 day moving average price is $74.22.

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

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

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A number of research firms recently commented on MTX. Zacks Investment Research lowered Minerals Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. ValuEngine downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, BidaskClub downgraded Minerals Technologies from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 17th.

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).

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

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