Sei Investments Co. Has $11.46 Million Stock Holdings in Minerals Technologies Inc. (NYSE:MTX)

Sei Investments Co. reduced its position in Minerals Technologies Inc. (NYSE:MTX - Free Report) by 14.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,776 shares of the basic materials company's stock after selling 22,584 shares during the quarter. Sei Investments Co. owned about 0.43% of Minerals Technologies worth $11,457,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MTX. XTX Topco Ltd grew its holdings in shares of Minerals Technologies by 7.7% during the 2nd quarter. XTX Topco Ltd now owns 10,444 shares of the basic materials company's stock valued at $869,000 after purchasing an additional 749 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of Minerals Technologies during the 2nd quarter valued at approximately $456,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Minerals Technologies during the 2nd quarter valued at approximately $223,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of Minerals Technologies by 35.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,637 shares of the basic materials company's stock valued at $552,000 after purchasing an additional 1,735 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Minerals Technologies during the 2nd quarter valued at approximately $1,563,000. 97.29% of the stock is owned by institutional investors.

Minerals Technologies Price Performance

Shares of Minerals Technologies stock traded down $0.18 during midday trading on Friday, hitting $75.69. 144,406 shares of the company traded hands, compared to its average volume of 163,268. Minerals Technologies Inc. has a 12 month low of $48.61 and a 12 month high of $90.29. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.72 and a current ratio of 2.46. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of 26.19 and a beta of 1.30. The firm's fifty day moving average price is $75.13 and its 200-day moving average price is $77.78.

Minerals Technologies (NYSE:MTX - Get Free Report) last posted its earnings results on Thursday, July 25th. The basic materials company reported $1.65 earnings per share for the quarter, topping analysts' consensus estimates of $1.60 by $0.05. Minerals Technologies had a net margin of 4.05% and a return on equity of 11.46%. The firm had revenue of $541.20 million for the quarter, compared to analyst estimates of $561.60 million. During the same period in the previous year, the firm posted $1.31 EPS. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Minerals Technologies Inc. will post 6.22 earnings per share for the current year.

Minerals Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Friday, August 16th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Friday, August 16th. Minerals Technologies's payout ratio is 13.84%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Minerals Technologies from a "hold" rating to a "buy" rating in a report on Wednesday.

Minerals Technologies Company Profile

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.