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The Minerals Technologies Inc (MTX) to Issue Quarterly Dividend of $0.05

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05 June, 2017

The institutional investor held 37,450 shares of the major chemicals company at the end of 2016Q4, valued at $2.89 million, down from 45,300 at the end of the previous reported quarter.

According to Zacks, "Minerals Technologies Inc.is a resource- and technology-based company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services".

09/19/2014 - Minerals Technologies Inc. was upgraded to " by analysts at Sidoti. The stock's 50-day moving average is $75.69 and its 200 day moving average is $77.20. The business's revenue was down 1.3% on a year-over-year basis. Gilder Gagnon Howe & Co Llc who had been investing in Sientra Inc Com Usd0.01 for a number of months, seems to be bullish on the $147.05M market cap company. The stock declined 0.08% or $0.12 reaching $149.81 on the news. Sientra Inc (NASDAQ:SIEN) has risen 27.61% since June 1, 2016 and is uptrending. It has outperformed by 30.80% the S&P500.

Investors sentiment decreased to 0.91 in 2016 Q4. Its down 0.22, from 1.18 in 2016Q3. 44 funds opened positions while 67 raised stakes. Sg Americas Securities Lc holds 2,804 shares or 0% of its portfolio. Parametrica Management Limited owns 10,652 shares. Moreover, Thomson Horstmann & Bryant has 0.7% invested in RigNet Inc (NASDAQ:RNET). Schroder Mgmt Grp reported 0% in Sientra Inc (NASDAQ:SIEN). The Farr Miller & Washington Llc holds 24,266 shares with $2.95M value, up from 19,873 last quarter. Cannell Cap has 2.18% invested in RigNet Inc (NASDAQ:RNET). Royal National Bank & Trust Of Canada has 13,701 shares for 0% of their portfolio. Bancshares Of Ny Mellon Corp reported 0.01% stake. Dimensional Fund Limited Partnership has 0% invested in RigNet Inc (NASDAQ:RNET). Van Eck has 0.05% invested in Alkermes Plc (NASDAQ:ALKS) for 183,239 shares. Meeder Asset Inc owns 3,059 shares. 58,138 were accumulated by Parametric Port Assocs Ltd Liability. Martingale Asset Mgmt LP stated it has 9,110 shares.

Among 2 analysts covering RigNet (NASDAQ:RNET), 2 have Buy rating, 0 Sell and 0 Hold.

Several analysts have issued reports on the stock. Wedbush has "Outperform" rating and $66 target.

Since February 10, 2017, it had 0 buys, and 2 insider sales for $638,882 activity. Shares for $204,528 were sold by Hoovel Catherine A. on Friday, March 3.

Royce & Associates LP now owns 1,100,830 shares of the basic materials company's stock valued at $84,324,000 after buying an additional 55,925 shares in the last quarter. Still Hasn't Hit Bottom" published on November 08, 2016 as well as Fool.com's news article titled: "Here's What Fueled RigNet Inc.'s almost 17% Surge in March" with publication date: "April 07, 2017.

More notable recent Minerals Technologies Inc (NYSE:MTX) news were published by: Seekingalpha.com which released: "Minerals Technologies' (MTX) CEO Doug Dietrich on Q1 2017 Results - Earnings ..." on May 05, 2017, also Nasdaq.com with their article: "Minerals Technologies Inc". This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.28%.

Minerals Technologies has a payout ratio of 4.2% indicating that its dividend is sufficiently covered by earnings.

Investors sentiment decreased to 0.96 in 2016 Q4. Its down 0.29, from 1.2 in 2016Q3. It worsened, as 26 investors sold Alkermes Plc shares while 96 reduced holdings. 27 funds opened positions while 67 raised stakes. Cantab Cap Partners Llp has 0% invested in Minerals Technologies Inc (NYSE:MTX) for 33 shares. 156,243 are owned by Neuberger Berman Limited Liability. Its down 5.54% from 294,400 shares previously. Farr Miller & Washington Llc acquired 4,393 shares as Mcdonalds Corp (MCD)'s stock rose 15.92%. Lord Abbett And Lc owns 791,395 shares or 0.19% of their U.S. portfolio. Oakbrook Investments Limited Liability Company reported 0.01% of its portfolio in Minerals Technologies Inc (NYSE:MTX).

Minerals Tech Incorporated (NYSE:MTX) had a decrease of 5.54% in short interest. Fincl Bank Of Mellon accumulated 0.01% or 399,564 shares. Axa reported 0.03% stake. It also reduced its holding in Cbre Group Inc Cl A (NYSE:CBG) by 111,660 shares in the quarter, leaving it with 78,512 shares, and cut its stake in Select Med Hldgs Corp (NYSE:SEM). Texas Yale Capital stated it has 16,124 shares. Elkfork Partners LLC bought a new stake in shares of Minerals Technologies during the fourth quarter worth about $116,000. Invesco Ltd, a Georgia-based fund reported 487,109 shares. Therefore 65% are positive.

A number of equities research analysts recently commented on MTX shares. The stock of Minerals Technologies Inc (NYSE:MTX) earned "Sector Weight" rating by KeyBanc Capital Markets on Monday, September 19.

Minerals Technologies Inc. was upgraded to " by analysts at JP Morgan. On Thursday, May 12 the stock rating was downgraded by Wedbush to "Neutral". The firm earned "Neutral" rating on Friday, December 2 by JP Morgan. The stock of Minerals Technologies Inc (NYSE:MTX) has "Outperform" rating given on Tuesday, December 29 by Wedbush.

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