Dividend Coverage: $0.05 dividends just around the corner for Minerals Technologies Inc. (NYSE:MTX) shareholders.

Dividend Coverage: $0.05 dividends just around the corner for Minerals Technologies Inc. (NYSE:MTX) shareholders.

Minerals Technologies Inc. (NYSE:MTX) is expected to pay $0.05 on Dec 9, 2016. The indicated annual dividend is $0.20. Shareholders owning the stock before Nov 23, 2016 will be eligible to receive the payout. Based on Minerals Technologies Inc.’s current price of $79.05, the dividend is 0.06%. This dividend’s record date is Nov 28, 2016 and the announcement date is Nov 16, 2016. The stock increased 2.53% or $1.95 during the last trading session, hitting $79.05. Minerals Technologies Inc (NYSE:MTX) has risen 31.75% since April 20, 2016 and is uptrending. It has outperformed by 27.19% the S&P500.

Minerals Technologies Inc. is a resource-and technology firm that develops, produces and markets worldwide a range of specialty mineral, mineral and synthetic mineral products and related systems and services. The company has a market cap of $2.85 billion. It has five divisions. It has a 24.42 P/E ratio. The Specialty Minerals, Performance Materials, and Construction Technologies divisions produce and sell products and technologies based primarily upon the mineral products calcium carbonate, bentonite, talc, chromite and leonardite.

Insitutional Activity: The institutional sentiment increased to 1.18 in Q2 2016. Its up 0.03, from 1.15 in 2016Q1. The ratio increased, as 14 funds sold all Minerals Technologies Inc shares owned while 66 reduced positions. 19 funds bought stakes while 73 increased positions. They now own 32.85 million shares or 0.97% less from 33.17 million shares in 2016Q1.
Assetmark Inc reported 138 shares or 0% of all its holdings. New York State Teachers Retirement System owns 74,540 shares or 0.01% of their US portfolio. Smithfield Trust holds 0% or 100 shares in its portfolio. Skyline Asset Management Limited Partnership, a Illinois-based fund reported 307,700 shares. Ameritas Invest Prns has invested 0.03% of its portfolio in Minerals Technologies Inc (NYSE:MTX). Rhumbline Advisers, a Massachusetts-based fund reported 77,462 shares. Moreover, Teachers Retirement Sys Of The State Of Kentucky has 0.01% invested in Minerals Technologies Inc (NYSE:MTX) for 9,500 shares. Schwab Charles Investment Management reported 164,740 shares or 0.01% of all its holdings. Bessemer Grp Inc Inc has 0% invested in the company for 2,027 shares. Denver Invest Advsr Ltd Limited Liability Company has invested 0.74% of its portfolio in Minerals Technologies Inc (NYSE:MTX). Blair William Communications Il last reported 0.02% of its portfolio in the stock. Aperio Gru Limited Liability Company owns 8,941 shares or 0% of their US portfolio. Legal & General Grp Plc has 0% invested in the company for 9,282 shares. American National Tx has 0.17% invested in the company for 51,540 shares. Blackrock Fund Advsr owns 1.77M shares or 0.02% of their US portfolio.

Insider Transactions: Since June 20, 2016, the stock had 0 insider buys, and 10 selling transactions for $4.18 million net activity. MAYGER DOUGLAS W also sold $199,925 worth of Minerals Technologies Inc (NYSE:MTX) on Thursday, August 18. On Monday, August 22 Carpenter Patrick sold $385,806 worth of the stock or 5,467 shares. DIETRICH DOUGLAS T sold 11,080 shares worth $766,861. On Tuesday, August 30 the insider Hastings Jonathan J sold $538,851. The insider CIPOLLA MICHAEL sold 3,500 shares worth $260,225. HONEY RICK sold $360,637 worth of Minerals Technologies Inc (NYSE:MTX) on Monday, June 20. Shares for $559,153 were sold by MONAGLE DJ III on Tuesday, August 23.

Minerals Technologies Inc (NYSE:MTX) Ratings Coverage

Out of 2 analysts covering Minerals Technologies (NYSE:MTX), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Minerals Technologies has been the topic of 5 analyst reports since August 31, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Tuesday, December 29 by Wedbush. The company was downgraded on Monday, September 19 by KeyBanc Capital Markets. The firm has “Outperform” rating by Wedbush given on Monday, August 31. KeyBanc Capital Markets upgraded Minerals Technologies Inc (NYSE:MTX) on Tuesday, October 13 to “Overweight” rating. The stock of Minerals Technologies Inc (NYSE:MTX) has “Neutral” rating given on Thursday, May 12 by Wedbush.

MTX Company Profile

Minerals Technologies Inc. is a resource- and technology firm that develops, produces and markets worldwide a broad range of specialty mineral, mineral and synthetic mineral products and related systems and services. The firm has five reportable divisions: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services.

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