Minerals Technologies Inc (NYSE:MTX) has been given a consensus recommendation of “Hold” by the six brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $53.50.

MTX has been the subject of a number of research reports. Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Sidoti initiated coverage on Minerals Technologies in a research report on Wednesday, April 8th. They set a “buy” rating for the company. JPMorgan Chase & Co. reduced their price objective on Minerals Technologies from $54.00 to $52.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. CL King raised Minerals Technologies from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Monday, May 4th. Finally, ValuEngine cut Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd.

Shares of Minerals Technologies stock traded up $2.93 during midday trading on Thursday, hitting $46.13. The company’s stock had a trading volume of 213,900 shares, compared to its average volume of 205,156. The firm has a market capitalization of $1.47 billion, a P/E ratio of 12.20, a PEG ratio of 2.78 and a beta of 1.80. The stock has a 50-day simple moving average of $47.24 and a 200-day simple moving average of $47.54. The company has a quick ratio of 1.69, a current ratio of 2.35 and a debt-to-equity ratio of 0.58. Minerals Technologies has a 1-year low of $27.28 and a 1-year high of $59.18.

Minerals Technologies (NYSE:MTX) last issued its earnings results on Thursday, April 30th. The basic materials company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.18. The business had revenue of $417.50 million during the quarter, compared to analysts’ expectations of $427.83 million. Minerals Technologies had a return on equity of 10.41% and a net margin of 7.47%. Minerals Technologies’s revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.11 earnings per share. As a group, sell-side analysts predict that Minerals Technologies will post 3.88 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 11th. Shareholders of record on Thursday, May 28th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.20 annualized dividend and a yield of 0.43%. Minerals Technologies’s dividend payout ratio (DPR) is currently 4.73%.

A number of hedge funds and other institutional investors have recently bought and sold shares of MTX. Norges Bank bought a new position in Minerals Technologies during the fourth quarter valued at about $25,366,000. Foundry Partners LLC bought a new position in shares of Minerals Technologies in the first quarter worth about $6,064,000. Franklin Resources Inc. increased its stake in shares of Minerals Technologies by 11.6% in the fourth quarter. Franklin Resources Inc. now owns 1,486,053 shares of the basic materials company’s stock worth $85,641,000 after purchasing an additional 154,045 shares during the period. Victory Capital Management Inc. increased its stake in shares of Minerals Technologies by 10.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,476,811 shares of the basic materials company’s stock worth $85,109,000 after purchasing an additional 142,757 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of Minerals Technologies by 487.1% in the first quarter. Deutsche Bank AG now owns 166,021 shares of the basic materials company’s stock worth $6,020,000 after purchasing an additional 137,744 shares during the period. Institutional investors own 95.74% of the company’s stock.

About Minerals Technologies

Minerals Technologies Inc develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc.

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