Minerals Technologies Inc (NYSE:MTX) has been given a consensus recommendation of “Hold” by the five analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $65.00.
Several equities research analysts have recently weighed in on MTX shares. Zacks Investment Research raised Minerals Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday. ValuEngine lowered Minerals Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th.
Several institutional investors have recently made changes to their positions in the stock. Millennium Management LLC boosted its position in shares of Minerals Technologies by 28.5% during the 3rd quarter. Millennium Management LLC now owns 78,990 shares of the basic materials company’s stock valued at $4,193,000 after purchasing an additional 17,506 shares in the last quarter. Man Group plc boosted its position in shares of Minerals Technologies by 61.7% during the 3rd quarter. Man Group plc now owns 16,874 shares of the basic materials company’s stock valued at $895,000 after purchasing an additional 6,441 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of Minerals Technologies by 136.0% during the 3rd quarter. Squarepoint Ops LLC now owns 30,168 shares of the basic materials company’s stock valued at $1,602,000 after purchasing an additional 17,387 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Minerals Technologies by 1.3% during the 3rd quarter. California State Teachers Retirement System now owns 54,899 shares of the basic materials company’s stock valued at $2,915,000 after purchasing an additional 704 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of Minerals Technologies by 34.1% during the 3rd quarter. Stifel Financial Corp now owns 48,181 shares of the basic materials company’s stock valued at $2,558,000 after purchasing an additional 12,252 shares in the last quarter. Institutional investors own 95.29% of the company’s stock.
Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, October 31st. The basic materials company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.05. The company had revenue of $449.30 million during the quarter, compared to analysts’ expectations of $449.43 million. Minerals Technologies had a return on equity of 11.08% and a net margin of 8.16%. The business’s quarterly revenue was down 3.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 earnings per share. Equities research analysts predict that Minerals Technologies will post 4.21 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Monday, November 4th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 1st. This represents a $0.20 annualized dividend and a dividend yield of 0.36%. Minerals Technologies’s payout ratio is 4.13%.
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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