Minerals Technologies Inc. (NYSE:MTX) Receives $65.00 Consensus PT from Analysts

Minerals Technologies Inc. (NYSE:MTX) has received an average rating of “Buy” from the two research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a buy rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $65.00.

Separately, StockNews.com raised shares of Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Friday, October 11th.

Institutional Trading of Minerals Technologies

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Minerals Technologies by 0.7% during the first quarter. Vanguard Group Inc. now owns 3,738,256 shares of the basic materials company’s stock valued at $281,416,000 after buying an additional 25,056 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Minerals Technologies by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 2,296,727 shares of the basic materials company’s stock valued at $190,996,000 after purchasing an additional 15,563 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Minerals Technologies by 2.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 528,945 shares of the basic materials company’s stock valued at $43,987,000 after purchasing an additional 14,909 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Minerals Technologies by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 322,706 shares of the basic materials company’s stock valued at $26,836,000 after purchasing an additional 2,715 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in Minerals Technologies by 9.1% in the fourth quarter. Wellington Management Group LLP now owns 273,941 shares of the basic materials company’s stock worth $19,535,000 after purchasing an additional 22,857 shares during the period. 97.29% of the stock is owned by institutional investors.

Minerals Technologies Stock Up 1.5 %

Shares of MTX stock opened at $78.31 on Friday. The stock’s 50 day simple moving average is $74.39 and its 200 day simple moving average is $78.04. Minerals Technologies has a twelve month low of $49.83 and a twelve 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 company has a market capitalization of $2.53 billion, a price-to-earnings ratio of 27.10 and a beta of 1.30.

Minerals Technologies (NYSE:MTX) last released its quarterly earnings results on Thursday, July 25th. The basic materials company reported $1.65 EPS for the quarter, beating 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 company had revenue of $541.20 million for the quarter, compared to analyst estimates of $561.60 million. During the same quarter last year, the firm posted $1.31 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, research analysts predict that Minerals Technologies will post 6.22 EPS for the current year.

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.