Minerals Technologies Inc. (NYSE:MTX) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Minerals Technologies Inc. (NYSE:MTX) from a sell rating to a hold rating in a report published on Friday, September 15th.

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. The Company has five reportable segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services. “

Several other analysts have also commented on MTX. ValuEngine lowered Minerals Technologies from a buy rating to a hold rating in a report on Tuesday, July 25th. BidaskClub lowered Minerals Technologies from a sell rating to a strong sell rating in a report on Saturday, June 17th.

Shares of Minerals Technologies (MTX) opened at 70.05 on Friday. The stock has a market capitalization of $2.46 billion, a P/E ratio of 15.93 and a beta of 2.21. The stock has a 50 day moving average of $65.42 and a 200-day moving average of $72.02. Minerals Technologies has a one year low of $62.55 and a one year high of $83.85.

Minerals Technologies (NYSE:MTX) last posted its earnings results on Thursday, August 3rd. The basic materials company reported $1.23 EPS for the quarter, missing the consensus estimate of $1.24 by ($0.01). Minerals Technologies had a return on equity of 15.04% and a net margin of 9.62%. The company had revenue of $414.10 million for the quarter, compared to analyst estimates of $427.21 million. Equities analysts forecast that Minerals Technologies will post $4.59 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which was paid on Thursday, September 7th. Stockholders of record on Friday, August 25th were given a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.20 annualized dividend and a dividend yield of 0.29%. Minerals Technologies’s dividend payout ratio (DPR) is presently 4.55%.

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Minerals Technologies by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,471 shares of the basic materials company’s stock worth $108,000 after buying an additional 125 shares in the last quarter. Elkfork Partners LLC lifted its position in Minerals Technologies by 7.4% during the first quarter. Elkfork Partners LLC now owns 1,606 shares of the basic materials company’s stock worth $123,000 after buying an additional 110 shares in the last quarter. Victory Capital Management Inc. lifted its position in Minerals Technologies by 41.5% during the first quarter. Victory Capital Management Inc. now owns 1,747 shares of the basic materials company’s stock worth $134,000 after buying an additional 512 shares in the last quarter. Meadow Creek Investment Management LLC lifted its position in Minerals Technologies by 7.4% during the first quarter. Meadow Creek Investment Management LLC now owns 2,044 shares of the basic materials company’s stock worth $157,000 after buying an additional 140 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its position in Minerals Technologies by 69.0% during the second quarter. Riverhead Capital Management LLC now owns 2,197 shares of the basic materials company’s stock worth $161,000 after buying an additional 897 shares in the last quarter. Hedge funds and other institutional investors own 94.41% of the company’s stock.

Minerals Technologies Company Profile

Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc.

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