Minerals Technologies Inc. (NYSE:MTX) Receives Consensus Rating of “Buy” from Brokerages

Minerals Technologies Inc. (NYSE:MTX) has been given an average recommendation of “Buy” by the one research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a buy rating.

MTX has been the subject of several research reports. Truist Financial initiated coverage on Minerals Technologies in a research report on Tuesday. They issued a “buy” rating and a $103.00 target price for the company. StockNews.com lowered shares of Minerals Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th.

Hedge Funds Weigh In On Minerals Technologies

A number of hedge funds have recently made changes to their positions in MTX. Guidance Capital Inc. acquired a new stake in Minerals Technologies during the 4th quarter valued at approximately $462,000. KBC Group NV boosted its stake in shares of Minerals Technologies by 43.9% in the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock valued at $113,000 after purchasing an additional 451 shares during the last quarter. Blue Trust Inc. increased its position in shares of Minerals Technologies by 21.4% during the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock worth $78,000 after buying an additional 178 shares during the period. SG Americas Securities LLC bought a new position in Minerals Technologies during the fourth quarter worth $145,000. Finally, Diversified Trust Co boosted its position in Minerals Technologies by 7.7% during the fourth quarter. Diversified Trust Co now owns 11,774 shares of the basic materials company’s stock valued at $897,000 after acquiring an additional 841 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors.

Minerals Technologies Stock Up 0.5 %

Shares of MTX opened at $76.32 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.72 and a current ratio of 2.46. Minerals Technologies has a 52 week low of $64.91 and a 52 week high of $90.29. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 16.17 and a beta of 1.31. The stock has a fifty day moving average of $77.91 and a 200-day moving average of $77.36.

Minerals Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be given a $0.11 dividend. The ex-dividend date is Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.58%. Minerals Technologies’s dividend payout ratio (DPR) is presently 9.32%.

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.