Minerals Technologies (MTX) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Minerals Technologies in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MTX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MTX, but not buy additional shares or sell existing shares.
View MTX analyst ratings or view top-rated stocks.

3 brokerages have issued 12 month price objectives for Minerals Technologies' stock. Their MTX share price forecasts range from $70.00 to $70.00. On average, they expect the company's share price to reach $70.00 in the next year. This suggests a possible upside of 19.7% from the stock's current price.
View analysts price targets for MTX or view top-rated stocks among Wall Street analysts.

Minerals Technologies' stock was trading at $60.72 at the beginning of the year. Since then, MTX stock has decreased by 3.7% and is now trading at $58.48.
View the best growth stocks for 2023 here.

Minerals Technologies saw a decrease in short interest in May. As of May 15th, there was short interest totaling 279,800 shares, a decrease of 17.3% from the April 30th total of 338,200 shares. Based on an average trading volume of 159,900 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.9% of the shares of the company are sold short.
View Minerals Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our MTX earnings forecast.

Minerals Technologies Inc. (NYSE:MTX) announced its quarterly earnings data on Thursday, April, 27th. The basic materials company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.09. The basic materials company had revenue of $546 million for the quarter, compared to the consensus estimate of $527.73 million. Minerals Technologies had a trailing twelve-month return on equity of 9.53% and a net margin of 5.36%. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.36 earnings per share.

Minerals Technologies declared a quarterly dividend on Tuesday, May 16th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.05 per share on Thursday, June 15th. This represents a $0.20 annualized dividend and a yield of 0.34%. The ex-dividend date is Wednesday, May 31st.
Read our dividend analysis for MTX.

ETFs with the largest weight of Minerals Technologies (NYSE:MTX) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), Qraft AI-Enhanced Next Value ETF (NVQ), First Trust Small Cap Value AlphaDEX Fund (FYT), SPDR S&P 600 Small CapValue ETF (SLYV), iShares US Small Cap Value Factor ETF (SVAL), iShares S&P Small-Cap 600 Value ETF (IJS), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and Dimensional US Small Cap Value ETF (DFSV).

Minerals Technologies (NYSE:MTX) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.36%. The dividend payout ratio is 5.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTX will have a dividend payout ratio of 3.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MTX.

4 employees have rated Minerals Technologies Chief Executive Officer ​Douglas T. Dietrich on Glassdoor.com. ​Douglas T. Dietrich has an approval rating of 29% among the company's employees. This puts ​Douglas T. Dietrich in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Minerals Technologies investors own include AT&T (T), AbbVie (ABBV), Carnival Co. & (CCL), Cisco Systems (CSCO), CVS Health (CVS), Gilead Sciences (GILD), Altria Group (MO), Omega Healthcare Investors (OHI), Pfizer (PFE) and Skyworks Solutions (SWKS).

Minerals Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTX."

Minerals Technologies' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (16.24%), Dimensional Fund Advisors LP (7.19%), Macquarie Group Ltd. (5.85%), Victory Capital Management Inc. (4.72%), State Street Corp (3.80%) and Franklin Resources Inc. (3.48%). Insiders that own company stock include Andrew M Jones, Brett Argirakis, Dj Monagle III, Douglas T Dietrich, Douglas W Mayger, Jonathan J Hastings, Michael Cipolla, Rocky Motwani and Thomas J Meek.
View institutional ownership trends.

Shares of MTX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MTX stock can currently be purchased for approximately $58.48.

Minerals Technologies (NYSE:MTX) has a market capitalization of $1.90 billion and generates $2.13 billion in revenue each year. The basic materials company earns $122.20 million in net income (profit) each year or $3.53 on an earnings per share basis.

The company employs 4,070 workers across the globe.

Minerals Technologies' mailing address is 622 THIRD AVENUE, NEW YORK NY, 10017. The official website for the company is www.mineralstech.com. The basic materials company can be reached via phone at (212) 878-1800 or via fax at 212-878-1802.