Minerals Technologies Stock Price, News & Analysis (NYSE:MTX)

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Minerals Technologies in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MTX shares.
View MTX analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 1 year target prices for Minerals Technologies' shares. Their MTX share price targets range from $65.00 to $72.00. On average, they anticipate the company's share price to reach $68.50 in the next twelve months. This suggests a possible upside of 7.9% 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 2023. Since then, MTX shares have increased by 4.5% and is now trading at $63.47.
View the best growth stocks for 2023 here.

Minerals Technologies saw a increase in short interest in November. As of November 15th, there was short interest totaling 405,600 shares, an increase of 98.7% from the October 31st total of 204,100 shares. Based on an average trading volume of 170,800 shares, the short-interest ratio is presently 2.4 days. Approximately 1.3% of the company's shares are short sold.
View Minerals Technologies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our MTX earnings forecast.

Minerals Technologies Inc. (NYSE:MTX) announced its earnings results on Thursday, October, 26th. The basic materials company reported $1.49 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.18. The basic materials company had revenue of $547.80 million for the quarter, compared to analyst estimates of $551.85 million. Minerals Technologies had a net margin of 2.99% and a trailing twelve-month return on equity of 9.15%. The company's quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 EPS.

Minerals Technologies announced a quarterly dividend on Wednesday, October 18th. Investors of record on Wednesday, November 1st will be given a dividend of $0.10 per share on Thursday, December 7th. This represents a $0.40 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Tuesday, October 31st. This is an increase from the stock's previous quarterly dividend of $0.05.
Read our dividend analysis for MTX.

Minerals Technologies (NYSE:MTX) pays an annual dividend of $0.40 per share and currently has a dividend yield of 0.62%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTX will have a dividend payout ratio of 6.72% next year. This indicates that the company will be able to sustain or increase its dividend.
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) and FMC Excelsior Focus Equity ETF (FMCX).SPDR S&P 600 Small Cap ETF (SLY).

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' stock is owned by many different retail and institutional investors. Top institutional investors include Victory Capital Management Inc. (5.34%), American Century Companies Inc. (3.82%), Boston Trust Walden Corp (1.97%), William Blair Investment Management LLC (1.74%), Northern Trust Corp (1.55%) and Allspring Global Investments Holdings LLC (1.45%). 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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