Minerals Technologies (MTX) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Minerals Technologies in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 Wall Street analysts have issued 1-year price objectives for Minerals Technologies' shares. Their MTX share price forecasts range from $70.00 to $72.00. On average, they predict the company's stock price to reach $71.00 in the next twelve months. This suggests a possible upside of 29.8% 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 9.9% and is now trading at $54.68.
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Minerals Technologies saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 302,800 shares, an increase of 20.6% from the August 15th total of 251,100 shares. Based on an average daily trading volume, of 161,300 shares, the days-to-cover ratio is presently 1.9 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, October 26th 2023.
View our MTX earnings forecast.

Minerals Technologies Inc. (NYSE:MTX) issued its quarterly earnings data on Thursday, July, 27th. The basic materials company reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.04. The basic materials company earned $551.50 million during the quarter, compared to the consensus estimate of $564.70 million. Minerals Technologies had a net margin of 4.52% and a trailing twelve-month return on equity of 9.00%.

Minerals Technologies announced a quarterly dividend on Wednesday, July 19th. Investors of record on Friday, August 18th will be given a dividend of $0.05 per share on Friday, September 8th. This represents a $0.20 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, August 17th.
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).

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 6.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTX will have a dividend payout ratio of 3.30% 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 shareholders include BlackRock Inc. (16.05%), Dimensional Fund Advisors LP (7.01%), Victory Capital Management Inc. (5.02%), State Street Corp (3.79%), Geode Capital Management LLC (2.11%) and Snyder Capital Management L P (2.03%). 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 $54.68.

Minerals Technologies (NYSE:MTX) has a market capitalization of $1.78 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 $2.99 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.