About Minerals Technologies (NYSE:MTX)
Minerals Technologies Inc. develops, produces, and markets various specialty mineral, mineral-based, and synthetic mineral products, and supporting systems and services worldwide. The company's Specialty Minerals segment produces and sells precipitated calcium carbonate and quicklime; and provides natural mineral products comprising limestone and talc. This segment's products are used in paper, building materials, paint and coatings, glass, ceramic, polymer, food, automotive, and pharmaceutical industries. Its Performance Materials segment supplies bentonite and bentonite-related products, as well as chromite and leonardite. This segment offers metal casting products; household, personal care, and specialty products; and basic minerals, environmental products, and building materials. In addition, this segment provides products for non-residential construction, environmental, and infrastructure projects, as well as for construction project customers. It company's Refractories segment offers monolithic and shaped refractory materials; specialty products, services, and application and measurement equipment; and calcium metal and metallurgical wire products that are used in the applications of steel, non-ferrous metal, and glass industries. Its Energy Services segment provides offshore filtration and well testing services to the oil and gas industry. The company markets its products primarily through its direct sales force, as well as regional distributors. Minerals Technologies Inc. was founded in 1968 and is headquartered in New York City, New York.
Industry, Sector and Symbol
Industry Industrial inorganic chemicals
Sub-IndustrySpecialty Chemicals
SectorBasic Materials
SymbolNYSE:MTX
CUSIP60315810
Phone212-878-1800
Debt
Debt-to-Equity Ratio0.75%
Current Ratio2.75%
Quick Ratio2.04%
Price-To-Earnings
Trailing P/E Ratio15.81
Forward P/E Ratio14.77
P/E Growth1.77
Sales & Book Value
Annual Sales$1.68 billion
Price / Sales1.55
Cash Flow$7.3394 per share
Price / Cash9.96
Book Value$36.17 per share
Price / Book2.02
Profitability
EPS (Most Recent Fiscal Year)$4.59
Net Income$195.10 million
Net Margins11.64%
Return on Equity13.89%
Return on Assets5.55%
Miscellaneous
Employees3,657
Outstanding Shares35,440,000
Minerals Technologies (NYSE:MTX) Frequently Asked Questions
What is Minerals Technologies' stock symbol?
Minerals Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "MTX."
How often does Minerals Technologies pay dividends? What is the dividend yield for Minerals Technologies?
Minerals Technologies announced a quarterly dividend on Wednesday, January 24th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.05 per share on Thursday, March 8th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Thursday, February 15th. View Minerals Technologies' Dividend History.
How will Minerals Technologies' stock buyback program work?
Minerals Technologies announced that its Board of Directors has initiated a stock repurchase plan on Friday, September 22nd 2017, which allows the company to repurchase $150,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 6.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.
How were Minerals Technologies' earnings last quarter?
Minerals Technologies Inc. (NYSE:MTX) released its quarterly earnings data on Thursday, February, 1st. The basic materials company reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.01. The basic materials company earned $432.10 million during the quarter, compared to analyst estimates of $411.95 million. Minerals Technologies had a return on equity of 13.89% and a net margin of 11.64%. Minerals Technologies's revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.08 earnings per share. View Minerals Technologies' Earnings History.
When is Minerals Technologies' next earnings date?
Who are some of Minerals Technologies' key competitors?
Some companies that are related to Minerals Technologies include Kinross Gold (KGC), Vermilion Energy (VET), NewMarket (NEU), Lundin Mining (LUNMF), Linamar (LNR), Crescent Point Energy (CPG), Scotts Miracle-Gro (SMG), Bombardier Recreational Products (DOO), W. R. Grace and (GRA), K+S (SDF), ARC Resources (ARX), Valvoline (VVV), Ashland (ASH), Aperam (APEMY), John Wood Group (WG), AltaGas (ALA), Whitehaven Coal (WHC) and Buenaventura (BVN).
Who are Minerals Technologies' key executives?
Minerals Technologies' management team includes the folowing people:
- Mr. Douglas T. Dietrich, Chief Exec. Officer and Director (Age 49)
- Mr. Thomas J. Meek, Chief Compliance Officer, SVP - HR, Gen. Counsel and Corp. Sec. (Age 61)
- Mr. Jonathan J. Hastings, Sr. VP of Corp. Devel. (Age 55)
- Mr. D. J. Monagle III, Group Pres for Specialty Minerals and Refractories (Age 55)
- Mr. Gary L. Castagna, Group Pres of Performance Materials (Age 56)
Has Minerals Technologies been receiving favorable news coverage?
News articles about MTX stock have trended somewhat positive this week, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Minerals Technologies earned a media sentiment score of 0.23 on Accern's scale. They also assigned news articles about the basic materials company an impact score of 44.94 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
How do I buy shares of Minerals Technologies?
Shares of MTX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Minerals Technologies' stock price today?
One share of MTX stock can currently be purchased for approximately $73.10.
How big of a company is Minerals Technologies?
Minerals Technologies has a market capitalization of $2.54 billion and generates $1.68 billion in revenue each year. The basic materials company earns $195.10 million in net income (profit) each year or $4.59 on an earnings per share basis. Minerals Technologies employs 3,657 workers across the globe.
How can I contact Minerals Technologies?
Minerals Technologies' mailing address is 622 THIRD AVENUE, NEW YORK NY, 10017. The basic materials company can be reached via phone at 212-878-1800.
MarketBeat Community Rating for Minerals Technologies (MTX)
MarketBeat's community ratings are surveys of what our community members think about Minerals Technologies and other stocks. Vote "Outperform" if you believe MTX will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MTX will underperform the S&P 500 over the long term. You may vote once every thirty days.
Minerals Technologies (NYSE:MTX) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
1 Wall Street analysts have issued ratings and price targets for Minerals Technologies in the last 12 months. There are currently 1 hold rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Buy | Buy | Buy |
| Consensus Rating Score: | 2.00 | 2.50 | 2.50 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | N/A | $80.00 | $80.00 | $80.00 |
| Price Target Upside: | N/A | 12.60% upside | 12.60% upside | 9.07% upside |
Minerals Technologies (NYSE:MTX) Consensus Price Target History
Minerals Technologies (NYSE:MTX) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 11/6/2017 | KeyCorp | Reiterated Rating | Hold | | N/A |  |
| 3/24/2017 | JPMorgan Chase | Upgrade | Neutral -> Overweight | $80.00 -> $80.00 | High | |
| 5/26/2016 | Wedbush | Downgrade | Outperform -> Neutral | $62.00 | N/A | |
(Data available from 4/20/2016 forward)
Minerals Technologies (NYSE:MTX) Dividend Information
Minerals Technologies pays an annual dividend of $0.20 per share, with a dividend yield of 0.27%. MTX's most recent quarterly dividend payment was Thursday, March 8. Minerals Technologies pays out 4.36% of its earnings out as a dividend.
| Most Recent Dividend: | 3/8/2018 |
| Annual Dividend: | $0.20 |
| Dividend Yield: | 0.27% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 4.36% (Trailing 12 Months of Earnings)
4.04% (Based on This Year's Estimates)
3.66% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
Minerals Technologies (NYSE:MTX) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 1/24/2018 | quarterly | $0.05 | 0.3% | 2/15/2018 | 2/16/2018 | 3/8/2018 |
| 11/15/2017 | quarterly | $0.05 | 0.28% | 11/24/2017 | 11/27/2017 | 12/8/2017 |
| 7/19/2017 | quarterly | $0.05 | 0.27% | 8/23/2017 | 8/25/2017 | 9/7/2017 |
| 5/16/2017 | quarterly | $0.05 | 0.28% | 5/26/2017 | 5/31/2017 | 6/9/2017 |
| 1/18/2017 | quarterly | $0.05 | 0.26% | 2/15/2017 | 2/17/2017 | 3/9/2017 |
| 11/16/2016 | quarterly | $0.05 | 0.27% | 11/23/2016 | 11/28/2016 | 12/9/2016 |
| 7/21/2016 | quarterly | $0.05 | 0.31% | 8/24/2016 | 8/26/2016 | 9/8/2016 |
| 5/12/2016 | quarterly | $0.05 | 0.35% | 5/24/2016 | 5/26/2016 | 6/9/2016 |
| 1/21/2016 | quarterly | $0.05 | 0.53% | 2/17/2016 | 2/19/2016 | 3/10/2016 |
| 11/11/2015 | quarterly | $0.05 | 0.34% | 11/23/2015 | 11/25/2015 | 12/10/2015 |
| 7/16/2015 | quarterly | $0.05 | 0.31% | 8/25/2015 | 8/27/2015 | 9/10/2015 |
| 5/13/2015 | quarterly | $0.05 | 0.29% | 5/22/2015 | 5/27/2015 | 6/10/2015 |
| 1/22/2015 | quarterly | $0.05 | 0.32% | 2/18/2015 | 2/20/2015 | 3/11/2015 |
| 11/12/2014 | quarterly | $0.05 | 0.26% | 11/25/2014 | 11/28/2014 | 12/11/2014 |
| 7/16/2014 | quarterly | $0.05 | 0.32% | 8/26/2014 | 8/28/2014 | 9/11/2014 |
| 5/15/2014 | quarterly | $0.05 | 0.33% | 5/23/2014 | 5/28/2014 | 6/11/2014 |
| 1/22/2014 | quarterly | $0.05 | 0.34% | 2/19/2014 | 2/21/2014 | 3/12/2014 |
| 11/14/2013 | quarterly | $0.05 | 0.35% | 11/26/2013 | 11/29/2013 | 12/12/2013 |
| 7/18/2013 | quarterly | $0.05 | 0.44% | 8/27/2013 | 8/29/2013 | 9/12/2013 |
| 5/16/2013 | quarterly | $0.05 | 0.47% | 5/24/2013 | 5/29/2013 | 6/12/2013 |
| 1/23/2013 | quarterly | $0.05 | 0.49% | 2/20/2013 | 2/22/2013 | 3/13/2013 |
(Data available from 1/1/2013 forward)
Minerals Technologies (NYSE MTX) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 2.40%
Institutional Ownership Percentage: 96.01%
Minerals Technologies (NYSE MTX) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/7/2018 | Joseph C Breunig | Director | Buy | 800 | $69.36 | $55,488.00 | 1,200 | |
| 9/26/2017 | Dj Monagle III | Insider | Sell | 25,639 | $70.03 | $1,795,499.17 | 39,579 | |
| 2/15/2017 | Douglas W Mayger | Insider | Sell | 790 | $79.08 | $62,473.20 | 31,554 | |
| 2/10/2017 | Douglas W Mayger | Insider | Sell | 7,373 | $78.18 | $576,421.14 | 31,355 | |
| 11/14/2016 | Michael Cipolla | VP | Sell | 3,500 | $74.35 | $260,225.00 | 21,414 | |
| 8/31/2016 | Jonathan J Hastings | Insider | Sell | 7,606 | $70.85 | $538,885.10 | 18,565 | |
| 8/23/2016 | Douglas W Mayger | Insider | Sell | 3,972 | $70.39 | $279,589.08 | 30,617 | |
| 8/23/2016 | Patrick Carpenter | VP | Sell | 3,648 | $70.77 | $258,168.96 | | |
| 8/22/2016 | Patrick Carpenter | VP | Sell | 5,467 | $70.57 | $385,806.19 | | |
| 8/18/2016 | Douglas W Mayger | VP | Sell | 2,825 | $70.77 | $199,925.25 | 26,585 | |
| 8/9/2016 | Douglas T Dietrich | CFO | Sell | 11,080 | $69.21 | $766,846.80 | 46,779 | |
| 8/9/2016 | Michael Cipolla | VP | Sell | 8,267 | $69.21 | $572,159.07 | 27,181 | |
| 6/27/2016 | Rick Honey | VP | Sell | 6,811 | $52.95 | $360,642.45 | | |
| 2/16/2016 | Michael Cipolla | VP | Sell | 170 | $44.46 | $7,558.20 | 22,181 | |
| 2/10/2016 | Johannes C. Schut | VP | Sell | 9,090 | $44.68 | $406,141.20 | 15,045 | |
| 9/4/2015 | Charles Edgar Fipke | Director | Buy | 11,900,000 | $0.05 | $595,000.00 | | |
| 2/17/2015 | Douglas W Mayger | SVP | Sell | 3,623 | $71.39 | $258,645.97 | | |
| 3/22/2013 | Steven J Golub | Director | Sell | 5,000 | $42.23 | $211,150.00 | | |
(Data available from 1/1/2013 forward)
Minerals Technologies (NYSE MTX) News Headlines
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Minerals Technologies (NYSE:MTX) SEC Filings
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Minerals Technologies (NYSE:MTX) Income Statement, Balance Sheet and Cash Flow Statement
Minerals Technologies (NYSE MTX) Stock Chart for Friday, April, 20, 2018
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