Minerals Technologies - MTX Stock Forecast, Price & News

4 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 and 1 buy rating 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.

4 brokerages have issued 12 month price targets for Minerals Technologies' stock. Their MTX share price forecasts range from $70.00 to $87.00. On average, they anticipate the company's stock price to reach $77.33 in the next year. This suggests a possible upside of 22.5% from the stock's current price.
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Minerals Technologies' stock was trading at $60.72 at the start of the year. Since then, MTX stock has increased by 4.0% and is now trading at $63.15.
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Minerals Technologies saw a decline in short interest in the month of December. As of December 30th, there was short interest totaling 383,200 shares, a decline of 22.2% from the December 15th total of 492,800 shares. Based on an average daily trading volume, of 156,900 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.2% of the company's shares are sold short.
View Minerals Technologies' Short Interest.

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

Minerals Technologies Inc. (NYSE:MTX) released its earnings results on Friday, February, 3rd. The basic materials company reported $0.67 EPS for the quarter, missing the consensus estimate of $1.19 by $0.52. The basic materials company earned $507.60 million during the quarter, compared to analysts' expectations of $516.83 million. Minerals Technologies had a net margin of 5.76% and a trailing twelve-month return on equity of 10.20%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 earnings per share.

Minerals Technologies declared a quarterly dividend on Wednesday, January 25th. Shareholders of record on Thursday, February 16th will be given a dividend of $0.05 per share on Thursday, March 9th. This represents a $0.20 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Wednesday, February 15th.
Read our dividend analysis for MTX.

Minerals Technologies (NYSE:MTX) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.28%. The dividend payout ratio is 5.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MTX will have a dividend payout ratio of 2.82% 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 Boston Trust Walden Corp (1.73%), Allspring Global Investments Holdings LLC (1.15%), Ceredex Value Advisors LLC (0.80%), New York State Teachers Retirement System (0.22%), Foundry Partners LLC (0.19%) and Yousif Capital Management LLC (0.06%). 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 and Thomas J Meek.
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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 $63.15.

Minerals Technologies (NYSE:MTX) has a market capitalization of $2.05 billion and generates $2.13 billion in revenue each year. The basic materials company earns $164.40 million in net income (profit) each year or $3.72 on an earnings per share basis.

The company employs 3,961 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.