Minerals Technologies - MTX Stock Forecast, Price & News

3 Wall Street 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 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.
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3 brokerages have issued 12-month target prices for Minerals Technologies' shares. Their MTX share price forecasts range from $70.00 to $70.00. On average, they anticipate the company's share price to reach $70.00 in the next twelve months. This suggests a possible upside of 23.1% 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 stock has decreased by 6.3% and is now trading at $56.87.
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Minerals Technologies saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 343,300 shares, a decrease of 15.3% from the February 13th total of 405,400 shares. Based on an average daily trading volume, of 157,300 shares, the short-interest ratio is presently 2.2 days. Approximately 1.1% of the company's shares are short sold.
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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 quarterly earnings results on Friday, February, 3rd. The basic materials company reported $0.67 EPS for the quarter, missing analysts' consensus estimates of $1.19 by $0.52. The basic materials company earned $507.60 million during the quarter, compared to the consensus estimate of $516.83 million. Minerals Technologies had a net margin of 5.76% and a trailing twelve-month return on equity of 10.13%. The business's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.25 earnings per share.

Minerals Technologies announced a quarterly dividend on Wednesday, January 25th. Stockholders of record on Thursday, February 16th will be paid a dividend of $0.05 per share on Thursday, March 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date is Wednesday, February 15th.
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), Newday Ocean Health ETF (AHOY), Qraft AI-Enhanced Next Value ETF (NVQ), Distillate Small/Mid Cash Flow ETF (DSMC), First Trust Small Cap Value AlphaDEX Fund (FYT), SPDR S&P 600 Small CapValue ETF (SLYV), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and iShares S&P Small-Cap 600 Value ETF (IJS).

Minerals Technologies (NYSE:MTX) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.35%. 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 3.29% 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 many different institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.06%), Macquarie Group Ltd. (5.78%), Franklin Resources Inc. (5.27%), Morgan Stanley (4.11%), Victory Capital Management Inc. (3.76%) and Victory Capital Management Inc. (3.75%). 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.
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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 $56.87.

Minerals Technologies (NYSE:MTX) has a market capitalization of $1.85 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 $3.72 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.