Minerals Technologies (NYSE:MTX) Given New $101.00 Price Target at Truist Financial

Minerals Technologies (NYSE:MTX) had its target price cut by Truist Financial from $103.00 to $101.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

Separately, StockNews.com raised Minerals Technologies from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th.

Minerals Technologies Stock Down 0.7 %

Shares of MTX stock opened at $73.15 on Monday. Minerals Technologies has a 1-year low of $68.29 and a 1-year high of $90.29. The stock’s fifty day moving average price is $76.40 and its 200 day moving average price is $76.45. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.46 and a quick ratio of 1.72. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 14.12 and a beta of 1.30.

Minerals Technologies (NYSE:MTX) last issued its quarterly earnings results on Thursday, February 6th. The basic materials company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. Minerals Technologies had a return on equity of 11.61% and a net margin of 7.89%. On average, research analysts expect that Minerals Technologies will post 6.81 earnings per share for the current fiscal year.

Minerals Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Friday, February 14th will be given a dividend of $0.11 per share. The ex-dividend date is Friday, February 14th. This represents a $0.44 dividend on an annualized basis and a yield of 0.60%. Minerals Technologies’s dividend payout ratio is currently 8.49%.

Hedge Funds Weigh In On Minerals Technologies

Several institutional investors and hedge funds have recently modified their holdings of MTX. Smartleaf Asset Management LLC lifted its holdings in shares of Minerals Technologies by 181.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock valued at $38,000 after buying an additional 326 shares during the period. Blue Trust Inc. lifted its holdings in shares of Minerals Technologies by 2,418.2% in the 3rd quarter. Blue Trust Inc. now owns 831 shares of the basic materials company’s stock valued at $69,000 after buying an additional 798 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Minerals Technologies in the 4th quarter valued at about $78,000. KBC Group NV lifted its holdings in shares of Minerals Technologies by 43.9% in the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock valued at $113,000 after buying an additional 451 shares during the period. Finally, CWM LLC lifted its holdings in shares of Minerals Technologies by 40.6% in the 3rd quarter. CWM LLC now owns 1,870 shares of the basic materials company’s stock valued at $144,000 after buying an additional 540 shares during the period. Institutional investors and hedge funds own 97.29% of the company’s stock.

About Minerals Technologies

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.