A number of other brokerages have also weighed in on MTX. Hauck & Aufhaeuser restated a “neutral” rating and issued a $242.00 price objective on shares of Minerals Technologies in a report on Monday, October 28th. Morgan Stanley restated a “sell” rating and issued a $165.00 price objective on shares of Minerals Technologies in a report on Friday, October 18th. Zacks Investment Research lowered shares of Minerals Technologies from a “hold” rating to a “sell” rating in a report on Friday, November 8th. Nord/LB restated a “neutral” rating and issued a $255.00 price objective on shares of Minerals Technologies in a report on Tuesday, October 29th. Finally, Berenberg Bank restated a “neutral” rating and issued a $245.00 price objective on shares of Minerals Technologies in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $233.67.
Shares of MTX traded up $0.22 during midday trading on Wednesday, reaching $53.85. The stock had a trading volume of 154,209 shares, compared to its average volume of 324,197. Minerals Technologies has a 1-year low of $45.26 and a 1-year high of $63.75. The company’s fifty day simple moving average is $52.33 and its two-hundred day simple moving average is $53.24. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 4.71 and a beta of 1.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.24 and a quick ratio of 1.62.
In other Minerals Technologies news, SVP Thomas J. Meek sold 7,502 shares of Minerals Technologies stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $45.90, for a total transaction of $344,341.80. Following the completion of the transaction, the senior vice president now owns 65,752 shares in the company, valued at $3,018,016.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas T. Dietrich bought 1,500 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were acquired at an average price of $47.99 per share, with a total value of $71,985.00. Following the transaction, the chief executive officer now owns 71,841 shares of the company’s stock, valued at approximately $3,447,649.59. The disclosure for this purchase can be found here. 2.50% of the stock is owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its stake in Minerals Technologies by 426,500.0% during the first quarter. FMR LLC now owns 8,532 shares of the basic materials company’s stock worth $501,000 after buying an additional 8,530 shares during the period. First Trust Advisors LP grew its stake in Minerals Technologies by 4.2% during the first quarter. First Trust Advisors LP now owns 33,348 shares of the basic materials company’s stock worth $1,961,000 after buying an additional 1,348 shares during the period. Denali Advisors LLC grew its stake in Minerals Technologies by 231.3% during the second quarter. Denali Advisors LLC now owns 15,100 shares of the basic materials company’s stock worth $808,000 after buying an additional 10,542 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Minerals Technologies during the second quarter worth approximately $417,000. Finally, Oregon Public Employees Retirement Fund grew its stake in Minerals Technologies by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 14,250 shares of the basic materials company’s stock worth $763,000 after buying an additional 201 shares during the period. Hedge funds and other institutional investors own 94.53% of the company’s stock.
Minerals Technologies Company Profile
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.
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