Zacks Investment Research upgraded shares of Minerals Technologies (NYSE:MTX) from a sell rating to a hold rating in a research note issued to investors on Thursday.

According to Zacks, “Minerals Technologies Inc. is a resource- and technology-based company that develops, produces and markets worldwide a broad range of specialty mineral, mineral-based and synthetic mineral products and related systems and services. The Company has five reportable segments: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services. “

Several other equities research analysts have also recently commented on MTX. ValuEngine raised Minerals Technologies from a hold rating to a buy rating in a research note on Thursday, January 4th. KeyCorp reaffirmed a hold rating on shares of Minerals Technologies in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $80.00.

Minerals Technologies (NYSE MTX) traded up $1.70 during midday trading on Thursday, reaching $76.75. The company had a trading volume of 197,805 shares, compared to its average volume of 167,887. Minerals Technologies has a fifty-two week low of $62.55 and a fifty-two week high of $83.85. The firm has a market capitalization of $2,714.42, a PE ratio of 16.79 and a beta of 2.26. The company has a quick ratio of 1.98, a current ratio of 2.66 and a debt-to-equity ratio of 0.82.

Minerals Technologies (NYSE:MTX) last released its earnings results on Thursday, November 2nd. The basic materials company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.17 by $0.02. Minerals Technologies had a return on equity of 14.59% and a net margin of 9.48%. The business had revenue of $424.40 million during the quarter, compared to analysts’ expectations of $404.80 million. During the same quarter last year, the firm posted $1.17 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. sell-side analysts predict that Minerals Technologies will post 4.57 earnings per share for the current year.

A number of large investors have recently made changes to their positions in MTX. Schwab Charles Investment Management Inc. boosted its holdings in Minerals Technologies by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 197,748 shares of the basic materials company’s stock worth $14,476,000 after acquiring an additional 4,180 shares in the last quarter. Legal & General Group Plc boosted its holdings in Minerals Technologies by 20.4% in the second quarter. Legal & General Group Plc now owns 26,986 shares of the basic materials company’s stock worth $1,975,000 after acquiring an additional 4,566 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Minerals Technologies by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,054 shares of the basic materials company’s stock worth $150,000 after acquiring an additional 307 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Minerals Technologies by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,471 shares of the basic materials company’s stock worth $108,000 after acquiring an additional 125 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Minerals Technologies by 6.1% in the second quarter. Principal Financial Group Inc. now owns 163,887 shares of the basic materials company’s stock worth $11,996,000 after acquiring an additional 9,384 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

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About Minerals Technologies

Minerals Technologies Inc is a resource- and technology-based company that develops, produces and markets a range of specialty mineral, mineral-based and synthetic mineral products and related systems and services around the world. It operates through four segments. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate (PCC), mines mineral ores, and processes and sells natural mineral products, primarily limestone and talc.

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