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

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. “

Separately, JPMorgan Chase & Co. lowered shares of Minerals Technologies from an overweight rating to a neutral rating and set a $76.00 price target on the stock. in a report on Friday, December 2nd. They noted that the move was a valuation call.

Shares of Minerals Technologies (NYSE:MTX) opened at 76.60 on Tuesday. The company has a market capitalization of $2.68 billion, a PE ratio of 20.21 and a beta of 2.04. Minerals Technologies has a 52 week low of $51.29 and a 52 week high of $83.85. The company has a 50 day moving average price of $74.89 and a 200 day moving average price of $75.79.

Minerals Technologies (NYSE:MTX) last posted its quarterly earnings results on Thursday, February 2nd. The basic materials company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.05 by $0.03. Minerals Technologies had a net margin of 8.14% and a return on equity of 15.57%. The company had revenue of $401.30 million for the quarter, compared to analyst estimates of $393.05 million. During the same period in the prior year, the company earned $1.00 earnings per share. The firm’s revenue was down 6.7% on a year-over-year basis. On average, equities research analysts expect that Minerals Technologies will post $4.75 earnings per share for the current year.

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In other Minerals Technologies news, insider Douglas W. Mayger sold 790 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $79.08, for a total value of $62,473.20. Following the completion of the transaction, the insider now owns 31,554 shares in the company, valued at $2,495,290.32. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Douglas W. Mayger sold 7,373 shares of the company’s stock in a transaction dated Friday, February 10th. The stock was sold at an average price of $78.18, for a total transaction of $576,421.14. Following the completion of the transaction, the insider now owns 31,355 shares of the company’s stock, valued at approximately $2,451,333.90. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp increased its position in shares of Minerals Technologies by 1.5% in the third quarter. Northern Trust Corp now owns 1,099,348 shares of the basic materials company’s stock worth $77,713,000 after buying an additional 16,640 shares during the period. BlackRock Fund Advisors increased its position in Minerals Technologies by 6.1% in the third quarter. BlackRock Fund Advisors now owns 1,878,323 shares of the basic materials company’s stock valued at $132,779,000 after buying an additional 107,864 shares during the period. Citadel Advisors LLC increased its position in Minerals Technologies by 24.0% in the third quarter. Citadel Advisors LLC now owns 40,608 shares of the basic materials company’s stock valued at $2,871,000 after buying an additional 7,852 shares during the period. BlackRock Investment Management LLC increased its position in Minerals Technologies by 0.4% in the third quarter. BlackRock Investment Management LLC now owns 222,015 shares of the basic materials company’s stock valued at $15,694,000 after buying an additional 982 shares during the period. Finally, Wells Fargo & Company MN increased its position in Minerals Technologies by 41.1% in the third quarter. Wells Fargo & Company MN now owns 23,309 shares of the basic materials company’s stock valued at $1,647,000 after buying an additional 6,788 shares during the period. Institutional investors and hedge funds own 96.28% of the company’s stock.

Minerals Technologies Company Profile

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 supporting systems and services around the world. It operates through five segments. The Specialty Minerals produces and sells the synthetic mineral product precipitated calcium carbonate (PCC) and processed mineral product quicklime (lime).

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