Headlines about Minerals Technologies (NYSE:MTX) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Minerals Technologies earned a news impact score of 0.17 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 45.6721340788402 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several brokerages recently weighed in on MTX. Zacks Investment Research upgraded Minerals Technologies from a “sell” rating to a “hold” rating in a research note on Thursday, January 18th. ValuEngine downgraded Minerals Technologies from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. Minerals Technologies has a consensus rating of “Hold” and an average price target of $80.00.
Minerals Technologies (MTX) opened at $74.05 on Monday. The stock has a market capitalization of $2,623.96, a PE ratio of 13.54 and a beta of 2.28. The company has a quick ratio of 2.04, a current ratio of 2.75 and a debt-to-equity ratio of 0.75. Minerals Technologies has a fifty-two week low of $62.55 and a fifty-two week high of $80.50.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 8th. Stockholders of record on Friday, February 16th were issued a $0.05 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.20 annualized dividend and a dividend yield of 0.27%. Minerals Technologies’s dividend payout ratio (DPR) is presently 3.66%.
In other Minerals Technologies news, Director Joseph C. Breunig purchased 800 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was purchased at an average price of $69.36 per share, for a total transaction of $55,488.00. Following the purchase, the director now directly owns 1,200 shares in the company, valued at $83,232. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is owned by insiders.
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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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