December 1, 2016 - By Louis Casey · 0 Comments
Minerals Technologies Inc (NYSE:MTX) institutional sentiment increased to 1.18 in 2016 Q2. Its up 0.03, from 1.15 in 2016Q1. The ratio increased, as 92 investment managers increased and started new equity positions, while 80 reduced and sold equity positions in Minerals Technologies Inc. The investment managers in our partner’s database now own: 32.85 million shares, down from 33.17 million shares in 2016Q1. Also, the number of investment managers holding Minerals Technologies Inc in their top 10 equity positions increased from 1 to 3 for an increase of 2. Sold All: 14 Reduced: 66 Increased: 73 New Position: 19.
Minerals Technologies Inc. is a resource-and technology firm that develops, produces and markets worldwide a range of specialty mineral, mineral and synthetic mineral products and related systems and services. The company has a market cap of $2.88 billion. It has five divisions. It has a 25.03 P/E ratio. The Specialty Minerals, Performance Materials, and Construction Technologies divisions produce and sell products and technologies based primarily upon the mineral products calcium carbonate, bentonite, talc, chromite and leonardite.
It is down 34.89% since April 28, 2016 and is uptrending. It has outperformed by 28.96% the S&P500.
Analysts await Minerals Technologies Inc (NYSE:MTX) to report earnings on February, 2. They expect $1.07 EPS, up 7.00% or $0.07 from last year’s $1 per share. MTX’s profit will be $38.04 million for 18.93 P/E if the $1.07 EPS becomes a reality. After $1.17 actual EPS reported by Minerals Technologies Inc for the previous quarter, Wall Street now forecasts -8.55% negative EPS growth.
According to Zacks Investment Research, “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.”
Lapides Asset Management Llc holds 4.3% of its portfolio in Minerals Technologies Inc for 409,500 shares. New Amsterdam Partners Llc Ny owns 193,867 shares or 2.67% of their US portfolio. Moreover, Kimelman & Baird Llc has 1.77% invested in the company for 170,617 shares. The New York-based Stone Run Capital Llc has invested 1.75% in the stock. Fieldpoint Private Advisors Inc, a New York-based fund reported 42,970 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider buys, and 10 sales for $4.18 million net activity.
Ratings analysis reveals 0 of Minerals Technologies’s analysts are positive. Out of 2 Wall Street analysts rating Minerals Technologies, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $66 while the high is $70. The stock’s average target of $66 is -18.52% below today’s ($81) share price. MTX was included in 5 notes of analysts from August 31, 2015. The rating was upgraded by KeyBanc Capital Markets on Tuesday, October 13 to “Overweight”. The stock of Minerals Technologies Inc (NYSE:MTX) earned “Outperform” rating by Wedbush on Monday, August 31. Wedbush maintained it with “Outperform” rating and $66 target price in Tuesday, December 29 report. The rating was downgraded by KeyBanc Capital Markets on Monday, September 19 to “Sector Weight”. The firm has “Neutral” rating given on Thursday, May 12 by Wedbush.
Minerals Technologies Inc. is a resource- and technology firm that develops, produces and markets worldwide a broad range of specialty mineral, mineral and synthetic mineral products and related systems and services. The firm has five reportable divisions: Specialty Minerals, Refractories, Performance Materials, Construction Technologies and Energy Services.
Another recent and important Minerals Technologies Inc (NYSE:MTX) news was published by Nasdaq.com which published an article titled: “Minerals Technologies Inc. (MTX) Ex-Dividend Date Scheduled for November 23, 2016” on November 22, 2016.
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By Louis Casey