Minerals Technologies (NYSE:MTX) Coverage Initiated by Analysts at Truist Financial

Equities researchers at Truist Financial initiated coverage on shares of Minerals Technologies (NYSE:MTX - Get Free Report) in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm set a "buy" rating and a $103.00 price target on the basic materials company's stock. Truist Financial's target price suggests a potential upside of 34.48% from the company's previous close.

Separately, StockNews.com downgraded shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, October 30th.

Minerals Technologies Stock Performance

Shares of NYSE MTX traded down $0.66 during midday trading on Tuesday, reaching $76.59. The company had a trading volume of 81,746 shares, compared to its average volume of 138,182. The stock has a market cap of $2.44 billion, a P/E ratio of 16.23 and a beta of 1.31. The company has a current ratio of 2.46, a quick ratio of 1.72 and a debt-to-equity ratio of 0.51. The business's 50-day simple moving average is $77.63 and its 200 day simple moving average is $77.24. Minerals Technologies has a 1 year low of $64.91 and a 1 year high of $90.29.

Institutional Trading of Minerals Technologies

Large investors have recently bought and sold shares of the business. Blue Trust Inc. boosted its holdings in Minerals Technologies by 21.4% during the 4th quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company's stock valued at $78,000 after acquiring an additional 178 shares during the period. Savant Capital LLC lifted its position in shares of Minerals Technologies by 7.4% during the 4th quarter. Savant Capital LLC now owns 3,783 shares of the basic materials company's stock worth $288,000 after purchasing an additional 260 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of Minerals Technologies by 9.6% in the 3rd quarter. Quantinno Capital Management LP now owns 4,178 shares of the basic materials company's stock valued at $323,000 after acquiring an additional 366 shares during the last quarter. Diversified Trust Co raised its position in shares of Minerals Technologies by 4.0% during the 3rd quarter. Diversified Trust Co now owns 10,933 shares of the basic materials company's stock worth $844,000 after acquiring an additional 419 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Minerals Technologies by 43.9% in the fourth quarter. KBC Group NV now owns 1,478 shares of the basic materials company's stock valued at $113,000 after purchasing an additional 451 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company's stock.

About Minerals Technologies

Minerals Technologies Inc develops, produces, and markets various mineral, mineral-based, and related systems and services. The company operates through two segments, Consumer & Specialties, and Engineered Solutions segments. The Consumer & Specialties segment offers household and personal care products, such as pet litter, personal care, fabric care, edible oil and other fluid purification, animal health, and agricultural products; and specialty additives products, including precipitated calcium carbonate and ground calcium carbonate products that are used in the paper, paperboard, and fiber based packaging industries, as well as automotive, construction, and table and food applications.