Economy

Zacks Investment Research Downgrades Minerals Technologies Inc. (MTX) to Sell

National Oilwell Varco In now has $11.53B valuation. The stock declined 0.87% or $0.52 reaching $59.38 on the news. The stock had a trading volume of 131,740 shares. G-III Apparel Group, Ltd. (NASDAQ:GIII) has declined 47.99% since August 11, 2016 and is downtrending. It has underperformed by 4.73% the S&P500. Zacks Investment Research lowered Minerals Technologies from a "hold" rating to a "sell" rating in a research note on Wednesday, May 10th. Therefore 33% are positive. Minerals Technologies Inc. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 14.57 and a beta of 2.20. JP Morgan upgraded the stock to "Overweight" rating in Friday, March 24 report. As per Friday, December 2, the company rating was downgraded by JP Morgan. The firm has "Outperform" rating given on Tuesday, December 29 by Wedbush. Minerals Technologies's dividend payout ratio is now 4.55%. The stock of Minerals Technologies Inc (NYSE:MTX) has "Neutral" rating given on Thursday, May 12 by Wedbush. The stock has "Buy" rating by RBC Capital Markets on Friday, June 16. Duff Scott K. sold $195,157 worth of stock. Another trade for 2 shares valued at $111 was sold by SPRUNK ERIC D.

Investors sentiment decreased to 0.8 in 2016 Q4. Its down 0.22, from 1.18 in 2016Q3.

Many other investment firms and many large funds also modified their portfolio in the shares. 112 funds opened positions while 405 raised stakes. Oppenheimer reported 3,475 shares or 0.01% of all its holdings. Train Babcock Advsr Lc stated it has 1.75% in Nike Inc (NYSE:NKE). Wedge Capital Mgmt L Lp Nc holds 376,242 shares or 0.28% of its portfolio.

The share price of Minerals Technologies Inc. Denver Investment Advsrs Ltd Com accumulated 310,867 shares. Stephens Ar owns 216,227 shares or 0.26% of their U.S. portfolio. Louisiana State Employees Retirement System, a Louisiana-based fund reported 8,600 shares. Fulton Bankshares Na invested 0.3% of its portfolio in Nike Inc (NYSE:NKE). Wellington Management Group LLP now owns 752,296 shares of the basic materials company's stock valued at $57,625,000 after buying an additional 55,415 shares in the last quarter. Private Asset Management owns 10,107 shares. Ameren Corp (NYSE:AEE) was reduced too.

Among 24 analysts covering The Home Depot Inc. (NYSE:NKE), 26 have Buy rating, 2 Sell and 14 Hold. Therefore 70% are positive.

Other equities analysts have also issued reports about the stock. Buckingham Research reinitiated it with "Buy" rating and $28 target in Monday, July 17 report. Telsey Advisory Group maintained the stock with "Outperform" rating in Friday, January 6 report. The company was maintained on Tuesday, September 22 by Telsey Advisory Group. The stock has "Overweight" rating by KeyBanc Capital Markets on Tuesday, October 13. The firm earned "Buy" rating on Wednesday, November 25 by Wunderlich.

Investors sentiment decreased to 0.96 in 2016 Q4. Its up 0.14, from 1.08 in 2016Q3. Lastly, BidaskClub dropped Minerals Technologies from a "sell" recommendation to a "strong sell" recommendation in a study on Saturday, Jun 17th. 27 funds opened positions while 67 raised stakes. M&T Commercial Bank holds 0% or 6,443 shares in its portfolio.

ILLEGAL ACTIVITY WARNING: "Somewhat Positive Media Coverage Somewhat Unlikely to Impact Minerals Technologies (MTX) Share Price" was originally published by TheOlympiaReport and is owned by of TheOlympiaReport. Principal Financial Group upped its stake in Minerals Technologies by 2.6% in the Q1. Citadel Limited Liability Corp accumulated 161,614 shares. California Employees Retirement has invested 0.01% in Minerals Technologies Inc (NYSE:MTX). New York State Teachers Retirement System owns 73,040 shares valued at $5,347,000. The dividend will be $0.050 per share for the quarter or $0.20 on an annualized basis.

The company is now down by -0.16% since yesterday's close of $64.15. Martingale Asset Management Lp holds 0.01% or 9,110 shares in its portfolio. Legal And General Group Public Ltd Co invested in 0% or 18,044 shares. First Mercantile invested 0.03% in Minerals Technologies Inc (NYSE:MTX). The Btim Corp holds 447,052 shares with $34.54 million value, down from 459,033 last quarter. Finally, Eagle Asset Management Inc. increased its position in Minerals Technologies by 38.0% in the first quarter. Wedbush downgraded Minerals Technologies Inc (NYSE:MTX) on Thursday, May 12 to "Neutral" rating. Mai Mngmt holds 0.03% or 15,065 shares in its portfolio.

About 39,104 shares traded. It has outperformed by 14.31% the S&P500.

Since February 15, 2017, it had 0 insider purchases, and 1 insider sale for $62,474 activity. $62,474 worth of Minerals Technologies Inc (NYSE:MTX) was sold by MAYGER DOUGLAS W.



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