American Century Companies Inc. Purchases 204,371 Shares of Minerals Technologies Inc. (NYSE:MTX)

American Century Companies Inc. boosted its position in shares of Minerals Technologies Inc. (NYSE:MTX - Free Report) by 31.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 861,173 shares of the basic materials company's stock after acquiring an additional 204,371 shares during the period. American Century Companies Inc. owned 2.70% of Minerals Technologies worth $65,630,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp boosted its position in shares of Minerals Technologies by 2.6% in the third quarter. State Street Corp now owns 1,268,792 shares of the basic materials company's stock valued at $97,989,000 after acquiring an additional 32,196 shares during the period. FMR LLC boosted its holdings in Minerals Technologies by 64.2% in the 3rd quarter. FMR LLC now owns 1,234,719 shares of the basic materials company's stock valued at $95,357,000 after purchasing an additional 482,674 shares during the period. Geode Capital Management LLC boosted its holdings in Minerals Technologies by 3.8% in the 3rd quarter. Geode Capital Management LLC now owns 865,343 shares of the basic materials company's stock valued at $66,841,000 after purchasing an additional 31,616 shares during the period. Charles Schwab Investment Management Inc. grew its position in Minerals Technologies by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 555,157 shares of the basic materials company's stock worth $42,309,000 after purchasing an additional 2,647 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of Minerals Technologies by 1.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 511,205 shares of the basic materials company's stock worth $38,330,000 after purchasing an additional 7,488 shares during the period. Institutional investors and hedge funds own 97.29% of the company's stock.

Minerals Technologies Stock Performance

MTX traded down $1.12 during trading on Friday, reaching $63.77. 173,565 shares of the company's stock were exchanged, compared to its average volume of 167,828. The company has a market capitalization of $2.03 billion, a P/E ratio of 12.31 and a beta of 1.28. The company has a quick ratio of 1.98, a current ratio of 2.84 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average price of $70.90 and a 200 day moving average price of $75.12. Minerals Technologies Inc. has a fifty-two week low of $62.80 and a fifty-two week high of $90.30.

Minerals Technologies (NYSE:MTX - Get Free Report) last issued its earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. As a group, analysts predict that Minerals Technologies Inc. will post 6.62 earnings per share for the current fiscal year.

Minerals Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Friday, February 14th were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.69%. Minerals Technologies's dividend payout ratio is currently 8.49%.

Wall Street Analyst Weigh In

MTX has been the subject of several research reports. StockNews.com cut shares of Minerals Technologies from a "buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Truist Financial reduced their price objective on Minerals Technologies from $103.00 to $101.00 and set a "buy" rating for the company in a research report on Monday, February 10th.

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.