American Century Companies Inc. Has $65.63 Million Stock Position in Minerals Technologies Inc. (NYSE:MTX)

American Century Companies Inc. lifted its stake in shares of Minerals Technologies Inc. (NYSE:MTX) by 31.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 861,173 shares of the basic materials company’s stock after buying an additional 204,371 shares during the period. American Century Companies Inc.’s holdings in Minerals Technologies were worth $65,630,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in Minerals Technologies by 181.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 506 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 326 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Minerals Technologies by 21.4% in the fourth quarter. Blue Trust Inc. now owns 1,009 shares of the basic materials company’s stock valued at $78,000 after buying an additional 178 shares during the period. Venturi Wealth Management LLC bought a new position in Minerals Technologies in the 4th quarter valued at approximately $78,000. KBC Group NV grew its holdings in Minerals Technologies by 43.9% during the 4th quarter. KBC Group NV now owns 1,478 shares of the basic materials company’s stock worth $113,000 after acquiring an additional 451 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Minerals Technologies in the 4th quarter valued at approximately $145,000. 97.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Truist Financial cut their price target on shares of Minerals Technologies from $103.00 to $101.00 and set a “buy” rating on the stock in a report on Monday, February 10th. StockNews.com lowered Minerals Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, March 19th.

Minerals Technologies Stock Down 1.5 %

Minerals Technologies stock opened at $65.18 on Wednesday. The firm has a 50 day moving average price of $71.57 and a two-hundred day moving average price of $75.30. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.98 and a current ratio of 2.84. Minerals Technologies Inc. has a 52-week low of $64.30 and a 52-week high of $90.30. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 12.58 and a beta of 1.28.

Minerals Technologies (NYSE:MTX) last announced its earnings results on Thursday, February 6th. The basic materials company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.11. Minerals Technologies had a net margin of 7.89% and a return on equity of 11.49%. Equities analysts predict that Minerals Technologies Inc. will post 6.62 EPS for the current year.

Minerals Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Friday, February 14th were given a dividend of $0.11 per share. The ex-dividend date was Friday, February 14th. This represents a $0.44 annualized dividend and a dividend yield of 0.68%. Minerals Technologies’s payout ratio is 8.49%.

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.