Segall Bryant & Hamill LLC decreased its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 1.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,053 shares of the medical instruments supplier’s stock after selling 2,072 shares during the quarter. Mettler-Toledo International accounts for approximately 1.8% of Segall Bryant & Hamill LLC’s investment portfolio, making the stock its 4th largest position. Segall Bryant & Hamill LLC owned 0.47% of Mettler-Toledo International worth $75,799,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Airain ltd acquired a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $2,958,000. California Public Employees Retirement System increased its stake in shares of Mettler-Toledo International by 2.0% in the second quarter. California Public Employees Retirement System now owns 71,000 shares of the medical instruments supplier’s stock valued at $41,786,000 after buying an additional 1,400 shares during the period. Riverhead Capital Management LLC increased its stake in shares of Mettler-Toledo International by 90.5% in the second quarter. Riverhead Capital Management LLC now owns 1,800 shares of the medical instruments supplier’s stock valued at $1,060,000 after buying an additional 855 shares during the period. Principal Financial Group Inc. increased its stake in shares of Mettler-Toledo International by 2.3% in the second quarter. Principal Financial Group Inc. now owns 42,546 shares of the medical instruments supplier’s stock valued at $25,040,000 after buying an additional 974 shares during the period. Finally, Page Arthur B acquired a new position in shares of Mettler-Toledo International in the third quarter valued at approximately $848,000. 91.76% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on MTD shares. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $690.00 price objective on shares of Mettler-Toledo International in a research note on Tuesday, September 26th. Morgan Stanley upped their price objective on Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. Robert W. Baird upped their target price on Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Finally, Jefferies Group reiterated a “hold” rating and issued a $600.00 target price on shares of Mettler-Toledo International in a report on Friday, October 20th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Mettler-Toledo International has a consensus rating of “Buy” and a consensus target price of $621.57.
In related news, Director Michael A. Kelly sold 3,384 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $638.24, for a total value of $2,159,804.16. Following the sale, the director now directly owns 4,762 shares in the company, valued at $3,039,298.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard D. Francis purchased 160 shares of the business’s stock in a transaction on Friday, November 17th. The shares were acquired at an average price of $627.91 per share, for a total transaction of $100,465.60. Following the completion of the acquisition, the director now directly owns 254 shares in the company, valued at approximately $159,489.14. The disclosure for this purchase can be found here. Insiders sold 39,969 shares of company stock worth $25,242,999 over the last quarter. 5.20% of the stock is currently owned by company insiders.
Shares of Mettler-Toledo International, Inc. (NYSE:MTD) traded up $3.73 during mid-day trading on Thursday, reaching $615.98. The company had a trading volume of 92,600 shares, compared to its average volume of 156,630. Mettler-Toledo International, Inc. has a 1-year low of $408.65 and a 1-year high of $694.48. The company has a market capitalization of $15,660.82, a PE ratio of 36.23, a PEG ratio of 2.80 and a beta of 1.09. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.51 and a quick ratio of 1.11.
Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The business had revenue of $698.80 million for the quarter, compared to analysts’ expectations of $685.56 million. During the same period in the prior year, the business posted $3.89 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. sell-side analysts predict that Mettler-Toledo International, Inc. will post 17.52 earnings per share for the current year.
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Mettler-Toledo International Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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