Teacher Retirement System of Texas raised its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 36.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,185 shares of the medical instruments supplier’s stock after purchasing an additional 852 shares during the period. Teacher Retirement System of Texas’ holdings in Mettler-Toledo International were worth $1,994,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Koch Industries Inc. grew its position in Mettler-Toledo International by 96,281.2% in the 2nd quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after purchasing an additional 696,113 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Mettler-Toledo International by 5,926.9% during the 2nd quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock worth $119,430,000 after acquiring an additional 199,560 shares during the last quarter. Parametric Portfolio Associates LLC lifted its stake in shares of Mettler-Toledo International by 253.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 201,137 shares of the medical instruments supplier’s stock valued at $118,377,000 after buying an additional 144,245 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Mettler-Toledo International during the 2nd quarter valued at $71,233,000. Finally, BlackRock Inc. lifted its stake in shares of Mettler-Toledo International by 6.4% during the 2nd quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock valued at $1,094,791,000 after buying an additional 112,029 shares in the last quarter. 91.76% of the stock is owned by institutional investors.
Mettler-Toledo International, Inc. (NYSE:MTD) traded up $3.73 during trading on Wednesday, reaching $615.98. 92,601 shares of the company’s stock traded hands, compared to its average volume of 156,630. Mettler-Toledo International, Inc. has a 12 month low of $408.65 and a 12 month high of $694.48. The stock has a market cap of $15,521.41, a PE ratio of 35.90, a price-to-earnings-growth ratio of 2.77 and a beta of 1.09. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.51.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The firm had revenue of $698.80 million during the quarter, compared to analysts’ expectations of $685.56 million. During the same quarter in the prior year, the company earned $3.89 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. research analysts predict that Mettler-Toledo International, Inc. will post 17.52 earnings per share for the current year.
In other news, Director Richard D. Francis bought 160 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average price of $627.91 per share, with a total value of $100,465.60. Following the completion of the transaction, the director now directly owns 254 shares of the company’s stock, valued at approximately $159,489.14. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael A. Kelly sold 3,384 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $638.24, for a total transaction of $2,159,804.16. Following the sale, the director now directly owns 4,762 shares of the company’s stock, valued at approximately $3,039,298.88. The disclosure for this sale can be found here. Insiders sold a total of 40,859 shares of company stock valued at $25,786,789 in the last ninety days. Corporate insiders own 5.20% of the company’s stock.
MTD has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Goldman Sachs Group reiterated a “buy” rating and issued a $690.00 price target on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Morgan Stanley upped their price target on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Robert W. Baird upped their price target on shares of 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 set a $600.00 price target on shares of Mettler-Toledo International in a report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Mettler-Toledo International presently has a consensus rating of “Buy” and an average price target of $621.57.
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About Mettler-Toledo International
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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