Mutual of America Capital Management LLC trimmed its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,017 shares of the medical instruments supplier’s stock after selling 264 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Mettler-Toledo International were worth $2,489,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in Mettler-Toledo International in the third quarter worth $125,000. Quantbot Technologies LP acquired a new stake in Mettler-Toledo International in the third quarter worth $193,000. Lourd Capital LLC acquired a new stake in Mettler-Toledo International in the fourth quarter worth $211,000. IFM Investors Pty Ltd acquired a new stake in Mettler-Toledo International in the third quarter worth $237,000. Finally, Eads & Heald Investment Counsel acquired a new stake in Mettler-Toledo International in the third quarter worth $256,000. 92.22% of the stock is currently owned by institutional investors and hedge funds.
Mettler-Toledo International Inc. (NYSE:MTD) traded up $2.40 during mid-day trading on Monday, reaching $634.37. 101,900 shares of the company were exchanged, compared to its average volume of 172,130. The firm has a market cap of $16,159.21, a PE ratio of 44.55, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08. Mettler-Toledo International Inc. has a twelve month low of $464.30 and a twelve month high of $697.26. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.09 and a current ratio of 1.46.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.93 by $0.04. Mettler-Toledo International had a net margin of 13.80% and a return on equity of 94.54%. The business had revenue of $778.03 million during the quarter, compared to analysts’ expectations of $764.26 million. During the same period in the prior year, the company earned $5.28 EPS. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. analysts predict that Mettler-Toledo International Inc. will post 20.15 EPS for the current fiscal year.
In other news, Director Robert F. Spoerry sold 2,500 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $625.26, for a total value of $1,563,150.00. Following the sale, the director now directly owns 7,295 shares of the company’s stock, valued at approximately $4,561,271.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Simon Kirk sold 4,726 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $629.01, for a total transaction of $2,972,701.26. The disclosure for this sale can be found here. Insiders have sold a total of 19,359 shares of company stock worth $12,001,030 over the last three months. Insiders own 5.20% of the company’s stock.
A number of equities research analysts recently commented on the stock. Citigroup raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and raised their target price for the company from $685.00 to $692.00 in a research report on Friday, February 9th. Barclays began coverage on shares of Mettler-Toledo International in a research report on Thursday, January 4th. They issued an “equal weight” rating and a $625.00 price objective for the company. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Robert W. Baird lifted their target price on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Finally, Morgan Stanley lifted their target price on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $651.44.
Mettler-Toledo International Company 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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