Slow Capital Inc. purchased a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 801 shares of the medical instruments supplier’s stock, valued at approximately $496,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MTD. Quantbot Technologies LP bought a new stake in Mettler-Toledo International during the 3rd quarter worth approximately $193,000. Commonwealth Equity Services Inc grew its position in Mettler-Toledo International by 38.9% during the 3rd quarter. Commonwealth Equity Services Inc now owns 550 shares of the medical instruments supplier’s stock worth $344,000 after acquiring an additional 154 shares during the last quarter. Ameriprise Financial Inc. grew its position in Mettler-Toledo International by 34.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 79,986 shares of the medical instruments supplier’s stock worth $50,084,000 after acquiring an additional 20,339 shares during the last quarter. Chartwell Investment Partners LLC grew its position in Mettler-Toledo International by 4.1% during the 3rd quarter. Chartwell Investment Partners LLC now owns 2,104 shares of the medical instruments supplier’s stock worth $1,317,000 after acquiring an additional 83 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Mettler-Toledo International by 9.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,444 shares of the medical instruments supplier’s stock worth $4,035,000 after acquiring an additional 539 shares during the last quarter. Institutional investors and hedge funds own 92.17% of the company’s stock.
Mettler-Toledo International stock opened at $606.41 on Thursday. Mettler-Toledo International Inc. has a 1-year low of $471.14 and a 1-year high of $697.26. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $15,586.83, a price-to-earnings ratio of 42.59, a price-to-earnings-growth ratio of 2.53 and a beta of 1.14.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.93 by $0.04. The company had revenue of $778.03 million for the quarter, compared to the consensus estimate of $764.26 million. Mettler-Toledo International had a return on equity of 94.54% and a net margin of 13.80%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $5.28 EPS. equities analysts expect that Mettler-Toledo International Inc. will post 20.17 earnings per share for the current year.
A number of research firms recently commented on MTD. Deutsche Bank increased their price target on Mettler-Toledo International from $600.00 to $630.00 and gave the stock a “hold” rating in a research report on Thursday, March 1st. Robert W. Baird reduced their price objective on Mettler-Toledo International from $675.00 to $630.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Morgan Stanley upped their price objective on Mettler-Toledo International from $550.00 to $580.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Citigroup raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $685.00 to $692.00 in a report on Friday, February 9th. Finally, Barclays assumed coverage on Mettler-Toledo International in a report on Thursday, January 4th. They set an “equal weight” rating and a $625.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $649.30.
In other news, EVP William P. Donnelly sold 6,000 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $612.35, for a total value of $3,674,100.00. Following the transaction, the executive vice president now owns 4,500 shares of the company’s stock, valued at approximately $2,755,575. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Waldemar Rauch sold 3,568 shares of the stock in a transaction on Friday, March 9th. The shares were sold at an average price of $616.72, for a total value of $2,200,456.96. Following the completion of the transaction, the insider now directly owns 3,368 shares in the company, valued at approximately $2,077,112.96. The disclosure for this sale can be found here. In the last three months, insiders sold 28,268 shares of company stock worth $17,497,059. 5.20% of the stock is currently owned by company insiders.
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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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