Metropolitan Life Insurance Co. NY lowered its position in Mettler-Toledo International Inc. (NYSE:MTD) by 61.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,045 shares of the medical instruments supplier’s stock after selling 8,205 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Mettler-Toledo International were worth $3,125,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of MTD. Renaissance Technologies LLC raised its stake in shares of Mettler-Toledo International by 201.0% in the fourth quarter. Renaissance Technologies LLC now owns 210,100 shares of the medical instruments supplier’s stock valued at $130,161,000 after acquiring an additional 140,300 shares during the last quarter. First Manhattan Co. raised its stake in shares of Mettler-Toledo International by 98,611.4% in the fourth quarter. First Manhattan Co. now owns 86,866 shares of the medical instruments supplier’s stock valued at $53,815,000 after acquiring an additional 86,778 shares during the last quarter. Amundi Pioneer Asset Management Inc. bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $31,608,000. Eagle Asset Management Inc. bought a new position in shares of Mettler-Toledo International in the third quarter valued at approximately $30,957,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Mettler-Toledo International by 349.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 56,728 shares of the medical instruments supplier’s stock valued at $35,144,000 after acquiring an additional 44,115 shares during the last quarter. Institutional investors own 92.17% of the company’s stock.
In related news, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $605.20, for a total value of $181,560.00. Following the completion of the transaction, the chief financial officer now directly owns 5,599 shares of the company’s stock, valued at approximately $3,388,514.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider La Guerroniere Marc De sold 2,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $630.00, for a total transaction of $1,260,000.00. Following the completion of the transaction, the insider now directly owns 2,000 shares of the company’s stock, valued at $1,260,000. The disclosure for this sale can be found here. Insiders sold a total of 28,268 shares of company stock valued at $17,497,059 in the last three months. 5.20% of the stock is owned by company insiders.
Mettler-Toledo International stock opened at $606.41 on Thursday. Mettler-Toledo International Inc. has a fifty-two week low of $471.14 and a fifty-two week high of $697.26. The stock has a market cap of $15,586.83, a price-to-earnings ratio of 42.59, a PEG ratio of 2.53 and a beta of 1.14. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.46 and a quick ratio of 1.09.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $778.03 million during the quarter, compared to analyst estimates of $764.26 million. During the same quarter in the previous year, the business earned $5.28 EPS. The firm’s revenue was up 9.6% on a year-over-year basis. sell-side analysts expect that Mettler-Toledo International Inc. will post 20.17 earnings per share for the current fiscal year.
A number of research firms have recently issued reports on MTD. Barclays began coverage on shares of Mettler-Toledo International in a research note on Thursday, January 4th. They issued an “equal weight” rating and a $625.00 target price for the company. Evercore ISI started coverage on shares of Mettler-Toledo International in a research report on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 price objective for the company. Citigroup upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $685.00 to $692.00 in a research report on Friday, February 9th. Robert W. Baird dropped their price objective on shares of Mettler-Toledo International from $675.00 to $630.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Finally, Deutsche Bank boosted their price objective on shares of Mettler-Toledo International from $600.00 to $630.00 and gave the stock a “hold” rating in a research report on Thursday, March 1st. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $649.30.
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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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