Davis R M Inc. decreased its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,952 shares of the medical instruments supplier’s stock after selling 5,978 shares during the period. Mettler-Toledo International makes up about 2.1% of Davis R M Inc.’s holdings, making the stock its 7th largest holding. Davis R M Inc. owned 0.31% of Mettler-Toledo International worth $50,063,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. First Trust Advisors LP boosted its stake in Mettler-Toledo International by 41.5% during the third quarter. First Trust Advisors LP now owns 66,605 shares of the medical instruments supplier’s stock valued at $41,705,000 after buying an additional 19,540 shares during the period. WESPAC Advisors LLC bought a new stake in Mettler-Toledo International during the third quarter valued at $693,000. APG Asset Management N.V. boosted its stake in Mettler-Toledo International by 888.1% during the third quarter. APG Asset Management N.V. now owns 60,502 shares of the medical instruments supplier’s stock valued at $37,884,000 after buying an additional 54,379 shares during the period. Oakbrook Investments LLC bought a new stake in Mettler-Toledo International during the third quarter valued at $1,565,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Mettler-Toledo International by 0.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 28,663 shares of the medical instruments supplier’s stock valued at $17,948,000 after buying an additional 240 shares during the period. 93.16% of the stock is owned by institutional investors.
In related news, Director Wah-Hui Chu sold 500 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $585.00, for a total transaction of $292,500.00. Following the transaction, the director now owns 3,243 shares in the company, valued at approximately $1,897,155. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael A. Kelly sold 3,384 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $638.24, for a total value of $2,159,804.16. Following the transaction, the director now owns 4,762 shares in the company, valued at approximately $3,039,298.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,565 shares of company stock worth $14,166,876. 5.20% of the stock is owned by company insiders.
Mettler-Toledo International, Inc. (NYSE:MTD) traded down $4.16 on Friday, hitting $622.66. The stock had a trading volume of 167,800 shares, compared to its average volume of 158,863. The stock has a market capitalization of $16,033.50, a P/E ratio of 37.09, a P/E/G ratio of 2.86 and a beta of 1.13. 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, Inc. has a 1 year low of $407.87 and a 1 year high of $694.48.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, topping 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 firm had revenue of $698.80 million for the quarter, compared to the consensus estimate of $685.56 million. During the same quarter in the previous year, the business earned $3.89 earnings per share. The company’s quarterly revenue was up 7.4% on a year-over-year basis. analysts expect that Mettler-Toledo International, Inc. will post 17.53 earnings per share for the current year.
Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley lifted their price target on Mettler-Toledo International from $535.00 to $545.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Robert W. Baird lifted their price target on Mettler-Toledo International from $605.00 to $675.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $600.00 price target on shares of Mettler-Toledo International in a research note on Friday, October 20th. Finally, Bank of America Corporation lifted their price target on Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Mettler-Toledo International presently has an average rating of “Buy” and an average price target of $621.57.
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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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