Mettler-Toledo International, Inc. (MTD) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 12.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,880 shares of the medical instruments supplier’s stock after acquiring an additional 1,615 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of Mettler-Toledo International worth $9,317,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MTD. Koch Industries Inc. grew its holdings in shares of Mettler-Toledo International by 96,281.2% during the 2nd quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock valued at $696,000 after acquiring an additional 696,113 shares in the last quarter. Janus Henderson Group PLC grew its holdings 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 valued at $119,430,000 after acquiring an additional 199,560 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings 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 acquiring an additional 144,245 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at $71,233,000. Finally, BlackRock Inc. lifted its stake in shares of Mettler-Toledo International by 6.4% in 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 purchasing an additional 112,029 shares during the last quarter. Institutional investors and hedge funds own 91.76% of the company’s stock.

Several research firms recently issued reports on MTD. BidaskClub raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 price objective for the company in a research note on Thursday, September 21st. Bank of America lifted their price objective on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $535.00 price objective (down previously from $565.00) on shares of Mettler-Toledo International in a research note on Friday, October 6th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $600.00 price objective on shares of Mettler-Toledo International in a research note on Friday, October 20th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $621.57.

Mettler-Toledo International, Inc. (NYSE MTD) traded up $3.04 during mid-day trading on Monday, hitting $623.19. 104,400 shares of the company traded hands, compared to its average volume of 156,235. 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 $408.97 and a 1-year high of $694.48. The firm has a market cap of $15,940.65, a price-to-earnings ratio of 36.88, a PEG ratio of 2.85 and a beta of 1.09.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.32 by $0.04. The firm had revenue of $698.80 million during the quarter, compared to analyst estimates of $685.56 million. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.89 EPS. sell-side analysts anticipate that Mettler-Toledo International, Inc. will post 17.52 earnings per share for the current fiscal year.

In other Mettler-Toledo International news, Director Michael A. Kelly sold 3,384 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 4,762 shares of the company’s stock, valued at approximately $3,039,298.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William P. Donnelly sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $630.02, for a total transaction of $6,300,200.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,969 shares of company stock valued at $25,242,999. Company insiders own 5.20% of the company’s stock.

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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.

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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