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.
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