KBC Group NV lessened its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 43.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,118 shares of the medical instruments supplier’s stock after selling 2,431 shares during the quarter. KBC Group NV’s holdings in Mettler-Toledo International were worth $1,952,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Mettler-Toledo International by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 96,687 shares of the medical instruments supplier’s stock valued at $60,541,000 after buying an additional 392 shares during the period. Brown Advisory Inc. grew its holdings in Mettler-Toledo International by 3.6% in the 3rd quarter. Brown Advisory Inc. now owns 39,108 shares of the medical instruments supplier’s stock valued at $24,488,000 after buying an additional 1,365 shares during the period. Wells Fargo & Company MN grew its holdings in Mettler-Toledo International by 17.4% in the 3rd quarter. Wells Fargo & Company MN now owns 30,336 shares of the medical instruments supplier’s stock valued at $18,995,000 after buying an additional 4,502 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Mettler-Toledo International by 8.8% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,087 shares of the medical instruments supplier’s stock valued at $1,307,000 after buying an additional 169 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Mettler-Toledo International by 109.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 54,646 shares of the medical instruments supplier’s stock valued at $34,125,000 after buying an additional 28,540 shares during the period. Hedge funds and other institutional investors own 91.76% of the company’s stock.
MTD has been the subject of several recent analyst reports. Goldman Sachs Group restated a “buy” rating and issued a $690.00 price target on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 price target for the company in a report on Thursday, September 21st. BidaskClub upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Bank of America lifted their price target on Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a report on Monday, October 9th. Finally, Morgan Stanley lifted their price target on Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Mettler-Toledo International has a consensus rating of “Buy” and an average price target of $621.57.
In other news, insider William P. Donnelly sold 10,000 shares of Mettler-Toledo International stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $630.02, for a total value of $6,300,200.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard D. Francis acquired 160 shares of Mettler-Toledo International stock in a transaction dated Friday, November 17th. The stock was purchased at an average cost of $627.91 per share, for a total transaction of $100,465.60. Following the completion of the purchase, the director now directly owns 254 shares in the company, valued at $159,489.14. The disclosure for this purchase can be found here. Insiders sold a total of 39,969 shares of company stock worth $25,242,999 over the last ninety days. Corporate insiders own 5.20% of the company’s stock.
Mettler-Toledo International, Inc. (NYSE:MTD) traded up $1.48 during midday trading on Tuesday, hitting $624.67. The stock had a trading volume of 129,300 shares, compared to its average volume of 156,122. The firm has a market cap of $15,940.65, a price-to-earnings ratio of 36.88, a P/E/G ratio of 2.85 and a beta of 1.09. Mettler-Toledo International, Inc. has a fifty-two week low of $408.97 and a fifty-two week high of $694.48. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 2.05.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.04. The business had revenue of $698.80 million for the quarter, compared to analyst estimates of $685.56 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.89 EPS. equities analysts expect that Mettler-Toledo International, Inc. will post 17.52 earnings per share for the current fiscal year.
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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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