Bank of Montreal Can grew its position in Mettler-Toledo International Inc. (NYSE:MTD) by 1.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,406 shares of the medical instruments supplier’s stock after buying an additional 667 shares during the period. Bank of Montreal Can owned 0.22% of Mettler-Toledo International worth $34,324,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Profund Advisors LLC boosted its stake in Mettler-Toledo International by 2.6% in the 2nd quarter. Profund Advisors LLC now owns 716 shares of the medical instruments supplier’s stock worth $421,000 after purchasing an additional 18 shares in the last quarter. Suntrust Banks Inc. lifted its stake in Mettler-Toledo International by 4.9% during the 2nd quarter. Suntrust Banks Inc. now owns 900 shares of the medical instruments supplier’s stock valued at $529,000 after acquiring an additional 42 shares during the period. Coldstream Capital Management Inc. lifted its stake in Mettler-Toledo International by 12.5% during the 2nd quarter. Coldstream Capital Management Inc. now owns 585 shares of the medical instruments supplier’s stock valued at $344,000 after acquiring an additional 65 shares during the period. Coastline Trust Co lifted its stake in Mettler-Toledo International by 16.2% during the 3rd quarter. Coastline Trust Co now owns 575 shares of the medical instruments supplier’s stock valued at $360,000 after acquiring an additional 80 shares during the period. Finally, MML Investors Services LLC lifted its stake in Mettler-Toledo International by 14.9% during the 2nd quarter. MML Investors Services LLC now owns 640 shares of the medical instruments supplier’s stock valued at $377,000 after acquiring an additional 83 shares during the period. Institutional investors and hedge funds own 91.79% of the company’s stock.
MTD has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Robert W. Baird lifted their target price on shares of 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 reaffirmed a “hold” rating and set a $600.00 target price on shares of Mettler-Toledo International in a research note on Friday, October 20th. Barclays started coverage on shares of Mettler-Toledo International in a research report on Thursday, January 4th. They set an “equal weight” rating and a $625.00 price target on the stock. Finally, Evercore ISI started coverage on shares of Mettler-Toledo International in a research report on Wednesday, January 3rd. They set an “in-line” rating and a $625.00 price target on the stock. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $651.44.
In other Mettler-Toledo International news, EVP William P. Donnelly sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $632.14, for a total value of $3,160,700.00. Following the transaction, the executive vice president now directly owns 6,000 shares in the company, valued at $3,792,840. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $605.20, for a total transaction of $181,560.00. Following the completion of the transaction, the chief financial officer now owns 5,599 shares in the company, valued at $3,388,514.80. The disclosure for this sale can be found here. Insiders sold 32,659 shares of company stock worth $20,496,420 over the last quarter. 5.20% of the stock is currently owned by insiders.
Shares of Mettler-Toledo International Inc. (MTD) traded up $10.98 during trading hours on Wednesday, reaching $624.67. 177,571 shares of the company’s stock were exchanged, compared to its average volume of 175,398. 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 Inc. has a one year low of $460.26 and a one year high of $697.26. The stock has a market capitalization of $15,637.01, a price-to-earnings ratio of 43.87, a PEG ratio of 2.55 and a beta of 1.08.
Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $778.03 million for the quarter, compared to analyst estimates of $764.26 million. During the same period in the prior year, the firm earned $5.28 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. equities analysts forecast that Mettler-Toledo International Inc. will post 20.1 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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