Everence Capital Management Inc. purchased a new stake in Mettler-Toledo International Inc. (NYSE:MTD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 600 shares of the medical instruments supplier’s stock, valued at approximately $372,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Steward Partners Investment Advisory LLC bought a new stake in Mettler-Toledo International during the 3rd quarter worth $125,000. Quantbot Technologies LP bought a new stake in Mettler-Toledo International during the 3rd quarter worth $193,000. Lourd Capital LLC bought a new stake in Mettler-Toledo International during the 4th quarter worth $211,000. IFM Investors Pty Ltd bought a new stake in shares of Mettler-Toledo International in the 3rd quarter valued at about $237,000. Finally, Eads & Heald Investment Counsel bought a new stake in shares of Mettler-Toledo International in the 3rd quarter valued at about $256,000. Institutional investors own 91.79% of the company’s stock.
A number of research firms have commented on MTD. Jefferies Group reiterated a “hold” rating and issued a $600.00 price target on shares of Mettler-Toledo International in a research report on Friday, October 20th. Robert W. Baird upped their price target on Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Morgan Stanley upped their price target on Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Barclays started coverage on Mettler-Toledo International in a research note on Thursday, January 4th. They issued an “equal weight” rating and a $625.00 price objective on the stock. Finally, Evercore ISI started coverage on Mettler-Toledo International in a research note on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Mettler-Toledo International currently has an average rating of “Buy” and an average price target of $651.44.
Mettler-Toledo International Inc. (NYSE:MTD) traded up $5.12 during mid-day trading on Wednesday, reaching $618.81. The company had a trading volume of 103,313 shares, compared to its average volume of 172,535. Mettler-Toledo International Inc. has a fifty-two week low of $460.26 and a fifty-two week high of $697.26. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 1.75. The firm has a market cap of $15,637.01, a P/E ratio of 43.10, a P/E/G ratio of 2.55 and a beta of 1.08.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share for the quarter, topping analysts’ consensus estimates of $5.93 by $0.04. Mettler-Toledo International had a return on equity of 94.54% and a net margin of 13.80%. The business had revenue of $778.03 million for the quarter, compared to the consensus estimate of $764.26 million. During the same period in the prior year, the business earned $5.28 EPS. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. equities analysts predict that Mettler-Toledo International Inc. will post 20.1 EPS for the current year.
In related news, Director Richard D. Francis acquired 160 shares of the stock in a transaction dated Friday, November 17th. The stock was purchased at an average cost of $627.91 per share, with a total value of $100,465.60. Following the completion of the purchase, the director now directly owns 254 shares in the company, valued at approximately $159,489.14. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Oliver A. Filliol sold 15,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $631.51, for a total value of $9,472,650.00. Following the completion of the sale, the insider now directly owns 31,279 shares of the company’s stock, valued at $19,753,001.29. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,359 shares of company stock valued at $16,640,760. Company insiders own 5.20% of the company’s stock.
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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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