Eagle Asset Management Inc. increased its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,007 shares of the medical instruments supplier’s stock after buying an additional 3,316 shares during the quarter. Eagle Asset Management Inc.’s holdings in Mettler-Toledo International were worth $32,288,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of MTD. Sterling Capital Management LLC acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter worth approximately $449,000. Shell Asset Management Co. grew its stake in shares of Mettler-Toledo International by 187.0% during the 3rd quarter. Shell Asset Management Co. now owns 20,288 shares of the medical instruments supplier’s stock worth $5,196,000 after purchasing an additional 13,218 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of Mettler-Toledo International by 4.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 4,281 shares of the medical instruments supplier’s stock worth $2,681,000 after purchasing an additional 173 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Mettler-Toledo International by 0.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 28,663 shares of the medical instruments supplier’s stock worth $17,948,000 after purchasing an additional 240 shares during the period. Finally, Oakbrook Investments LLC acquired a new stake in shares of Mettler-Toledo International during the 3rd quarter worth approximately $1,565,000. 92.22% of the stock is currently owned by institutional investors and hedge funds.
Mettler-Toledo International Inc. (MTD) opened at $634.37 on Monday. Mettler-Toledo International Inc. has a 52-week low of $464.30 and a 52-week high of $697.26. The stock has a market capitalization of $16,159.21, a P/E ratio of 36.06, a PEG ratio of 2.63 and a beta of 1.08. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.09 and a current ratio of 1.46.
Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $778.03 million for the quarter, compared to analyst estimates of $764.26 million. During the same quarter last year, the firm posted $5.28 EPS. The business’s revenue was up 9.6% on a year-over-year basis. analysts expect that Mettler-Toledo International Inc. will post 20.15 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Mettler-Toledo International from $550.00 to $580.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Citigroup raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $685.00 to $692.00 in a research note on Friday, February 9th. Robert W. Baird dropped their price objective on shares of Mettler-Toledo International from $675.00 to $630.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Evercore ISI assumed coverage on shares of Mettler-Toledo International in a research note on Wednesday, January 3rd. They set an “in-line” rating and a $625.00 price objective on the stock. Finally, Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $651.44.
In other news, EVP William P. Donnelly sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $612.35, for a total transaction of $3,674,100.00. Following the transaction, the executive vice president now owns 4,500 shares in the company, valued at approximately $2,755,575. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $605.20, for a total value of $181,560.00. Following the completion of the transaction, the chief financial officer now owns 5,599 shares in the company, valued at approximately $3,388,514.80. The disclosure for this sale can be found here. Insiders have sold a total of 19,359 shares of company stock worth $12,001,030 in the last quarter. Insiders own 5.20% of the company’s stock.
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Mettler-Toledo International 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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