Glenmede Trust Co. NA cut its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 44,683 shares of the medical instruments supplier’s stock after selling 245 shares during the quarter. Glenmede Trust Co. NA owned approximately 0.18% of Mettler-Toledo International worth $27,681,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. USA Mutuals Advisors Inc. bought a new position in shares of Mettler-Toledo International during the 4th quarter valued at approximately $101,000. Steward Partners Investment Advisory LLC bought a new position in shares of Mettler-Toledo International during the 3rd quarter valued at approximately $125,000. Quantbot Technologies LP bought a new position in shares of Mettler-Toledo International during the 3rd quarter valued at approximately $193,000. Lourd Capital LLC bought a new position in shares of Mettler-Toledo International during the 4th quarter valued at approximately $211,000. Finally, Quadrant Private Wealth Management LLC bought a new position in shares of Mettler-Toledo International during the 4th quarter valued at approximately $232,000. Institutional investors own 92.17% of the company’s stock.
A number of research analysts recently issued reports on the company. Deutsche Bank boosted their price objective on Mettler-Toledo International from $600.00 to $630.00 and gave the company a “hold” rating in a research note on Thursday, March 1st. Morgan Stanley boosted their price target on Mettler-Toledo International from $550.00 to $580.00 and gave the stock an “equal weight” rating in a report on Friday, February 9th. Robert W. Baird lowered their price target on Mettler-Toledo International from $675.00 to $630.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Citigroup raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $685.00 to $692.00 in a report on Friday, February 9th. Finally, Evercore ISI started coverage on Mettler-Toledo International in a report on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 price target on the stock. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $649.30.
In other news, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $605.20, for a total transaction of $181,560.00. Following the sale, the chief financial officer now directly owns 5,599 shares of the company’s stock, valued at approximately $3,388,514.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider La Guerroniere Marc De sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $630.00, for a total value of $1,260,000.00. Following the sale, the insider now directly owns 2,000 shares in the company, valued at $1,260,000. The disclosure for this sale can be found here. Insiders have sold a total of 28,268 shares of company stock worth $17,497,059 over the last ninety days. Insiders own 5.20% of the company’s stock.
Mettler-Toledo International Inc. (MTD) opened at $611.51 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 1.75. Mettler-Toledo International Inc. has a twelve month low of $471.14 and a twelve month high of $697.26. The company has a market capitalization of $15,637.27, a P/E ratio of 42.94, a P/E/G ratio of 2.54 and a beta of 1.14.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.93 by $0.04. The business had revenue of $778.03 million for the quarter, compared to analysts’ expectations of $764.26 million. Mettler-Toledo International had a return on equity of 94.54% and a net margin of 13.80%. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same period in the prior year, the firm earned $5.28 EPS. analysts anticipate that Mettler-Toledo International Inc. will post 20.17 earnings per share for the current year.
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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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