Victory Capital Management Inc. grew its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 31.1% during the 1st quarter, Holdings Channel reports. The firm owned 5,688 shares of the medical instruments supplier’s stock after buying an additional 1,348 shares during the period. Victory Capital Management Inc.’s holdings in Mettler-Toledo International were worth $3,271,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in MTD. Renaissance Technologies LLC lifted its stake in Mettler-Toledo International by 201.0% during the 4th quarter. Renaissance Technologies LLC now owns 210,100 shares of the medical instruments supplier’s stock worth $130,161,000 after acquiring an additional 140,300 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in Mettler-Toledo International during the 4th quarter worth about $31,608,000. Public Employees Retirement System of Ohio lifted its stake in Mettler-Toledo International by 349.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 56,728 shares of the medical instruments supplier’s stock worth $35,144,000 after acquiring an additional 44,115 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Mettler-Toledo International by 23.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 226,432 shares of the medical instruments supplier’s stock worth $140,279,000 after acquiring an additional 43,665 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in Mettler-Toledo International by 2.3% during the 4th quarter. BlackRock Inc. now owns 1,847,591 shares of the medical instruments supplier’s stock worth $1,144,617,000 after acquiring an additional 41,344 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Wah-Hui Chu sold 2,850 shares of the stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $566.95, for a total value of $1,615,807.50. Following the transaction, the director now owns 3,528 shares in the company, valued at approximately $2,000,199.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Heidingsfelder sold 3,000 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $590.39, for a total value of $1,771,170.00. Following the completion of the transaction, the insider now owns 3,000 shares in the company, valued at approximately $1,771,170. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,190 shares of company stock worth $13,462,816. 4.80% of the stock is owned by company insiders.
Several equities analysts recently issued reports on MTD shares. Morgan Stanley decreased their target price on Mettler-Toledo International from $595.00 to $568.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 11th. Cleveland Research lowered Mettler-Toledo International from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 1st. Goldman Sachs Group lowered Mettler-Toledo International from a “buy” rating to a “neutral” rating in a research note on Monday, April 9th. Deutsche Bank increased their target price on Mettler-Toledo International from $600.00 to $630.00 and gave the stock a “hold” rating in a research note on Thursday, March 1st. Finally, Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Mettler-Toledo International presently has a consensus rating of “Hold” and an average price target of $632.00.
Shares of Mettler-Toledo International opened at $554.83 on Friday, according to MarketBeat Ratings. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 1.75. Mettler-Toledo International Inc. has a 1-year low of $544.64 and a 1-year high of $697.26. The stock has a market cap of $14.09 billion, a price-to-earnings ratio of 30.84, a P/E/G ratio of 2.12 and a beta of 1.21.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, May 3rd. The medical instruments supplier reported $3.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.73 by $0.01. Mettler-Toledo International had a return on equity of 90.70% and a net margin of 13.50%. The company had revenue of $660.82 million for the quarter, compared to the consensus estimate of $651.87 million. During the same quarter in the prior year, the business earned $3.34 EPS. Mettler-Toledo International’s revenue was up 11.1% on a year-over-year basis. research analysts expect that Mettler-Toledo International Inc. will post 20.25 earnings per share for the current fiscal year.
Mettler-Toledo International Profile
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.
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