Blair William & Co. IL trimmed its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 10.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,910 shares of the medical instruments supplier’s stock after selling 337 shares during the quarter. Blair William & Co. IL’s holdings in Mettler-Toledo International were worth $1,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Signaturefd LLC purchased a new stake in shares of Mettler-Toledo International in the first quarter worth approximately $111,000. Alps Advisors Inc. purchased a new stake in shares of Mettler-Toledo International in the first quarter worth approximately $202,000. Gideon Capital Advisors Inc. purchased a new stake in shares of Mettler-Toledo International in the first quarter worth approximately $233,000. Campbell & CO Investment Adviser LLC bought a new position in Mettler-Toledo International during the first quarter valued at approximately $251,000. Finally, IBM Retirement Fund raised its position in Mettler-Toledo International by 46.5% during the first quarter. IBM Retirement Fund now owns 551 shares of the medical instruments supplier’s stock valued at $317,000 after acquiring an additional 175 shares in the last quarter. 92.23% of the stock is owned by institutional investors and hedge funds.
In other news, Director Wah-Hui Chu sold 1,150 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $587.83, for a total value of $676,004.50. Following the transaction, the director now owns 3,278 shares of the company’s stock, valued at $1,926,906.74. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Michael Heidingsfelder sold 2,562 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $590.00, for a total transaction of $1,511,580.00. Following the completion of the transaction, the insider now directly owns 1,840 shares in the company, valued at approximately $1,085,600. The disclosure for this sale can be found here. In the last three months, insiders sold 18,934 shares of company stock worth $10,795,962. Insiders own 4.80% of the company’s stock.
Several brokerages recently weighed in on MTD. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $640.00 price objective on the stock in a research report on Wednesday, April 11th. Cleveland Research lowered shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 1st. Deutsche Bank cut their price objective on shares of Mettler-Toledo International from $630.00 to $610.00 and set a “hold” rating on the stock in a research report on Friday, May 4th. Goldman Sachs Group lowered shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating in a research report on Monday, April 9th. Finally, Bank of America cut their price objective on shares of Mettler-Toledo International from $710.00 to $640.00 and set a “buy” rating on the stock in a research report on Friday, May 4th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $632.00.
Mettler-Toledo International opened at $576.33 on Friday, MarketBeat Ratings reports. Mettler-Toledo International Inc. has a 12 month low of $540.24 and a 12 month high of $697.26. The company has a market capitalization of $14.75 billion, a PE ratio of 32.80, a PEG ratio of 2.22 and a beta of 1.19. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.02 and a current ratio of 1.46.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, May 3rd. The medical instruments supplier reported $3.74 EPS for the quarter, beating the Zacks’ consensus estimate of $3.73 by $0.01. Mettler-Toledo International had a net margin of 13.50% and a return on equity of 90.70%. The company had revenue of $660.82 million for the quarter, compared to analyst estimates of $651.87 million. During the same quarter last year, the firm posted $3.34 earnings per share. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. analysts predict 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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