Quadrant Private Wealth Management LLC boosted its position in Mettler-Toledo International Inc. (NYSE:MTD) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 399 shares of the medical instruments supplier’s stock after acquiring an additional 17 shares during the quarter. Quadrant Private Wealth Management LLC’s holdings in Mettler-Toledo International were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTD. First Personal Financial Services grew its stake in shares of Mettler-Toledo International by 38.2% during the fourth quarter. First Personal Financial Services now owns 94 shares of the medical instruments supplier’s stock valued at $53,000 after buying an additional 26 shares during the last quarter. CWM LLC grew its stake in shares of Mettler-Toledo International by 108.9% during the fourth quarter. CWM LLC now owns 94 shares of the medical instruments supplier’s stock valued at $53,000 after buying an additional 49 shares during the last quarter. Moody National Bank Trust Division bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at about $68,000. Lavaca Capital LLC bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at about $85,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Mettler-Toledo International by 143.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 180 shares of the medical instruments supplier’s stock valued at $110,000 after buying an additional 106 shares during the last quarter. 93.75% of the stock is currently owned by institutional investors and hedge funds.
NYSE MTD opened at $662.30 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.06 and a debt-to-equity ratio of 1.67. The stock has a market capitalization of $16.59 billion, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 2.29 and a beta of 1.30. Mettler-Toledo International Inc. has a 1 year low of $500.74 and a 1 year high of $666.46.
Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, February 7th. The medical instruments supplier reported $6.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.74 by $0.11. The company had revenue of $817.92 million for the quarter, compared to analysts’ expectations of $807.58 million. Mettler-Toledo International had a return on equity of 94.57% and a net margin of 17.46%. Mettler-Toledo International’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm earned $5.97 earnings per share. As a group, analysts anticipate that Mettler-Toledo International Inc. will post 22.6 EPS for the current fiscal year.
In related news, insider La Guerroniere Marc De sold 6,245 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $642.79, for a total value of $4,014,223.55. Following the sale, the insider now directly owns 6,245 shares of the company’s stock, valued at $4,014,223.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hans Ulrich Maerki sold 3,384 shares of the firm’s stock in a transaction dated Tuesday, November 27th. The stock was sold at an average price of $605.00, for a total value of $2,047,320.00. The disclosure for this sale can be found here. Insiders sold 26,695 shares of company stock worth $16,459,743 over the last three months. 4.80% of the stock is owned by insiders.
A number of research analysts have recently issued reports on MTD shares. Zacks Investment Research cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. ValuEngine raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Bank of America cut Mettler-Toledo International from a “buy” rating to a “neutral” rating and set a $546.04 price objective on the stock. in a research note on Thursday, January 3rd. Finally, Evercore ISI cut Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a research note on Thursday, January 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $595.67.
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About Mettler-Toledo International
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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