Putnam Investments LLC grew its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 23.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 186,390 shares of the medical instruments supplier’s stock after acquiring an additional 35,046 shares during the quarter. Putnam Investments LLC’s holdings in Mettler-Toledo International were worth $107,851,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Captrust Financial Advisors lifted its position in shares of Mettler-Toledo International by 306.7% in the second quarter. Captrust Financial Advisors now owns 183 shares of the medical instruments supplier’s stock valued at $106,000 after acquiring an additional 138 shares in the last quarter. Signaturefd LLC purchased a new stake in shares of Mettler-Toledo International in the first quarter valued at $111,000. Cornerstone Advisors Inc. lifted its position in shares of Mettler-Toledo International by 7,233.3% in the second quarter. Cornerstone Advisors Inc. now owns 220 shares of the medical instruments supplier’s stock valued at $127,000 after acquiring an additional 217 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at $167,000. Finally, Alps Advisors Inc. purchased a new stake in shares of Mettler-Toledo International in the first quarter valued at $202,000. Institutional investors and hedge funds own 93.35% of the company’s stock.
Several equities analysts recently commented on the company. Zacks Investment Research upgraded Mettler-Toledo International from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Morgan Stanley dropped their target price on Mettler-Toledo International from $540.00 to $529.00 and set an “equal weight” rating for the company in a research note on Friday, July 27th. Finally, JPMorgan Chase & Co. upped their target price on Mettler-Toledo International from $550.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $625.55.
Mettler-Toledo International stock opened at $610.01 on Friday. The firm has a market capitalization of $15.21 billion, a P/E ratio of 32.23, a price-to-earnings-growth ratio of 2.32 and a beta of 1.11. Mettler-Toledo International Inc. has a 52 week low of $540.24 and a 52 week high of $697.26. The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 1.92.
Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, July 26th. The medical instruments supplier reported $4.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.58 by $0.07. The firm had revenue of $722.00 million during the quarter, compared to analyst estimates of $715.69 million. Mettler-Toledo International had a return on equity of 90.80% and a net margin of 13.52%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.92 earnings per share. research analysts predict that Mettler-Toledo International Inc. will post 20.15 EPS for the current year.
In other Mettler-Toledo International news, insider William P. Donnelly sold 500 shares of the company’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $570.00, for a total transaction of $285,000.00. Following the completion of the sale, the insider now directly owns 1,500 shares in the company, valued at $855,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider La Guerroniere Marc De sold 740 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $600.00, for a total value of $444,000.00. Following the sale, the insider now owns 740 shares of the company’s stock, valued at $444,000. The disclosure for this sale can be found here. Insiders sold 18,358 shares of company stock valued at $10,744,204 over the last quarter. Insiders own 4.80% of the company’s stock.
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.
See Also: Trading Strategy Examples and Plans
Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International Inc. (NYSE:MTD).
Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.