LS Investment Advisors LLC decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 17.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,000 shares of the medical instruments supplier’s stock after selling 205 shares during the period. LS Investment Advisors LLC’s holdings in Mettler-Toledo International were worth $566,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. CWM LLC increased its holdings in shares of Mettler-Toledo International by 108.9% in 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 in the last quarter. First Personal Financial Services raised its stake in Mettler-Toledo International by 38.2% during the 4th quarter. First Personal Financial Services now owns 94 shares of the medical instruments supplier’s stock valued at $53,000 after purchasing an additional 26 shares during the period. Moody National Bank Trust Division acquired a new stake in Mettler-Toledo International during the 4th quarter valued at $68,000. Lavaca Capital LLC acquired a new stake in Mettler-Toledo International during the 4th quarter valued at $85,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Mettler-Toledo International by 143.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 180 shares of the medical instruments supplier’s stock valued at $110,000 after purchasing an additional 106 shares during the period. 93.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE:MTD opened at $662.30 on Monday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.06 and a current ratio of 1.42. Mettler-Toledo International Inc. has a 12-month low of $500.74 and a 12-month high of $666.46. The firm has a market cap of $16.59 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.29 and a beta of 1.30.
Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, February 7th. The medical instruments supplier reported $6.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.74 by $0.11. Mettler-Toledo International had a net margin of 17.46% and a return on equity of 94.57%. The company had revenue of $817.92 million for the quarter, compared to the consensus estimate of $807.58 million. During the same period in the previous year, the business earned $5.97 EPS. The company’s revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts forecast that Mettler-Toledo International Inc. will post 22.6 earnings per share for the current fiscal year.
In other news, Director Hans Ulrich Maerki sold 2,600 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $650.00, for a total transaction of $1,690,000.00. Following the transaction, the director now directly owns 9,487 shares in the company, valued at approximately $6,166,550. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William P. Donnelly sold 2,500 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $598.20, for a total transaction of $1,495,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,695 shares of company stock worth $16,459,743. 4.80% of the stock is currently owned by corporate insiders.
Several analysts have issued reports on the stock. ValuEngine raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. Bank of America downgraded shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating and set a $546.04 target price on the stock. in a research note on Thursday, January 3rd. Finally, Evercore ISI downgraded shares of Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a research note on Thursday, January 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $595.67.
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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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