Allred Capital Management LLC acquired a new stake in Mettler-Toledo International Inc. (NYSE:MTD) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 91 shares of the medical instruments supplier’s stock, valued at approximately $72,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ropes Wealth Advisors LLC lifted its holdings in shares of Mettler-Toledo International by 170.6% during the 3rd quarter. Ropes Wealth Advisors LLC now owns 46 shares of the medical instruments supplier’s stock worth $32,000 after acquiring an additional 29 shares during the period. CSat Investment Advisory L.P. raised its position in Mettler-Toledo International by 136.0% during the second quarter. CSat Investment Advisory L.P. now owns 59 shares of the medical instruments supplier’s stock valued at $50,000 after purchasing an additional 34 shares in the last quarter. CWM LLC raised its position in Mettler-Toledo International by 20.7% during the third quarter. CWM LLC now owns 111 shares of the medical instruments supplier’s stock valued at $78,000 after purchasing an additional 19 shares in the last quarter. Permanens Capital L.P. lifted its stake in Mettler-Toledo International by 20.0% during the third quarter. Permanens Capital L.P. now owns 120 shares of the medical instruments supplier’s stock worth $85,000 after purchasing an additional 20 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Mettler-Toledo International during the second quarter worth $136,000. 95.84% of the stock is owned by hedge funds and other institutional investors.
In other Mettler-Toledo International news, insider Simon Kirk sold 2,523 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $761.00, for a total value of $1,920,003.00. Also, insider Michael Heidingsfelder sold 4,415 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $710.82, for a total value of $3,138,270.30. Following the completion of the transaction, the insider now owns 800 shares of the company’s stock, valued at $568,656. The disclosure for this sale can be found here. Insiders sold a total of 32,799 shares of company stock valued at $23,772,284 over the last quarter. 3.50% of the stock is owned by corporate insiders.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered Mettler-Toledo International from a “hold” rating to a “sell” rating and set a $845.00 price target on the stock. in a research note on Friday, January 3rd. Wells Fargo & Co started coverage on Mettler-Toledo International in a report on Tuesday, January 7th. They set an “equal weight” rating and a $815.00 price target for the company. Barclays dropped their price objective on Mettler-Toledo International from $680.00 to $640.00 and set an “underweight” rating for the company in a research report on Wednesday, October 9th. Citigroup began coverage on Mettler-Toledo International in a research note on Monday, January 6th. They issued a “neutral” rating and a $800.00 price objective on the stock. Finally, Bank of America cut Mettler-Toledo International from a “buy” rating to a “neutral” rating in a research report on Friday, January 3rd. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $754.29.
MTD stock opened at $830.63 on Wednesday. The company has a 50 day simple moving average of $775.56 and a 200 day simple moving average of $736.74. The stock has a market cap of $20.25 billion, a price-to-earnings ratio of 40.88, a P/E/G ratio of 2.47 and a beta of 1.36. Mettler-Toledo International Inc. has a 1 year low of $572.71 and a 1 year high of $873.51. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.34 and a quick ratio of 0.95.
Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, November 7th. The medical instruments supplier reported $5.77 earnings per share for the quarter, beating analysts’ consensus estimates of $5.71 by $0.06. The firm had revenue of $753.90 million for the quarter, compared to analyst estimates of $751.34 million. Mettler-Toledo International had a net margin of 18.42% and a return on equity of 105.34%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the business posted $5.12 earnings per share. On average, equities research analysts anticipate that Mettler-Toledo International Inc. will post 22.68 EPS for the current fiscal year.
Mettler-Toledo International Company 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; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.
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