Squar Milner Financial Services LLC boosted its position in Mettler-Toledo International Inc. (NYSE:MTD) by 235.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 114 shares of the medical instruments supplier’s stock after purchasing an additional 80 shares during the quarter. Squar Milner Financial Services LLC’s holdings in Mettler-Toledo International were worth $90,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in MTD. Ropes Wealth Advisors LLC raised its stake in Mettler-Toledo International by 170.6% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 46 shares of the medical instruments supplier’s stock valued at $32,000 after purchasing an additional 29 shares during the last quarter. CSat Investment Advisory L.P. raised its stake in Mettler-Toledo International by 136.0% in the 2nd 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 during the last quarter. Allred Capital Management LLC acquired a new position in Mettler-Toledo International in the 4th quarter valued at about $72,000. CWM LLC raised its stake in Mettler-Toledo International by 20.7% in the 3rd quarter. CWM LLC now owns 111 shares of the medical instruments supplier’s stock valued at $78,000 after purchasing an additional 19 shares during the last quarter. Finally, Permanens Capital L.P. raised its stake in Mettler-Toledo International by 20.0% in the 3rd quarter. Permanens Capital L.P. now owns 120 shares of the medical instruments supplier’s stock valued at $85,000 after purchasing an additional 20 shares during the last quarter. 95.89% of the stock is owned by hedge funds and other institutional investors.
MTD opened at $834.92 on Thursday. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.34 and a quick ratio of 0.95. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 38.17, a price-to-earnings-growth ratio of 2.52 and a beta of 1.36. The business has a 50-day moving average of $793.06 and a two-hundred day moving average of $736.05. Mettler-Toledo International Inc. has a 12 month low of $596.07 and a 12 month high of $873.51.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $5.77 EPS for the quarter, beating the consensus estimate of $5.71 by $0.06. The company had revenue of $753.90 million during the quarter, compared to analysts’ expectations of $751.34 million. Mettler-Toledo International had a return on equity of 105.34% and a net margin of 18.42%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.12 EPS. Equities research analysts anticipate that Mettler-Toledo International Inc. will post 22.68 earnings per share for the current year.
In other news, insider Michael Heidingsfelder sold 4,415 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $710.82, for a total transaction of $3,138,270.30. Following the completion of the sale, the insider now owns 800 shares in the company, valued at approximately $568,656. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Simon Kirk sold 2,523 shares of the business’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. Insiders sold a total of 32,799 shares of company stock valued at $23,772,284 in the last 90 days. 3.50% of the stock is owned by company insiders.
MTD has been the subject of several recent analyst reports. Stifel Nicolaus initiated coverage on Mettler-Toledo International in a report on Thursday, November 14th. They issued a “hold” rating and a $790.00 price target for the company. ValuEngine upgraded Mettler-Toledo International from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Bank of America cut Mettler-Toledo International from a “buy” rating to a “neutral” rating in a report on Friday, January 3rd. Zacks Investment Research cut Mettler-Toledo International from a “hold” rating to a “sell” rating and set a $845.00 price target for the company. in a report on Friday, January 3rd. Finally, UBS Group lowered their price target on Mettler-Toledo International from $680.00 to $670.00 and set a “sell” rating for the company in a report on Friday, November 8th. Three analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. Mettler-Toledo International has a consensus rating of “Hold” and an average price target of $754.29.
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; 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.
Further Reading: Price to Earnings Ratio (PE) Basics
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