CWM Advisors LLC lifted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 21.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 695 shares of the medical instruments supplier’s stock after purchasing an additional 121 shares during the quarter. CWM Advisors LLC’s holdings in Mettler-Toledo International were worth $552,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Rhumbline Advisers increased its position in Mettler-Toledo International by 4.3% in the 3rd quarter. Rhumbline Advisers now owns 68,489 shares of the medical instruments supplier’s stock valued at $48,244,000 after acquiring an additional 2,818 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Mettler-Toledo International by 5.4% during the third quarter. Voya Investment Management LLC now owns 16,466 shares of the medical instruments supplier’s stock valued at $11,598,000 after purchasing an additional 837 shares during the last quarter. Papp L Roy & Associates grew its stake in shares of Mettler-Toledo International by 0.3% during the third quarter. Papp L Roy & Associates now owns 12,422 shares of the medical instruments supplier’s stock valued at $8,750,000 after purchasing an additional 34 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Mettler-Toledo International during the third quarter valued at approximately $1,309,000. Finally, CWM LLC increased its holdings in shares of Mettler-Toledo International by 20.7% in 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. Institutional investors and hedge funds own 95.89% of the company’s stock.
In related news, CFO Shawn Vadala sold 100 shares of Mettler-Toledo International stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $711.50, for a total transaction of $71,150.00. Following the completion of the sale, the chief financial officer now directly owns 5,730 shares of the company’s stock, valued at $4,076,895. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Michael Heidingsfelder sold 4,415 shares of the company’s 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 sale, the insider now owns 800 shares of the company’s stock, valued at approximately $568,656. The disclosure for this sale can be found here. Insiders have sold a total of 32,799 shares of company stock valued at $23,772,284 in the last quarter. Corporate insiders own 3.50% of the company’s stock.
Shares of NYSE:MTD opened at $819.95 on Friday. Mettler-Toledo International Inc. has a one year low of $606.14 and a one year high of $873.51. The company has a 50 day moving average of $796.66 and a 200-day moving average of $735.73. 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 cap of $20.24 billion, a price-to-earnings ratio of 37.63, a P/E/G ratio of 2.51 and a beta of 1.36.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $5.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.71 by $0.06. Mettler-Toledo International had a net margin of 18.42% and a return on equity of 105.34%. The business had revenue of $753.90 million during the quarter, compared to the consensus estimate of $751.34 million. During the same period in the previous year, the firm posted $5.12 earnings per share. Mettler-Toledo International’s revenue for the quarter was up 2.6% compared to the same quarter last year. Equities research analysts anticipate that Mettler-Toledo International Inc. will post 22.68 earnings per share for the current year.
Several research firms recently weighed in on MTD. Stifel Nicolaus began coverage on shares of Mettler-Toledo International in a research report on Thursday, November 14th. They issued a “hold” rating and a $790.00 price objective for the company. UBS Group lowered their target price on Mettler-Toledo International from $680.00 to $670.00 and set a “sell” rating for the company in a research note on Friday, November 8th. Barclays lowered their target price on Mettler-Toledo International from $680.00 to $640.00 and set an “underweight” rating for the company in a research note on Wednesday, October 9th. Zacks Investment Research downgraded Mettler-Toledo International from a “hold” rating to a “sell” rating and set a $845.00 target price for the company. in a research report on Friday, January 3rd. Finally, Wells Fargo & Co started coverage on Mettler-Toledo International in a research note on Tuesday, January 7th. They set an “equal weight” rating and a $815.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price 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.
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