Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by DekaBank Deutsche Girozentrale


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DekaBank Deutsche Girozentrale lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 19,016 shares of the medical instruments supplier’s stock after acquiring an additional 180 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Mettler-Toledo International were worth $21,521,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MTD. Morgan Stanley increased its holdings in shares of Mettler-Toledo International by 87.9% during the 3rd quarter. Morgan Stanley now owns 78,748 shares of the medical instruments supplier’s stock worth $76,051,000 after buying an additional 36,847 shares during the last quarter. Public Sector Pension Investment Board increased its holdings in Mettler-Toledo International by 26.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 2,891 shares of the medical instruments supplier’s stock valued at $2,792,000 after purchasing an additional 600 shares during the last quarter. Squarepoint Ops LLC increased its holdings in Mettler-Toledo International by 200.2% in the 3rd quarter. Squarepoint Ops LLC now owns 5,883 shares of the medical instruments supplier’s stock valued at $5,682,000 after purchasing an additional 3,923 shares during the last quarter. Advisory Alpha LLC acquired a new stake in Mettler-Toledo International in the 3rd quarter valued at approximately $51,000. Finally, Lombard Odier Asset Management Switzerland SA purchased a new position in Mettler-Toledo International in the 3rd quarter valued at approximately $696,000. Institutional investors and hedge funds own 93.18% of the company’s stock.

Shares of MTD opened at $1,199.84 on Thursday. Mettler-Toledo International Inc. has a 1-year low of $661.32 and a 1-year high of $1,271.67. The stock has a market cap of $27.98 billion, a PE ratio of 50.48, a price-to-earnings-growth ratio of 3.58 and a beta of 1.04. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.37 and a quick ratio of 0.99. The firm has a fifty day moving average price of $1,122.71 and a 200 day moving average price of $1,121.71.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, February 4th. The medical instruments supplier reported $9.26 earnings per share for the quarter, beating analysts’ consensus estimates of $8.72 by $0.54. Mettler-Toledo International had a net margin of 19.36% and a return on equity of 144.89%. The firm had revenue of $937.99 million during the quarter, compared to analysts’ expectations of $903.92 million. During the same period in the previous year, the company earned $7.78 earnings per share. As a group, equities analysts expect that Mettler-Toledo International Inc. will post 25 EPS for the current fiscal year.

Several brokerages have commented on MTD. Wells Fargo & Company raised their price target on shares of Mettler-Toledo International from $1,100.00 to $1,300.00 and gave the company an “equal weight” rating in a research report on Friday, February 5th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their price target on shares of Mettler-Toledo International from $1,150.00 to $1,200.00 in a research report on Wednesday, December 16th. Smith Barney Citigroup raised their price target on shares of Mettler-Toledo International from $1,150.00 to $1,200.00 in a research report on Wednesday, December 16th. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $1,255.00 price objective for the company in a research report on Tuesday, February 9th. Finally, Cleveland Research raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research report on Thursday, December 17th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $968.10.

In other Mettler-Toledo International news, Director Wah-Hui Chu sold 37 shares of Mettler-Toledo International stock in a transaction on Friday, February 12th. The shares were sold at an average price of $1,218.00, for a total value of $45,066.00. Following the transaction, the director now directly owns 2,257 shares in the company, valued at $2,749,026. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider La Guerroniere Marc De sold 6,000 shares of Mettler-Toledo International stock in a transaction on Thursday, February 11th. The shares were sold at an average price of $1,202.28, for a total transaction of $7,213,680.00. Following the completion of the transaction, the insider now owns 10,796 shares in the company, valued at $12,979,814.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,700 shares of company stock worth $18,886,523. 3.20% of the stock is currently owned by company insiders.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and 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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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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