Mettler-Toledo International Inc. (MTD) Stake Increased by Checchi Capital Advisers LLC
Checchi Capital Advisers LLC raised its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 3.3% during the second quarter, Holdings Channel reports. The institutional investor owned 316 shares of the company’s stock after buying an additional 10 shares during the period. Checchi Capital Advisers LLC’s holdings in Mettler-Toledo International were worth $115,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal London Asset Management Ltd. increased its position in Mettler-Toledo International by 3.0% in the fourth quarter. Royal London Asset Management Ltd. now owns 8,744 shares of the company’s stock worth $3,012,000 after buying an additional 252 shares during the period. Norges Bank purchased a new position in Mettler-Toledo International during the fourth quarter worth $82,849,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in Mettler-Toledo International by 11.6% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 8,487 shares of the company’s stock worth $2,926,000 after buying an additional 880 shares during the period. Glenmede Trust Co. NA increased its position in Mettler-Toledo International by 103.0% in the first quarter. Glenmede Trust Co. NA now owns 110,726 shares of the company’s stock worth $38,172,000 after buying an additional 56,190 shares during the period. Finally, Aperio Group LLC increased its position in Mettler-Toledo International by 17.9% in the first quarter. Aperio Group LLC now owns 10,840 shares of the company’s stock worth $3,737,000 after buying an additional 1,642 shares during the period. Institutional investors own 95.82% of the company’s stock.
Mettler-Toledo International Inc. (NYSE:MTD) traded up 0.18% during trading on Friday, reaching $399.78. The company had a trading volume of 249,478 shares. The stock has a 50 day moving average of $401.89 and a 200-day moving average of $371.08. Mettler-Toledo International Inc. has a 12-month low of $275.30 and a 12-month high of $416.75. The stock has a market capitalization of $10.59 billion, a P/E ratio of 30.87 and a beta of 1.22.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $3.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.13 by $0.09. The business earned $608.28 million during the quarter, compared to the consensus estimate of $598.20 million. Mettler-Toledo International had a net margin of 14.74% and a return on equity of 68.23%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.80 earnings per share. On average, analysts forecast that Mettler-Toledo International Inc. will post $14.45 earnings per share for the current fiscal year.
A number of research analysts have weighed in on the company. JPMorgan Chase & Co. upped their target price on Mettler-Toledo International from $350.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Bank of America Corp. upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $404.33 to $470.00 in a report on Wednesday, August 31st. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, August 6th. Finally, Citigroup Inc. downgraded Mettler-Toledo International from a “buy” rating to a “neutral” rating and upped their target price for the stock from $382.00 to $400.00 in a report on Thursday, June 23rd. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus target price of $378.38.
In other news, Director Thomas P. Salice sold 460 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $414.03, for a total transaction of $190,453.80. Following the completion of the sale, the director now owns 32,578 shares of the company’s stock, valued at $13,488,269.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Waldemar Rauch sold 3,042 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $410.56, for a total transaction of $1,248,923.52. Following the sale, the insider now directly owns 14,938 shares of the company’s stock, valued at approximately $6,132,945.28. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.
About Mettler-Toledo International
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes.
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