Strategy Asset Managers LLC Decreases Holdings in Mettler-Toledo International, Inc. (MTD)
Strategy Asset Managers LLC lowered its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,882 shares of the medical instruments supplier’s stock after selling 136 shares during the period. Strategy Asset Managers LLC’s holdings in Mettler-Toledo International were worth $3,683,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. First Personal Financial Services boosted its stake in shares of Mettler-Toledo International by 2.8% during the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after buying an additional 5 shares during the period. Sun Life Financial INC lifted its stake in shares of Mettler-Toledo International by 2,585.7% in the 2nd quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock valued at $111,000 after purchasing an additional 181 shares during the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at $118,000. CAPROCK Group Inc. acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at $205,000. Finally, Personal Capital Advisors Corp acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at $206,000. 93.52% of the stock is owned by institutional investors.
Mettler-Toledo International, Inc. (MTD) traded down $4.16 during trading on Monday, reaching $622.66. 167,800 shares of the company’s stock were exchanged, compared to its average volume of 158,863. The firm has a market cap of $15,850.00, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 2.84 and a beta of 1.13. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.51. Mettler-Toledo International, Inc. has a 52-week low of $407.87 and a 52-week high of $694.48.
Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.32 by $0.04. The firm had revenue of $698.80 million during the quarter, compared to analyst estimates of $685.56 million. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.89 EPS. analysts forecast that Mettler-Toledo International, Inc. will post 17.52 earnings per share for the current year.
Several equities research analysts recently issued reports on MTD shares. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $684.00 price objective for the company in a research note on Friday, July 21st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $565.00 price objective (up previously from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $550.00 price objective on shares of Mettler-Toledo International in a research note on Thursday, July 27th. BidaskClub lowered shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $690.00 target price on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $621.57.
In other news, insider Thomas Caratsch sold 1,500 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $588.00, for a total transaction of $882,000.00. Following the transaction, the insider now owns 2,270 shares in the company, valued at approximately $1,334,760. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christian Magloth sold 750 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $590.00, for a total transaction of $442,500.00. Following the transaction, the insider now owns 750 shares in the company, valued at approximately $442,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,065 shares of company stock worth $12,128,286. Insiders own 5.20% of the company’s stock.
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Mettler-Toledo International Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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