Bessemer Group Inc. reduced its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 10.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,087 shares of the medical instruments supplier’s stock after selling 355 shares during the quarter. Bessemer Group Inc.’s holdings in Mettler-Toledo International were worth $1,933,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. First Personal Financial Services increased its position in Mettler-Toledo International by 2.8% in the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after acquiring an additional 5 shares during the period. Sun Life Financial INC increased its position in 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 acquiring an additional 181 shares during the period. Acrospire Investment Management LLC acquired a new stake in Mettler-Toledo International in the 2nd quarter valued at approximately $118,000. CAPROCK Group Inc. acquired a new stake in Mettler-Toledo International in the 2nd quarter valued at approximately $205,000. Finally, Personal Capital Advisors Corp bought a new position in Mettler-Toledo International during the 2nd quarter valued at $206,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.
Shares of Mettler-Toledo International, Inc. (NYSE MTD) opened at $630.84 on Tuesday. The firm has a market capitalization of $15,927.09, a price-to-earnings ratio of 36.84, a PEG 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 one year low of $407.87 and a one year high of $694.48.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.04. The business had revenue of $698.80 million during the quarter, compared to analyst estimates of $685.56 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $3.89 EPS. research analysts anticipate that Mettler-Toledo International, Inc. will post 17.52 earnings per share for the current year.
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A number of brokerages have issued reports on MTD. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Morgan Stanley increased their price target on Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. Robert W. Baird increased their price target on Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $600.00 price target on shares of Mettler-Toledo International in a research note on Friday, October 20th. Finally, Bank of America Corporation increased their price target on Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Mettler-Toledo International has an average rating of “Buy” and an average price target of $621.57.
In other news, Director Robert F. Spoerry sold 5,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $590.78, for a total transaction of $2,953,900.00. Following the completion of the sale, the director now directly owns 8,287 shares of the company’s stock, valued at approximately $4,895,793.86. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Wah-Hui Chu sold 500 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $589.16, for a total value of $294,580.00. Following the sale, the director now directly owns 3,243 shares of the company’s stock, valued at $1,910,645.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,065 shares of company stock valued at $12,128,286. Corporate insiders own 5.20% of the company’s stock.
Mettler-Toledo International Company 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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