Veriti Management LLC increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD – Get Rating) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 741 shares of the medical instruments supplier's stock after purchasing an additional 35 shares during the period. Veriti Management LLC's holdings in Mettler-Toledo International were worth $851,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of MTD. Vanguard Group Inc. increased its holdings in Mettler-Toledo International by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,534,104 shares of the medical instruments supplier's stock valued at $3,479,806,000 after acquiring an additional 17,826 shares during the last quarter. BlackRock Inc. increased its holdings in Mettler-Toledo International by 5.0% in the 1st quarter. BlackRock Inc. now owns 2,127,758 shares of the medical instruments supplier's stock valued at $2,921,815,000 after acquiring an additional 100,381 shares during the last quarter. State Street Corp increased its holdings in Mettler-Toledo International by 2.8% in the 4th quarter. State Street Corp now owns 1,004,301 shares of the medical instruments supplier's stock valued at $1,704,510,000 after acquiring an additional 27,181 shares during the last quarter. Capital International Investors increased its holdings in Mettler-Toledo International by 12.3% in the 1st quarter. Capital International Investors now owns 591,960 shares of the medical instruments supplier's stock valued at $812,874,000 after acquiring an additional 64,931 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Mettler-Toledo International by 7.9% in the 1st quarter. Invesco Ltd. now owns 224,404 shares of the medical instruments supplier's stock valued at $308,147,000 after acquiring an additional 16,439 shares during the last quarter. 93.00% of the stock is currently owned by institutional investors.
Get Mettler-Toledo International alerts:Insider Buying and Selling at Mettler-Toledo International
In other Mettler-Toledo International news, Director Olivier A. Filliol sold 8,279 shares of the business's stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $1,341.34, for a total value of $11,104,953.86. Following the completion of the sale, the director now directly owns 30 shares of the company's stock, valued at approximately $40,240.20. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Olivier A. Filliol sold 8,279 shares of the business's stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $1,341.34, for a total value of $11,104,953.86. Following the completion of the sale, the director now owns 30 shares in the company, valued at approximately $40,240.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Shawn Vadala sold 800 shares of the business's stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $1,344.06, for a total transaction of $1,075,248.00. Following the completion of the sale, the chief financial officer now owns 4,900 shares of the company's stock, valued at approximately $6,585,894. The disclosure for this sale can be found here. Insiders sold a total of 20,440 shares of company stock valued at $27,465,861 in the last three months. Company insiders own 2.80% of the company's stock.
Mettler-Toledo International Price Performance
MTD stock opened at $1,117.85 on Tuesday. Mettler-Toledo International Inc. has a 12 month low of $1,082.78 and a 12 month high of $1,714.75. The company has a current ratio of 1.18, a quick ratio of 0.77 and a debt-to-equity ratio of 250.82. The company has a 50-day moving average price of $1,267.84 and a 200 day moving average price of $1,266.34. The stock has a market cap of $25.16 billion, a PE ratio of 31.50, a P/E/G ratio of 2.79 and a beta of 1.14.Mettler-Toledo International (NYSE:MTD – Get Rating) last released its quarterly earnings results on Friday, July 29th. The medical instruments supplier reported $9.39 EPS for the quarter, topping analysts' consensus estimates of $8.78 by $0.61. Mettler-Toledo International had a net margin of 21.23% and a return on equity of 799.34%. The firm had revenue of $978.39 million during the quarter, compared to analysts' expectations of $951.81 million. During the same period in the previous year, the company earned $8.10 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts anticipate that Mettler-Toledo International Inc. will post 38.99 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts have issued reports on the stock. Stifel Nicolaus upgraded shares of Mettler-Toledo International from a "hold" rating to a "buy" rating and set a $1,500.00 price target on the stock in a report on Tuesday, September 6th. TheStreet cut shares of Mettler-Toledo International from a "b" rating to a "c+" rating in a research note on Thursday, July 28th. StockNews.com cut shares of Mettler-Toledo International from a "strong-buy" rating to a "buy" rating in a research note on Saturday. The Goldman Sachs Group dropped their price objective on shares of Mettler-Toledo International from $1,280.00 to $1,140.00 and set a "sell" rating for the company in a research note on Thursday, July 14th. Finally, Robert W. Baird lifted their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,406.00 and gave the stock a "neutral" rating in a research note on Monday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $1,338.60.
Mettler-Toledo International Company Profile
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Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.
Further Reading
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