Fuller & Thaler Asset Management Inc. cut its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 36.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 355 shares of the medical instruments supplier’s stock after selling 200 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Mettler-Toledo International were worth $222,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. First Personal Financial Services grew its stake in 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 worth $109,000 after buying an additional 5 shares during the last quarter. Sun Life Financial INC grew its stake in Mettler-Toledo International by 2,585.7% during the 2nd quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock worth $111,000 after buying an additional 181 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Mettler-Toledo International during the 2nd quarter worth $118,000. Quantbot Technologies LP bought a new position in Mettler-Toledo International during the 3rd quarter worth $193,000. Finally, CAPROCK Group Inc. bought a new position in Mettler-Toledo International during the 2nd quarter worth $205,000. Institutional investors own 93.38% of the company’s stock.
In other news, CFO Shawn Vadala sold 226 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $629.36, for a total value of $142,235.36. Following the completion of the sale, the chief financial officer now owns 5,299 shares in the company, valued at $3,334,978.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard D. Francis acquired 160 shares of the business’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average price of $627.91 per share, with a total value of $100,465.60. Following the acquisition, the director now owns 254 shares of the company’s stock, valued at $159,489.14. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 40,638 shares of company stock valued at $25,510,914. Insiders own 5.20% of the company’s stock.
A number of research analysts recently commented on MTD shares. Morgan Stanley upped their price objective on Mettler-Toledo International from $535.00 to $545.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Jefferies Group LLC restated a “hold” rating and set a $600.00 price objective on shares of Mettler-Toledo International in a research note on Friday, October 20th. Robert W. Baird boosted their price target on Mettler-Toledo International from $605.00 to $675.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $705.00 price target for the company in a research report on Thursday, September 14th. Finally, Bank of America Corporation boosted their price target on Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a research report on Monday, October 9th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $621.57.
Shares of Mettler-Toledo International, Inc. (MTD) traded up $8.67 during mid-day trading on Monday, reaching $635.02. The company’s stock had a trading volume of 48,800 shares, compared to its average volume of 157,101. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 2.05. The firm has a market cap of $16,240.00, a price-to-earnings ratio of 37.58, a PEG ratio of 2.90 and a beta of 1.13. 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 announced its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, beating the Thomson Reuters’ 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.89 earnings per share. analysts predict that Mettler-Toledo International, Inc. will post 17.52 EPS for the current year.
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About Mettler-Toledo International
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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