American International Group Inc. trimmed its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 12.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,653 shares of the medical instruments supplier’s stock after selling 1,082 shares during the quarter. American International Group Inc.’s holdings in Mettler-Toledo International were worth $4,792,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. CAPROCK Group Inc. purchased a new position in Mettler-Toledo International during the second quarter worth about $205,000. Sei Investments Co. grew its position in Mettler-Toledo International by 34.4% during the second quarter. Sei Investments Co. now owns 23,073 shares of the medical instruments supplier’s stock worth $13,580,000 after buying an additional 5,903 shares in the last quarter. Pictet Asset Management Ltd. grew its position in Mettler-Toledo International by 6.6% during the second quarter. Pictet Asset Management Ltd. now owns 111,332 shares of the medical instruments supplier’s stock worth $64,885,000 after buying an additional 6,934 shares in the last quarter. Advisor Partners LLC grew its position in Mettler-Toledo International by 3.5% during the second quarter. Advisor Partners LLC now owns 468 shares of the medical instruments supplier’s stock worth $275,000 after buying an additional 16 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Mettler-Toledo International by 66,357.9% during the second quarter. Canada Pension Plan Investment Board now owns 12,627 shares of the medical instruments supplier’s stock worth $7,431,000 after buying an additional 12,608 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.
In other news, EVP William P. Donnelly sold 5,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $632.14, for a total value of $3,160,700.00. Following the completion of the sale, the executive vice president now owns 6,000 shares of the company’s stock, valued at approximately $3,792,840. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William P. Donnelly sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $630.02, for a total value of $6,300,200.00. The disclosure for this sale can be found here. Insiders sold a total of 40,859 shares of company stock valued at $25,786,789 over the last quarter. Company insiders own 5.20% of the company’s stock.
Mettler-Toledo International, Inc. (NYSE MTD) traded up $5.45 on Wednesday, hitting $612.25. The stock had a trading volume of 155,900 shares, compared to its average volume of 156,904. Mettler-Toledo International, Inc. has a 1 year low of $408.65 and a 1 year high of $694.48. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.51 and a quick ratio of 1.11. The stock has a market cap of $15,521.41, a PE ratio of 35.90, a P/E/G ratio of 2.77 and a beta of 1.09.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.32 by $0.04. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The firm had revenue of $698.80 million during the quarter, compared to analysts’ expectations of $685.56 million. During the same period in the prior year, the business earned $3.89 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. research analysts expect that Mettler-Toledo International, Inc. will post 17.52 EPS for the current fiscal year.
Several research firms recently commented on MTD. BidaskClub upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 target price for the company in a research report on Thursday, September 21st. Bank of America boosted their target price 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. Morgan Stanley restated an “equal weight” rating and set a $535.00 target price (down from $565.00) on shares of Mettler-Toledo International in a research report on Friday, October 6th. Finally, Jefferies Group restated a “hold” rating and set a $600.00 target price on shares of Mettler-Toledo International in a research report on Friday, October 20th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $621.57.
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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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