MML Investors Services LLC grew its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,378 shares of the medical instruments supplier’s stock after purchasing an additional 323 shares during the period. MML Investors Services LLC’s holdings in Mettler-Toledo International were worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of MTD. Quadrant Private Wealth Management LLC raised its holdings in Mettler-Toledo International by 4.5% during the 4th quarter. Quadrant Private Wealth Management LLC now owns 399 shares of the medical instruments supplier’s stock worth $226,000 after purchasing an additional 17 shares during the last quarter. Wetherby Asset Management Inc. grew its position in Mettler-Toledo International by 2.8% in the 4th quarter. Wetherby Asset Management Inc. now owns 891 shares of the medical instruments supplier’s stock valued at $504,000 after purchasing an additional 24 shares during the period. First Personal Financial Services grew its position in Mettler-Toledo International by 38.2% in the 4th quarter. First Personal Financial Services now owns 94 shares of the medical instruments supplier’s stock valued at $53,000 after purchasing an additional 26 shares during the period. Van ECK Associates Corp grew its position in Mettler-Toledo International by 36.6% in the 4th quarter. Van ECK Associates Corp now owns 97 shares of the medical instruments supplier’s stock valued at $55,000 after purchasing an additional 26 shares during the period. Finally, Raymond James Trust N.A. grew its position in Mettler-Toledo International by 7.0% in the 4th quarter. Raymond James Trust N.A. now owns 411 shares of the medical instruments supplier’s stock valued at $232,000 after purchasing an additional 27 shares during the period. Institutional investors own 95.69% of the company’s stock.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $742.00 price objective on the stock in a report on Tuesday, February 12th. ValuEngine raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Bank of America cut Mettler-Toledo International from a “buy” rating to a “neutral” rating and set a $546.04 target price on the stock. in a research note on Thursday, January 3rd. Finally, Evercore ISI cut Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a research note on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Mettler-Toledo International has a consensus rating of “Hold” and a consensus target price of $615.84.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, February 7th. The medical instruments supplier reported $6.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $6.74 by $0.11. Mettler-Toledo International had a return on equity of 94.57% and a net margin of 17.46%. The firm had revenue of $817.92 million for the quarter, compared to analysts’ expectations of $807.58 million. During the same period in the prior year, the business posted $5.97 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. Equities research analysts forecast that Mettler-Toledo International Inc. will post 22.66 EPS for the current fiscal year.
In other news, insider Gerry Keller sold 250 shares of the business’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $664.50, for a total transaction of $166,125.00. Following the completion of the transaction, the insider now owns 404 shares of the company’s stock, valued at $268,458. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Oliver A. Filliol sold 17,000 shares of the business’s stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $666.64, for a total value of $11,332,880.00. Following the transaction, the chief executive officer now directly owns 33,279 shares of the company’s stock, valued at approximately $22,185,112.56. The disclosure for this sale can be found here. Insiders have sold 150,995 shares of company stock valued at $100,997,450 in the last three months. 3.50% of the stock is owned by insiders.
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Mettler-Toledo International Company Profile
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.
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