Stevens Capital Management LP lowered its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 91.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 501 shares of the medical instruments supplier’s stock after selling 5,042 shares during the quarter. Stevens Capital Management LP’s holdings in Mettler-Toledo International were worth $362,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Lindbrook Capital LLC bought a new stake in Mettler-Toledo International during the fourth quarter worth $27,000. Executive Wealth Management LLC bought a new stake in Mettler-Toledo International during the fourth quarter worth $33,000. CWM LLC grew its holdings in Mettler-Toledo International by 108.9% during the fourth quarter. CWM LLC now owns 94 shares of the medical instruments supplier’s stock worth $53,000 after buying an additional 49 shares in the last quarter. First Personal Financial Services grew its holdings in Mettler-Toledo International by 38.2% during the fourth quarter. First Personal Financial Services now owns 94 shares of the medical instruments supplier’s stock worth $53,000 after buying an additional 26 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Mettler-Toledo International by 36.6% during the fourth quarter. Van ECK Associates Corp now owns 97 shares of the medical instruments supplier’s stock worth $55,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 96.04% of the company’s stock.
In other news, CFO Shawn Vadala sold 700 shares of the company’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $721.00, for a total transaction of $504,700.00. Following the transaction, the chief financial officer now owns 5,450 shares of the company’s stock, valued at approximately $3,929,450. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert F. Spoerry sold 35,000 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $672.50, for a total value of $23,537,500.00. Following the transaction, the director now directly owns 5,894 shares in the company, valued at approximately $3,963,715. The disclosure for this sale can be found here. In the last three months, insiders sold 65,000 shares of company stock worth $43,735,830. Insiders own 3.50% of the company’s stock.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $4.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.06 by $0.04. Mettler-Toledo International had a return on equity of 95.67% and a net margin of 17.98%. The business had revenue of $679.50 million for the quarter, compared to analysts’ expectations of $673.55 million. During the same quarter in the previous year, the firm earned $3.74 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. As a group, research analysts predict that Mettler-Toledo International Inc. will post 22.7 earnings per share for the current year.
MTD has been the topic of several research analyst reports. ValuEngine raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Bank of America reissued a “neutral” rating and issued a $755.00 price objective (up previously from $725.00) on shares of Mettler-Toledo International in a research report on Tuesday, April 16th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $742.00 price objective on the stock in a research report on Tuesday, February 12th. Finally, Barclays reissued a “hold” rating on shares of Mettler-Toledo International in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Mettler-Toledo International presently has an average rating of “Hold” and a consensus target price of $658.80.
Mettler-Toledo International 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.
Featured Article: Asset Allocation and Your Retirement
Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International Inc. (NYSE:MTD).
Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.