Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue raised its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 21.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,395 shares of the medical instruments supplier’s stock after purchasing an additional 948 shares during the period. State of Alaska Department of Revenue’s holdings in Mettler-Toledo International were worth $4,531,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of Mettler-Toledo International in the first quarter valued at approximately $253,000. Marshall Wace LLP lifted its position in shares of Mettler-Toledo International by 21,807.4% in the first quarter. Marshall Wace LLP now owns 14,897 shares of the medical instruments supplier’s stock valued at $10,771,000 after acquiring an additional 14,829 shares in the last quarter. Gulf International Bank UK Ltd lifted its position in shares of Mettler-Toledo International by 11.3% in the first quarter. Gulf International Bank UK Ltd now owns 6,337 shares of the medical instruments supplier’s stock valued at $4,581,000 after acquiring an additional 641 shares in the last quarter. Tiemann Investment Advisors LLC purchased a new position in shares of Mettler-Toledo International in the first quarter valued at approximately $217,000. Finally, Northeast Financial Consultants Inc purchased a new position in shares of Mettler-Toledo International in the first quarter valued at approximately $1,797,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

In other Mettler-Toledo International news, Director Wah-Hui Chu sold 300 shares of Mettler-Toledo International stock in a transaction on Friday, May 17th. The stock was sold at an average price of $740.00, for a total value of $222,000.00. Following the sale, the director now owns 3,154 shares in the company, valued at $2,333,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider La Guerroniere Marc De sold 4,625 shares of Mettler-Toledo International stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $750.00, for a total value of $3,468,750.00. Following the completion of the sale, the insider now owns 16,610 shares in the company, valued at approximately $12,457,500. The disclosure for this sale can be found here. Insiders sold 48,925 shares of company stock worth $35,650,928 in the last 90 days. Company insiders own 3.50% of the company’s stock.

Mettler-Toledo International stock traded down $41.69 during trading on Friday, reaching $719.10. 12,267 shares of the company were exchanged, compared to its average volume of 189,001. Mettler-Toledo International Inc. has a 52-week low of $500.74 and a 52-week high of $873.51. The firm has a market capitalization of $18.85 billion, a P/E ratio of 35.59, a P/E/G ratio of 2.43 and a beta of 1.33. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.80. The firm’s 50 day moving average price is $820.57.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $5.16 EPS for the quarter, topping the Zacks’ consensus estimate of $5.09 by $0.07. Mettler-Toledo International had a return on equity of 95.67% and a net margin of 17.98%. The firm had revenue of $731.00 million for the quarter, compared to the consensus estimate of $736.23 million. During the same quarter last year, the business posted $4.65 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts predict that Mettler-Toledo International Inc. will post 22.7 earnings per share for the current year.

A number of equities analysts recently commented on MTD shares. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating and set a $811.00 price objective on the stock. in a research report on Friday, June 7th. Bank of America reiterated a “neutral” rating and set a $755.00 price objective (up previously from $725.00) on shares of Mettler-Toledo International in a research report on Tuesday, April 16th. Wolfe Research started coverage on Mettler-Toledo International in a research report on Thursday, May 30th. They set a “peer perform” rating on the stock. ValuEngine downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Barclays downgraded Mettler-Toledo International from an “equal weight” rating to an “underweight” rating and set a $680.00 price objective on the stock. in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus price target of $688.60.

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.

See Also: Accumulation/Distribution

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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