Dupont Capital Management Corp increased its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 23.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 9,136 shares of the medical instruments supplier’s stock after purchasing an additional 1,748 shares during the quarter. Dupont Capital Management Corp’s holdings in Mettler-Toledo International were worth $5,564,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in MTD. Captrust Financial Advisors raised its holdings in Mettler-Toledo International by 306.7% during the second quarter. Captrust Financial Advisors now owns 183 shares of the medical instruments supplier’s stock valued at $106,000 after acquiring an additional 138 shares during the period. IFP Advisors Inc raised its holdings in Mettler-Toledo International by 603.7% during the third quarter. IFP Advisors Inc now owns 190 shares of the medical instruments supplier’s stock valued at $116,000 after acquiring an additional 163 shares during the period. Cornerstone Advisors Inc. raised its holdings in Mettler-Toledo International by 7,233.3% during the second quarter. Cornerstone Advisors Inc. now owns 220 shares of the medical instruments supplier’s stock valued at $127,000 after acquiring an additional 217 shares during the period. Piedmont Investment Advisors LLC bought a new stake in Mettler-Toledo International during the second quarter valued at about $167,000. Finally, First Hawaiian Bank bought a new stake in Mettler-Toledo International during the third quarter valued at about $204,000. 92.37% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on MTD shares. Morgan Stanley raised their price target on Mettler-Toledo International from $529.00 to $572.00 and gave the company an “equal weight” rating in a report on Wednesday, October 10th. UBS Group started coverage on Mettler-Toledo International in a report on Tuesday, October 9th. They set a “neutral” rating and a $625.00 price target on the stock. JPMorgan Chase & Co. raised their price target on Mettler-Toledo International from $550.00 to $600.00 and gave the company a “neutral” rating in a report on Friday, July 27th. Finally, Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $621.00 price target on the stock in a report on Friday, October 12th. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $624.00.
NYSE:MTD opened at $608.03 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 1.92. The stock has a market cap of $14.94 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 2.38 and a beta of 1.15. Mettler-Toledo International Inc. has a 52 week low of $521.79 and a 52 week high of $697.26.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 8th. The medical instruments supplier reported $5.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.99 by $0.13. The firm had revenue of $734.85 million during the quarter, compared to analyst estimates of $738.23 million. Mettler-Toledo International had a return on equity of 90.80% and a net margin of 13.52%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $4.36 earnings per share. As a group, analysts predict that Mettler-Toledo International Inc. will post 20.18 earnings per share for the current fiscal year.
In other news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $590.00, for a total transaction of $177,000.00. Following the completion of the transaction, the chief financial officer now owns 5,599 shares in the company, valued at $3,303,410. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider La Guerroniere Marc De sold 4,609 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $580.37, for a total value of $2,674,925.33. Following the transaction, the insider now owns 4,609 shares of the company’s stock, valued at approximately $2,674,925.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,858 shares of company stock valued at $8,681,504. Company insiders own 4.80% of the company’s stock.
About Mettler-Toledo International
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; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.
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