Scout Investments Inc. lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,487 shares of the medical instruments supplier’s stock after purchasing an additional 322 shares during the period. Scout Investments Inc. owned about 0.09% of Mettler-Toledo International worth $15,840,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Mettler-Toledo International by 1.2% during the second quarter. Vanguard Group Inc. now owns 2,773,530 shares of the medical instruments supplier’s stock worth $2,329,765,000 after purchasing an additional 34,044 shares in the last quarter. FMR LLC increased its position in shares of Mettler-Toledo International by 2.4% during the first quarter. FMR LLC now owns 2,370,745 shares of the medical instruments supplier’s stock worth $1,714,049,000 after purchasing an additional 56,298 shares in the last quarter. BlackRock Inc. increased its position in shares of Mettler-Toledo International by 7.4% during the second quarter. BlackRock Inc. now owns 1,858,924 shares of the medical instruments supplier’s stock worth $1,561,497,000 after purchasing an additional 128,157 shares in the last quarter. WCM Investment Management LLC increased its position in shares of Mettler-Toledo International by 3.5% during the second quarter. WCM Investment Management LLC now owns 1,548,699 shares of the medical instruments supplier’s stock worth $1,300,908,000 after purchasing an additional 52,874 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Mettler-Toledo International by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 365,142 shares of the medical instruments supplier’s stock worth $306,720,000 after purchasing an additional 6,332 shares in the last quarter. Institutional investors and hedge funds own 98.73% of the company’s stock.
A number of analysts have recently commented on the company. Barclays cut their target price on Mettler-Toledo International from $680.00 to $640.00 and set an “underweight” rating on the stock in a research report on Wednesday. ValuEngine cut Mettler-Toledo International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Mettler-Toledo International has a consensus rating of “Hold” and an average price target of $680.60.
MTD stock traded up $8.94 during trading on Wednesday, hitting $667.55. The company had a trading volume of 20,491 shares, compared to its average volume of 164,524. The firm has a market cap of $16.89 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 2.20 and a beta of 1.37. Mettler-Toledo International Inc. has a 1-year low of $500.74 and a 1-year high of $873.51. The firm has a 50-day moving average price of $682.32 and a 200-day moving average price of $739.85. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 2.16.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $5.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.09 by $0.07. The firm had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $736.23 million. Mettler-Toledo International had a return on equity of 98.65% and a net margin of 18.45%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.65 EPS. Sell-side analysts anticipate that Mettler-Toledo International Inc. will post 22.71 earnings per share for the current year.
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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