Russell Investments Group Ltd. raised its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 292,091 shares of the medical instruments supplier’s stock after buying an additional 2,977 shares during the period. Russell Investments Group Ltd. owned 1.13% of Mettler-Toledo International worth $171,949,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Israel Discount Bank of New York acquired a new position in shares of Mettler-Toledo International during the first quarter valued at about $102,000. YorkBridge Wealth Partners LLC raised its position in shares of Mettler-Toledo International by 11.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 222 shares of the medical instruments supplier’s stock valued at $115,000 after buying an additional 22 shares during the last quarter. TLP Group LLC acquired a new position in shares of Mettler-Toledo International during the first quarter valued at about $144,000. Penserra Capital Management LLC raised its position in shares of Mettler-Toledo International by 9.5% in the first quarter. Penserra Capital Management LLC now owns 414 shares of the medical instruments supplier’s stock valued at $198,000 after buying an additional 36 shares during the last quarter. Finally, Fernwood Investment Management LLC acquired a new position in shares of Mettler-Toledo International during the first quarter valued at about $204,000. 95.72% of the stock is currently owned by institutional investors.
Mettler-Toledo International, Inc. (NYSE:MTD) traded down 0.18% during trading on Friday, reaching $576.61. 120,911 shares of the company’s stock traded hands. The company has a market cap of $14.80 billion, a PE ratio of 35.46 and a beta of 1.13. Mettler-Toledo International, Inc. has a 12-month low of $386.01 and a 12-month high of $618.13. The company has a 50 day moving average price of $594.32 and a 200-day moving average price of $522.25.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The business had revenue of $653.70 million for the quarter, compared to analyst estimates of $646.68 million. During the same period last year, the business earned $3.22 EPS. The company’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts forecast that Mettler-Toledo International, Inc. will post $16.95 EPS for the current fiscal year.
MTD has been the topic of several research reports. Cleveland Research raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating in a report on Wednesday, April 19th. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $538.00 price objective on the stock in a report on Wednesday, April 12th. Bank of America Corporation lifted their price objective on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. BidaskClub lowered shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $565.00 price objective (up from $533.00) on shares of Mettler-Toledo International in a report on Saturday, July 22nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $569.80.
In other news, Director Wah-Hui Chu sold 500 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $567.00, for a total value of $283,500.00. Following the sale, the director now directly owns 3,243 shares in the company, valued at approximately $1,838,781. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Oliver A. Filliol sold 21,800 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $548.87, for a total transaction of $11,965,366.00. Following the completion of the sale, the insider now owns 28,079 shares in the company, valued at $15,411,720.73. The disclosure for this sale can be found here. Insiders sold a total of 54,891 shares of company stock worth $30,468,039 over the last 90 days. Company insiders own 5.20% of the company’s stock.
About Mettler-Toledo International
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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