Tokio Marine Asset Management Co. Ltd. cut its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 29.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 349 shares of the medical instruments supplier’s stock after selling 146 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Mettler-Toledo International were worth $205,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in MTD. Teachers Advisors LLC increased its position in Mettler-Toledo International by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 37,697 shares of the medical instruments supplier’s stock valued at $15,778,000 after buying an additional 2,672 shares in the last quarter. Macquarie Group Ltd. increased its position in Mettler-Toledo International by 31.8% in the fourth quarter. Macquarie Group Ltd. now owns 6,590 shares of the medical instruments supplier’s stock valued at $2,757,000 after buying an additional 1,590 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in Mettler-Toledo International by 2.0% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 22,518 shares of the medical instruments supplier’s stock valued at $10,784,000 after buying an additional 435 shares in the last quarter. Creative Planning increased its position in Mettler-Toledo International by 7.4% in the first quarter. Creative Planning now owns 1,151 shares of the medical instruments supplier’s stock valued at $551,000 after buying an additional 79 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its position in Mettler-Toledo International by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 8,168 shares of the medical instruments supplier’s stock valued at $3,911,000 after buying an additional 110 shares in the last quarter. Institutional investors own 95.23% of the company’s stock.
Shares of Mettler-Toledo International, Inc. (MTD) traded up 0.14% during midday trading on Friday, hitting $574.64. 117,773 shares of the stock were exchanged. The company has a market cap of $14.75 billion, a PE ratio of 35.34 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 firm has a 50-day moving average price of $589.28 and a 200-day moving average price of $534.75.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $646.68 million. During the same period in the previous year, the business posted $3.22 EPS. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that Mettler-Toledo International, Inc. will post $16.89 EPS for the current year.
MTD has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Bank of America Corporation upped their price objective on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. BidaskClub cut shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $550.00 target price on shares of Mettler-Toledo International in a report on Tuesday, June 20th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $569.80.
In other Mettler-Toledo International news, insider Thomas Caratsch sold 3,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $582.03, for a total transaction of $1,746,090.00. Following the completion of the transaction, the insider now directly owns 2,270 shares of the company’s stock, valued at approximately $1,321,208.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Waldemar Rauch sold 1,100 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $595.91, for a total transaction of $655,501.00. Following the transaction, the insider now directly owns 3,065 shares of the company’s stock, valued at $1,826,464.15. The disclosure for this sale can be found here. Insiders have sold a total of 19,786 shares of company stock valued at $11,418,119 over the last three months. 5.20% of the stock is currently owned by company insiders.
Mettler-Toledo International Company Profile
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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