First Republic Investment Management Inc. increased its position in Mettler-Toledo International Inc. (NYSE:MTD) by 19.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,735 shares of the medical instruments supplier’s stock after purchasing an additional 937 shares during the period. First Republic Investment Management Inc.’s holdings in Mettler-Toledo International were worth $4,146,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Lindbrook Capital LLC acquired a new position in Mettler-Toledo International in the fourth quarter worth about $27,000. Executive Wealth Management LLC acquired a new position in Mettler-Toledo International in the fourth quarter valued at approximately $33,000. Financial Gravity Wealth Inc. acquired a new position in Mettler-Toledo International in the first quarter valued at approximately $56,000. CWM LLC boosted its stake in Mettler-Toledo International by 108.9% in the fourth quarter. CWM LLC now owns 94 shares of the medical instruments supplier’s stock valued at $53,000 after acquiring an additional 49 shares during the period. Finally, First Personal Financial Services boosted its stake in Mettler-Toledo International by 38.2% in the fourth quarter. First Personal Financial Services now owns 94 shares of the medical instruments supplier’s stock valued at $53,000 after acquiring an additional 26 shares during the period. Institutional investors and hedge funds own 95.40% of the company’s stock.
In other news, CFO Shawn Vadala sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $721.00, for a total transaction of $504,700.00. Following the completion of the transaction, the chief financial officer now directly owns 5,450 shares in the company, valued at $3,929,450. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider La Guerroniere Marc De sold 4,600 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $730.00, for a total value of $3,358,000.00. Following the transaction, the insider now owns 16,585 shares of the company’s stock, valued at $12,107,050. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,300 shares of company stock valued at $29,914,678. Insiders own 3.50% of the company’s stock.
A number of equities analysts have commented on the company. Bank of America restated a “neutral” rating and issued a $755.00 target price (up from $725.00) on shares of Mettler-Toledo International in a research note on Tuesday, April 16th. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Barclays restated a “hold” rating on shares of Mettler-Toledo International in a research note on Wednesday, May 15th. Finally, ValuEngine downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $658.80.
Shares of NYSE MTD traded up $4.76 during midday trading on Wednesday, hitting $724.79. 162,797 shares of the company’s stock were exchanged, compared to its average volume of 182,951. The company has a current ratio of 1.37, a quick ratio of 0.97 and a debt-to-equity ratio of 1.80. The company has a market cap of $18.08 billion, a PE ratio of 35.67, a P/E/G ratio of 2.34 and a beta of 1.33. Mettler-Toledo International Inc. has a twelve month low of $500.74 and a twelve month high of $762.90.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $4.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.06 by $0.04. The business had revenue of $679.50 million during the quarter, compared to the consensus estimate of $673.55 million. Mettler-Toledo International had a return on equity of 95.67% and a net margin of 17.98%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.74 earnings per share. Sell-side analysts forecast that Mettler-Toledo International Inc. will post 22.7 earnings per share for the current fiscal year.
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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.
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