1 week Ago By ABMN Staff
Arizona State Retirement System lowered its position in Mettler-Toledo International Inc. ( NYSE:MTD – Free Report ) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 5,876 shares of the medical instruments supplier’s stock after selling 88 shares during the quarter. Arizona State Retirement System’s holdings in Mettler-Toledo International were worth $8,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds and other institutional investors have also bought and sold shares of the company.
Family Firm Inc. bought a new stake in Mettler-Toledo International in the second quarter valued at approximately $25,000. Rise Advisors LLC bought a new stake in Mettler-Toledo International in the first quarter valued at approximately $25,000.
Spartan Planning & Wealth Management bought a new stake in Mettler-Toledo International in the fourth quarter valued at approximately $27,000. Bellevue Group AG bought a new stake in Mettler-Toledo International in the fourth quarter valued at approximately $30,000. Finally, Mather Group LLC.
bought a new stake in Mettler-Toledo International in the first quarter valued at approximately $32,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Wall Street Analysts Forecast Growth Several analysts have weighed in on MTD shares. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th.
Citigroup increased their price objective on Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a report on Monday, May 13th.
Jefferies Financial Group reissued an “underperform” rating and issued a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd.
The Goldman Sachs Group raised their target price on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th.
Finally, JPMorgan Chase & Co. raised their price objective on Mettler-Toledo International from $1,300.00 to $1,400.
00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.
com, Mettler-Toledo International presently has a consensus rating of “Hold” and an average price target of $1,356.25. Mettler-Toledo International Trading Down 0.
9 % Shares of MTD opened at $1,374.68 on Friday. The business’s 50 day moving average is $1,398.
70 and its 200 day moving average is $1,364.49. The company has a market capitalization of $29.
36 billion, a PE ratio of 38.55, a price-to-earnings-growth ratio of 3.84 and a beta of 1.
14. Mettler-Toledo International Inc. has a 12-month low of $928.
49 and a 12-month high of $1,546.93. Mettler-Toledo International ( NYSE:MTD – Get Free Report ) last issued its earnings results on Thursday, August 1st.
The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.00 by $0.
65. The company had revenue of $946.75 million for the quarter, compared to the consensus estimate of $929.
13 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.
95%. The firm’s quarterly revenue was down 3.6% on a year-over-year basis.
During the same quarter last year, the company earned $10.19 EPS. Equities research analysts predict that Mettler-Toledo International Inc.
will post 40.35 earnings per share for the current year. Insider Activity at Mettler-Toledo International In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th.
The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00.
Following the completion of the transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th.
The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00.
Following the completion of the transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Also, insider Christian Magloth sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th.
The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00.
Following the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The disclosure for this sale can be found here .
1.94% of the stock is owned by corporate insiders. Mettler-Toledo International Company Profile ( Free Report ) Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally.
It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other.
The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems. Read More Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Mettler-Toledo International Inc. ( NYSE:MTD – Free Report ). Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.
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