Murphy Capital Management Inc. purchased a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 400 shares of the medical instruments supplier’s stock, valued at approximately $235,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTD. Dimensional Fund Advisors LP raised its position in Mettler-Toledo International by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 87,081 shares of the medical instruments supplier’s stock valued at $36,450,000 after buying an additional 1,250 shares during the last quarter. Quadrature Capital Ltd raised its position in Mettler-Toledo International by 167.1% in the fourth quarter. Quadrature Capital Ltd now owns 3,400 shares of the medical instruments supplier’s stock valued at $1,424,000 after buying an additional 2,127 shares during the last quarter. Teachers Advisors LLC raised 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 during the last quarter. Kentucky Retirement Systems purchased a new position in Mettler-Toledo International during the fourth quarter valued at about $797,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Mettler-Toledo International during the fourth quarter valued at about $356,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.
Shares of Mettler-Toledo International, Inc. (NYSE:MTD) opened at 577.58 on Friday. The stock has a 50 day moving average of $591.25 and a 200 day moving average of $529.09. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 35.52 and a beta of 1.13. Mettler-Toledo International, Inc. has a 1-year low of $386.01 and a 1-year high of $618.13.
Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.03. The company had revenue of $653.70 million during the quarter, compared to the consensus estimate of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.22 earnings per share. Analysts predict that Mettler-Toledo International, Inc. will post $16.89 EPS for the current year.
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MTD has been the subject of several analyst reports. Cleveland Research upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating in a report on Wednesday, April 19th. Zacks Investment Research lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Bank of America Corporation raised their price target on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the stock 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, Jefferies Group LLC restated a “hold” rating and set a $550.00 price target on shares of Mettler-Toledo International in a report on Tuesday, June 20th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $569.80.
In related news, Director Robert F. Spoerry sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $555.78, for a total transaction of $2,778,900.00. Following the completion of the transaction, the director now owns 9,656 shares in the company, valued at $5,366,611.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Shawn Vadala sold 330 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $577.00, for a total value of $190,410.00. Following the transaction, the chief financial officer now owns 5,855 shares of the company’s stock, valued at approximately $3,378,335. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,996 shares of company stock valued at $13,673,195. 5.20% of the stock is owned by corporate insiders.
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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