Shell Asset Management Co. trimmed its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 48.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,161 shares of the medical instruments supplier’s stock after selling 2,941 shares during the period. Shell Asset Management Co.’s holdings in Mettler-Toledo International were worth $1,925,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in Mettler-Toledo International by 306.7% during the 2nd quarter. Captrust Financial Advisors now owns 183 shares of the medical instruments supplier’s stock worth $106,000 after purchasing an additional 138 shares during the last quarter. Moneta Group Investment Advisors LLC acquired a new stake in Mettler-Toledo International during the 2nd quarter worth approximately $110,000. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Mettler-Toledo International by 143.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 180 shares of the medical instruments supplier’s stock worth $110,000 after purchasing an additional 106 shares during the last quarter. IFP Advisors Inc lifted its holdings in Mettler-Toledo International by 603.7% during the 3rd quarter. IFP Advisors Inc now owns 190 shares of the medical instruments supplier’s stock worth $116,000 after purchasing an additional 163 shares during the last quarter. Finally, Piedmont Investment Advisors LLC acquired a new stake in Mettler-Toledo International during the 2nd quarter worth approximately $167,000. 93.64% of the stock is owned by institutional investors.
In other Mettler-Toledo International news, insider William P. Donnelly sold 2,873 shares of the firm’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $586.78, for a total transaction of $1,685,818.94. Following the transaction, the insider now owns 3,000 shares in the company, valued at approximately $1,760,340. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider William P. Donnelly sold 3,816 shares of the firm’s stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $606.44, for a total value of $2,314,175.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,199 shares of company stock worth $15,733,870. Corporate insiders own 4.80% of the company’s stock.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, November 8th. The medical instruments supplier reported $5.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.99 by $0.13. Mettler-Toledo International had a return on equity of 93.15% and a net margin of 14.10%. The business had revenue of $734.85 million during the quarter, compared to analysts’ expectations of $738.23 million. During the same period last year, the firm posted $4.36 EPS. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, equities research analysts forecast that Mettler-Toledo International Inc. will post 20.23 earnings per share for the current year.
Several analysts recently weighed in on MTD shares. ValuEngine raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $621.00 price target for the company in a report on Friday, October 12th. Morgan Stanley lifted their price target on Mettler-Toledo International from $529.00 to $572.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 10th. Finally, UBS Group started coverage on Mettler-Toledo International in a report on Tuesday, October 9th. They set a “neutral” rating and a $625.00 price target for the company. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Mettler-Toledo International has an average rating of “Hold” and an average price target of $624.00.
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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; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.
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