Virtu Financial LLC raised its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 64.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,634 shares of the medical instruments supplier’s stock after buying an additional 641 shares during the quarter. Virtu Financial LLC’s holdings in Mettler-Toledo International were worth $1,181,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Lindbrook Capital LLC acquired a new position in shares of Mettler-Toledo International during the 4th quarter worth about $27,000. Executive Wealth Management LLC acquired a new position in shares of Mettler-Toledo International during the 4th quarter worth about $33,000. CWM LLC grew its position in shares of Mettler-Toledo International by 108.9% during the 4th quarter. CWM LLC now owns 94 shares of the medical instruments supplier’s stock worth $53,000 after buying an additional 49 shares during the period. First Personal Financial Services grew its position in shares of Mettler-Toledo International by 38.2% during the 4th quarter. First Personal Financial Services now owns 94 shares of the medical instruments supplier’s stock worth $53,000 after buying an additional 26 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Mettler-Toledo International by 36.6% during the 4th quarter. Van ECK Associates Corp now owns 97 shares of the medical instruments supplier’s stock valued at $55,000 after purchasing an additional 26 shares in the last quarter. Institutional investors own 95.69% of the company’s stock.
Several equities analysts have recently weighed in on MTD shares. Bank of America cut Mettler-Toledo International from a “buy” rating to a “neutral” rating and set a $546.04 price objective on the stock. in a report on Thursday, January 3rd. Evercore ISI cut Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a report on Thursday, January 3rd. Zacks Investment Research cut Mettler-Toledo International from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th. Finally, ValuEngine upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Mettler-Toledo International has an average rating of “Hold” and an average target price of $615.84.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, February 7th. The medical instruments supplier reported $6.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $6.74 by $0.11. Mettler-Toledo International had a return on equity of 94.57% and a net margin of 17.46%. The business had revenue of $817.92 million for the quarter, compared to analysts’ expectations of $807.58 million. During the same quarter in the previous year, the business posted $5.97 EPS. Mettler-Toledo International’s revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities analysts expect that Mettler-Toledo International Inc. will post 22.66 EPS for the current fiscal year.
In other Mettler-Toledo International news, insider Gerry Keller sold 250 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $664.50, for a total value of $166,125.00. Following the sale, the insider now owns 404 shares in the company, valued at approximately $268,458. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Shawn Vadala sold 670 shares of the business’s stock in a transaction that occurred on Wednesday, February 13th. The shares were sold at an average price of $670.00, for a total value of $448,900.00. Following the completion of the sale, the chief financial officer now owns 5,450 shares in the company, valued at approximately $3,651,500. The disclosure for this sale can be found here. Insiders have sold a total of 150,995 shares of company stock worth $100,997,450 in the last quarter. 3.50% of the stock is currently owned by company insiders.
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Mettler-Toledo International Company 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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