Mettler-Toledo International Inc. (MTD) Stake Raised by Aperio Group LLC
Aperio Group LLC raised its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 6.5% during the third quarter, Holdings Channel reports. The institutional investor owned 12,626 shares of the company’s stock after buying an additional 772 shares during the period. Aperio Group LLC’s holdings in Mettler-Toledo International were worth $5,301,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the stock. Strs Ohio boosted its stake in shares of Mettler-Toledo International by 7.1% in the second quarter. Strs Ohio now owns 69,214 shares of the company’s stock valued at $25,257,000 after buying an additional 4,597 shares in the last quarter. Ownership Capital B.V. boosted its stake in shares of Mettler-Toledo International by 1.2% in the second quarter. Ownership Capital B.V. now owns 153,520 shares of the company’s stock valued at $56,023,000 after buying an additional 1,767 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Mettler-Toledo International during the second quarter valued at about $143,261,000. Welch & Forbes LLC boosted its stake in shares of Mettler-Toledo International by 1.2% in the second quarter. Welch & Forbes LLC now owns 73,679 shares of the company’s stock valued at $26,887,000 after buying an additional 864 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Mettler-Toledo International by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 73,321 shares of the company’s stock valued at $26,754,000 after buying an additional 1,154 shares in the last quarter. Hedge funds and other institutional investors own 97.86% of the company’s stock.
Shares of Mettler-Toledo International Inc. (NYSE:MTD) traded up 1.42% during trading on Tuesday, reaching $421.70. 168,090 shares of the company’s stock were exchanged. The company has a 50 day moving average of $413.37 and a 200 day moving average of $395.52. Mettler-Toledo International Inc. has a 12-month low of $291.33 and a 12-month high of $434.50. The stock has a market cap of $11.06 billion, a P/E ratio of 31.13 and a beta of 1.24.
Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, November 3rd. The company reported $3.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.66 by $0.23. Mettler-Toledo International had a net margin of 14.97% and a return on equity of 73.43%. The business had revenue of $650.60 million for the quarter, compared to analyst estimates of $627.37 million. During the same quarter last year, the business earned $3.26 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Mettler-Toledo International Inc. will post $14.65 EPS for the current year.
Several analysts have recently issued reports on MTD shares. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $470.00 target price on the stock in a research report on Tuesday, November 15th. Bank of America Corp. raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $404.33 to $470.00 in a research report on Wednesday, August 31st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $392.29.
In related news, Director Francis A. Contino sold 700 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $428.08, for a total transaction of $299,656.00. Following the transaction, the director now directly owns 1,934 shares in the company, valued at $827,906.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William P. Donnelly sold 30,067 shares of the business’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $427.88, for a total transaction of $12,865,067.96. Following the transaction, the insider now owns 21,000 shares in the company, valued at $8,985,480. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes.
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