Nisa Investment Advisors LLC Maintains Stake in Mettler-Toledo International Inc. (MTD)
Nisa Investment Advisors LLC maintained its stake in Mettler-Toledo International Inc. (NYSE:MTD) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,020 shares of the company’s stock at the end of the third quarter. Nisa Investment Advisors LLC’s holdings in Mettler-Toledo International were worth $7,146,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in MTD. Checchi Capital Advisers LLC increased its stake in shares of Mettler-Toledo International by 3.3% in the second quarter. Checchi Capital Advisers LLC now owns 316 shares of the company’s stock valued at $115,000 after buying an additional 10 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Mettler-Toledo International by 26.0% in the second quarter. Van ECK Associates Corp now owns 344 shares of the company’s stock valued at $126,000 after buying an additional 71 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Mettler-Toledo International during the second quarter valued at about $138,000. Pacer Advisors Inc. increased its stake in shares of Mettler-Toledo International by 8.2% in the second quarter. Pacer Advisors Inc. now owns 447 shares of the company’s stock valued at $163,000 after buying an additional 34 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Mettler-Toledo International by 101.8% in the second quarter. Tower Research Capital LLC TRC now owns 557 shares of the company’s stock valued at $203,000 after buying an additional 281 shares in the last quarter. 97.86% of the stock is owned by institutional investors.
Shares of Mettler-Toledo International Inc. (NYSE:MTD) traded down 1.93% on Wednesday, hitting $413.56. The company had a trading volume of 87,549 shares. The firm has a market capitalization of $10.85 billion, a price-to-earnings ratio of 30.53 and a beta of 1.24. Mettler-Toledo International Inc. has a 1-year low of $291.33 and a 1-year high of $434.50. The company has a 50 day moving average price of $413.37 and a 200 day moving average price of $395.52.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, November 3rd. The company reported $3.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.66 by $0.23. Mettler-Toledo International had a return on equity of 73.43% and a net margin of 14.97%. The business earned $650.60 million during the quarter, compared to the consensus estimate of $627.37 million. During the same quarter in the prior year, the company posted $3.26 earnings per share. Mettler-Toledo International’s revenue was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that Mettler-Toledo International Inc. will post $14.65 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the company. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $472.00 price target for the company in a report on Wednesday. Bank of America Corp. raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and raised their price target for the company from $404.33 to $470.00 in a report on Wednesday, August 31st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $392.57.
In related news, Director Francis A. Contino sold 700 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $428.08, for a total transaction of $299,656.00. Following the completion of the sale, the director now owns 1,934 shares in the company, valued at $827,906.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider La Guerroniere Marc De sold 4,950 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $425.51, for a total value of $2,106,274.50. Following the sale, the insider now owns 10,550 shares of the company’s stock, valued at approximately $4,489,130.50. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.
About Mettler-Toledo International
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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