Mettler-Toledo International Inc. (MTD) Shares Bought by First Citizens Bank & Trust Co.
First Citizens Bank & Trust Co. raised its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 6.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,311 shares of the company’s stock after buying an additional 80 shares during the period. First Citizens Bank & Trust Co.’s holdings in Mettler-Toledo International were worth $478,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. 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 worth $115,000 after buying an additional 10 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $138,000. Private Trust Co. NA increased its stake in shares of Mettler-Toledo International by 53.7% in the second quarter. Private Trust Co. NA now owns 899 shares of the company’s stock worth $328,000 after buying an additional 314 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Mettler-Toledo International by 53.8% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,000 shares of the company’s stock worth $345,000 after buying an additional 350 shares in the last quarter. Finally, Eachwin Capital LP acquired a new stake in shares of Mettler-Toledo International during the first quarter worth approximately $484,000. 96.62% of the stock is owned by institutional investors and hedge funds.
Shares of Mettler-Toledo International Inc. (NYSE:MTD) traded up 0.23% during mid-day trading on Friday, reaching $406.61. The company’s stock had a trading volume of 175,392 shares. The stock has a market capitalization of $10.77 billion, a P/E ratio of 31.40 and a beta of 1.16. Mettler-Toledo International Inc. has a 12 month low of $290.03 and a 12 month high of $424.13. The company has a 50 day moving average price of $407.20 and a 200 day moving average price of $382.77.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $3.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.13 by $0.09. Mettler-Toledo International had a net margin of 14.74% and a return on equity of 68.23%. The business had revenue of $608.28 million for the quarter, compared to the consensus estimate of $598.20 million. During the same period in the prior year, the business posted $2.80 earnings per share. Mettler-Toledo International’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts anticipate that Mettler-Toledo International Inc. will post $14.45 earnings per share for the current fiscal year.
A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. JPMorgan Chase & Co. boosted their price target on Mettler-Toledo International from $350.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. Citigroup Inc. downgraded Mettler-Toledo International from a “buy” rating to a “neutral” rating and boosted their price target for the company from $382.00 to $400.00 in a research report on Thursday, June 23rd. Finally, Bank of America Corp. raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $404.33 to $470.00 in a research report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $378.38.
In other news, insider Thomas Caratsch sold 700 shares of the company’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $412.50, for a total value of $288,750.00. Following the transaction, the insider now directly owns 1,470 shares of the company’s stock, valued at $606,375. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Oliver A. Filliol sold 10,800 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $398.42, for a total transaction of $4,302,936.00. Following the completion of the transaction, the insider now directly owns 20,988 shares in the company, valued at $8,362,038.96. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International Inc. (NYSE:MTD).
Receive News & Ratings for Mettler-Toledo International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.