Wetherby Asset Management Inc. Has $498,000 Position in Mettler-Toledo International, Inc. (MTD)
Wetherby Asset Management Inc. boosted its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 5.5% during the second quarter, Holdings Channel reports. The firm owned 847 shares of the medical instruments supplier’s stock after buying an additional 44 shares during the period. Wetherby Asset Management Inc.’s holdings in Mettler-Toledo International were worth $498,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTD. Israel Discount Bank of New York purchased a new position in Mettler-Toledo International during the first quarter worth $102,000. YorkBridge Wealth Partners LLC boosted its position in Mettler-Toledo International by 11.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 222 shares of the medical instruments supplier’s stock worth $115,000 after buying an additional 22 shares during the period. TLP Group LLC purchased a new position in Mettler-Toledo International during the first quarter worth $144,000. Penserra Capital Management LLC boosted its position in Mettler-Toledo International by 9.5% in the first quarter. Penserra Capital Management LLC now owns 414 shares of the medical instruments supplier’s stock worth $198,000 after buying an additional 36 shares during the period. Finally, Fernwood Investment Management LLC purchased a new position in Mettler-Toledo International during the first quarter worth $204,000. Institutional investors own 96.22% of the company’s stock.
Shares of Mettler-Toledo International, Inc. (NYSE:MTD) opened at 577.58 on Friday. Mettler-Toledo International, Inc. has a 52 week low of $386.01 and a 52 week high of $618.13. The stock has a market cap of $14.83 billion, a PE ratio of 35.52 and a beta of 1.13. The firm has a 50-day moving average of $591.25 and a 200 day moving average of $529.09.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.89 by $0.03. The business had revenue of $653.70 million for the quarter, compared to the consensus estimate of $646.68 million. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The company’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the firm posted $3.22 earnings per share. On average, equities analysts forecast that Mettler-Toledo International, Inc. will post $16.89 EPS for the current fiscal year.
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A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $665.00 target price on the stock in a research note on Wednesday, June 7th. Cleveland Research upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 19th. BidaskClub upgraded shares of Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “hold” rating and set a $550.00 target price on shares of Mettler-Toledo International in a research note on Thursday, July 27th. Finally, Wells Fargo & Company upgraded shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Mettler-Toledo International has an average rating of “Buy” and a consensus target price of $569.80.
In other Mettler-Toledo International news, Director Robert F. Spoerry sold 5,000 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $555.78, for a total transaction of $2,778,900.00. Following the transaction, the director now directly owns 9,656 shares of the company’s stock, valued at $5,366,611.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Caratsch sold 2,000 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $557.00, for a total transaction of $1,114,000.00. Following the transaction, the insider now directly owns 2,770 shares in the company, valued at $1,542,890. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,996 shares of company stock worth $13,673,195. Insiders own 5.20% of the company’s stock.
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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