Janney Montgomery Scott LLC Has $573,000 Stake in Mettler-Toledo International, Inc. (MTD)
Janney Montgomery Scott LLC reduced its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 5.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 974 shares of the medical instruments supplier’s stock after selling 61 shares during the period. Janney Montgomery Scott LLC’s holdings in Mettler-Toledo International were worth $573,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. Israel Discount Bank of New York purchased a new stake in Mettler-Toledo International during the first quarter worth $102,000. YorkBridge Wealth Partners LLC boosted its stake 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 stake in Mettler-Toledo International during the first quarter worth $144,000. Penserra Capital Management LLC boosted its stake 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 stake in Mettler-Toledo International during the first quarter worth $204,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.
Mettler-Toledo International, Inc. (NYSE:MTD) opened at 573.84 on Friday. The company has a market cap of $14.73 billion, a price-to-earnings ratio of 35.29 and a beta of 1.13. The company has a 50-day moving average of $589.54 and a 200-day moving average of $533.66. Mettler-Toledo International, Inc. has a 12 month low of $386.01 and a 12 month high of $618.13.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.89 by $0.03. The company had revenue of $653.70 million during the quarter, compared to analysts’ expectations of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the business earned $3.22 earnings per share. Analysts predict that Mettler-Toledo International, Inc. will post $16.89 EPS for the current year.
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MTD has been the topic of a number of analyst reports. Bank of America Corporation increased their price objective on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $643.00 price objective on the stock in a report on Thursday, May 25th. BidaskClub cut shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $565.00 price objective (up previously from $533.00) on shares of Mettler-Toledo International in a report on Saturday, July 22nd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $550.00 price objective on shares of Mettler-Toledo International in a report on Tuesday, June 20th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $569.80.
In related news, insider William P. Donnelly sold 2,845 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $576.92, for a total value of $1,641,337.40. Following the completion of the transaction, the insider now directly owns 2,345 shares of the company’s stock, valued at $1,352,877.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Caratsch sold 3,000 shares of Mettler-Toledo International stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $582.03, for a total value of $1,746,090.00. Following the completion of the transaction, the insider now directly owns 2,270 shares of the company’s stock, valued at $1,321,208.10. The disclosure for this sale can be found here. Insiders sold 19,786 shares of company stock valued at $11,418,119 over the last ninety days. 5.20% of the stock is currently owned by company insiders.
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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