Guggenheim Capital LLC Raises Stake in Mettler-Toledo International Inc. (MTD)
Guggenheim Capital LLC lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 48.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,004 shares of the medical instruments supplier’s stock after purchasing an additional 32,776 shares during the quarter. Guggenheim Capital LLC’s holdings in Mettler-Toledo International were worth $61,954,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Prudential Financial Inc. raised its position in Mettler-Toledo International by 0.4% in the 3rd quarter. Prudential Financial Inc. now owns 36,216 shares of the medical instruments supplier’s stock valued at $22,677,000 after buying an additional 135 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in Mettler-Toledo International by 2.5% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 4,137 shares of the medical instruments supplier’s stock valued at $2,590,000 after buying an additional 100 shares during the last quarter. Jennison Associates LLC purchased a new stake in Mettler-Toledo International in the 3rd quarter valued at $2,052,000. BNP Paribas Arbitrage SA raised its position in Mettler-Toledo International by 37.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 19,847 shares of the medical instruments supplier’s stock valued at $12,427,000 after buying an additional 5,435 shares during the last quarter. Finally, Sei Investments Co. raised its position in Mettler-Toledo International by 8.5% in the 3rd quarter. Sei Investments Co. now owns 25,040 shares of the medical instruments supplier’s stock valued at $15,679,000 after buying an additional 1,967 shares during the last quarter. 92.17% of the stock is currently owned by institutional investors.
A number of research firms recently commented on MTD. Barclays began coverage on Mettler-Toledo International in a research report on Thursday, January 4th. They issued an “equal weight” rating and a $625.00 price target for the company. Evercore ISI began coverage on Mettler-Toledo International in a research report on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 price target for the company. Citigroup raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and increased their price target for the company from $685.00 to $692.00 in a research report on Friday, February 9th. Robert W. Baird lowered their price target on Mettler-Toledo International from $675.00 to $630.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Finally, Deutsche Bank increased their price target on Mettler-Toledo International from $600.00 to $630.00 and gave the company a “hold” rating in a research report on Thursday, March 1st. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $649.30.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.93 by $0.04. The firm had revenue of $778.03 million during the quarter, compared to the consensus estimate of $764.26 million. Mettler-Toledo International had a return on equity of 94.54% and a net margin of 13.80%. The business’s revenue for the quarter was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.28 EPS. equities research analysts expect that Mettler-Toledo International Inc. will post 20.17 earnings per share for the current fiscal year.
In other Mettler-Toledo International news, insider Waldemar Rauch sold 3,568 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $616.72, for a total value of $2,200,456.96. Following the completion of the transaction, the insider now owns 3,368 shares in the company, valued at approximately $2,077,112.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $605.20, for a total value of $181,560.00. Following the completion of the transaction, the chief financial officer now owns 5,599 shares of the company’s stock, valued at approximately $3,388,514.80. The disclosure for this sale can be found here. Insiders sold a total of 28,268 shares of company stock valued at $17,497,059 in the last 90 days. Corporate insiders own 5.20% of the company’s stock.
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Mettler-Toledo International 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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