United Services Automobile Association decreased its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,027 shares of the medical instruments supplier’s stock after selling 223 shares during the period. United Services Automobile Association’s holdings in Mettler-Toledo International were worth $4,323,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp raised its position in shares of Mettler-Toledo International by 6.4% in the first quarter. Van ECK Associates Corp now owns 501 shares of the medical instruments supplier’s stock worth $240,000 after buying an additional 30 shares in the last quarter. Credit Agricole S A raised its position in shares of Mettler-Toledo International by 55.8% in the first quarter. Credit Agricole S A now owns 29,706 shares of the medical instruments supplier’s stock worth $14,226,000 after buying an additional 10,645 shares in the last quarter. BB&T Securities LLC raised its position in shares of Mettler-Toledo International by 9.5% in the first quarter. BB&T Securities LLC now owns 994 shares of the medical instruments supplier’s stock worth $476,000 after buying an additional 86 shares in the last quarter. MAI Capital Management raised its position in shares of Mettler-Toledo International by 1.7% in the first quarter. MAI Capital Management now owns 2,453 shares of the medical instruments supplier’s stock worth $1,175,000 after buying an additional 40 shares in the last quarter. Finally, AXA bought a new position in shares of Mettler-Toledo International during the first quarter worth approximately $4,646,000. 96.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mettler-Toledo International, Inc. (NYSE:MTD) traded up 0.54% during mid-day trading on Friday, reaching $587.38. The company had a trading volume of 217,197 shares. Mettler-Toledo International, Inc. has a 12 month low of $343.61 and a 12 month high of $604.99. The firm’s 50-day moving average is $565.87 and its 200 day moving average is $482.50. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of 38.32 and a beta of 1.10.
Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, May 4th. The medical instruments supplier reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.08 by $0.26. The business had revenue of $594.57 million for the quarter, compared to the consensus estimate of $571.30 million. Mettler-Toledo International had a return on equity of 90.28% and a net margin of 16.04%. Mettler-Toledo International’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.46 earnings per share. On average, equities research analysts predict that Mettler-Toledo International, Inc. will post $17.19 earnings per share for the current year.
A number of research analysts have recently commented on the company. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $655.00 price objective on the stock in a report on Wednesday. BidaskClub lowered Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Bank of America Corporation increased their price objective on Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. Finally, Cleveland Research raised Mettler-Toledo International from a “neutral” rating to a “buy” rating in a report on Wednesday, April 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $501.00.
In other Mettler-Toledo International news, insider William P. Donnelly sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $546.18, for a total transaction of $2,730,900.00. Following the transaction, the insider now owns 3,000 shares of the company’s stock, valued at $1,638,540. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Francis A. Contino sold 725 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $546.00, for a total value of $395,850.00. Following the transaction, the director now directly owns 2,234 shares in the company, valued at approximately $1,219,764. The disclosure for this sale can be found here. In the last three months, insiders have sold 52,046 shares of company stock worth $28,826,702. Company 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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