Colony Group LLC purchased a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 470 shares of the medical instruments supplier’s stock, valued at approximately $277,000.
Other large investors have also recently added to or reduced their stakes in the company. First Personal Financial Services raised its position in shares of Mettler-Toledo International by 2.8% in the second quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after purchasing an additional 5 shares during the period. Sun Life Financial INC raised its position in shares of Mettler-Toledo International by 2,585.7% in the second quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock valued at $111,000 after purchasing an additional 181 shares during the period. Acrospire Investment Management LLC bought a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $118,000. CAPROCK Group Inc. bought a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $205,000. Finally, Personal Capital Advisors Corp bought a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $206,000. 93.08% of the stock is currently owned by institutional investors.
In related news, insider Thomas Caratsch sold 1,350 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $578.00, for a total value of $780,300.00. Following the sale, the insider now owns 870 shares in the company, valued at approximately $502,860. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William P. Donnelly sold 2,845 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $576.92, for a total value of $1,641,337.40. Following the completion of the sale, the insider now owns 2,345 shares in the company, valued at approximately $1,352,877.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,356 shares of company stock worth $16,150,829. 5.20% of the stock is owned by company insiders.
Shares of Mettler-Toledo International, Inc. (NYSE MTD) traded down 0.66% during midday trading on Tuesday, hitting $662.58. 15,594 shares of the stock traded hands. The company has a market capitalization of $17.01 billion, a PE ratio of 40.74 and a beta of 1.11. The firm’s 50 day moving average price is $627.70 and its 200 day moving average price is $578.23. Mettler-Toledo International, Inc. has a 12-month low of $395.61 and a 12-month high of $668.55.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.03. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The business had revenue of $653.70 million for the quarter, compared to analysts’ expectations of $646.68 million. During the same quarter in the prior year, the business earned $3.22 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Mettler-Toledo International, Inc. will post $17.35 EPS for the current year.
Several brokerages have recently issued reports on MTD. BidaskClub upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 price objective on the stock in a research note on Thursday, September 21st. Bank of America Corporation raised their price objective on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Morgan Stanley restated an “equal weight” rating and issued a $535.00 price objective (down previously from $565.00) on shares of Mettler-Toledo International in a research note on Friday, October 6th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $550.00 price objective on shares of Mettler-Toledo International in a research note on Thursday, July 27th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $602.67.
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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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