BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Increases Holdings in Mettler-Toledo International Inc. (MTD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 66.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,798 shares of the medical instruments supplier’s stock after acquiring an additional 9,918 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.10% of Mettler-Toledo International worth $15,363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTD. We Are One Seven LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth about $427,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of Mettler-Toledo International by 62.5% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,300 shares of the medical instruments supplier’s stock worth $805,000 after buying an additional 500 shares during the last quarter. Slow Capital Inc. bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth about $496,000. MetLife Investment Advisors LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth about $4,904,000. Finally, Gotham Asset Management LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth about $6,286,000. Institutional investors own 92.17% of the company’s stock.

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A number of research firms have recently weighed in on MTD. Deutsche Bank boosted their target price on shares of Mettler-Toledo International from $600.00 to $630.00 and gave the stock a “hold” rating in a report on Thursday, March 1st. Robert W. Baird reduced their target price on shares of Mettler-Toledo International from $675.00 to $630.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Morgan Stanley upped their price target on shares of Mettler-Toledo International from $550.00 to $580.00 and gave the company an “equal weight” rating in a report on Friday, February 9th. Citigroup upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and upped their price target for the company from $685.00 to $692.00 in a report on Friday, February 9th. Finally, Barclays assumed coverage on shares of Mettler-Toledo International in a report on Thursday, January 4th. They set an “equal weight” rating and a $625.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $649.30.

Mettler-Toledo International Inc. (NYSE MTD) opened at $566.87 on Monday. The company has a market cap of $14,439.88, a PE ratio of 39.81, a P/E/G ratio of 2.35 and a beta of 1.14. Mettler-Toledo International Inc. has a fifty-two week low of $472.44 and a fifty-two week high of $697.26. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 1.75.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 EPS for the quarter, beating the consensus estimate of $5.93 by $0.04. The company had revenue of $778.03 million for the quarter, compared to the consensus estimate of $764.26 million. Mettler-Toledo International had a net margin of 13.80% and a return on equity of 94.54%. The firm’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.28 EPS. equities analysts predict that Mettler-Toledo International Inc. will post 20.17 earnings per share for the current fiscal year.

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 5,599 shares of the company’s stock, valued at approximately $3,388,514.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP William P. Donnelly sold 6,000 shares of the business’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $612.35, for a total transaction of $3,674,100.00. Following the completion of the sale, the executive vice president now directly owns 4,500 shares of the company’s stock, valued at $2,755,575. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,268 shares of company stock valued at $17,497,059. 5.20% of the stock is owned by corporate insiders.

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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.

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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