Chevy Chase Trust Holdings Inc. Purchases New Position in Mettler-Toledo International Inc. (MTD)
Chevy Chase Trust Holdings Inc. acquired a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,149 shares of the company’s stock, valued at approximately $9,299,000. Chevy Chase Trust Holdings Inc. owned about 0.08% of Mettler-Toledo International at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in MTD. Emerald Acquisition Ltd. bought a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $143,261,000. Acadian Asset Management LLC increased its stake in shares of Mettler-Toledo International by 54.9% in the second quarter. Acadian Asset Management LLC now owns 624,257 shares of the company’s stock worth $227,800,000 after buying an additional 221,233 shares during the period. Williams Jones & Associates LLC increased its stake in shares of Mettler-Toledo International by 79,301.5% in the second quarter. Williams Jones & Associates LLC now owns 218,354 shares of the company’s stock worth $79,682,000 after buying an additional 218,079 shares during the period. Capital World Investors increased its stake in shares of Mettler-Toledo International by 49.7% in the second quarter. Capital World Investors now owns 302,975 shares of the company’s stock worth $110,562,000 after buying an additional 100,640 shares during the period. Finally, FMR LLC increased its stake in shares of Mettler-Toledo International by 4.0% in the second quarter. FMR LLC now owns 2,586,986 shares of the company’s stock worth $944,043,000 after buying an additional 98,453 shares during the period. Institutional investors own 97.86% of the company’s stock.
Mettler-Toledo International Inc. (NYSE:MTD) traded down 0.80% during mid-day trading on Monday, hitting $415.81. The stock had a trading volume of 147,131 shares. The company has a 50-day moving average price of $413.40 and a 200 day moving average price of $394.75. The company has a market cap of $10.91 billion, a P/E ratio of 30.70 and a beta of 1.24. Mettler-Toledo International Inc. has a 1-year low of $291.33 and a 1-year high of $434.50.
Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 3rd. The company reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.23. Mettler-Toledo International had a net margin of 14.97% and a return on equity of 73.43%. The firm earned $650.60 million during the quarter, compared to analyst estimates of $627.37 million. During the same quarter in the previous year, the business earned $3.26 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. Equities research analysts forecast that Mettler-Toledo International Inc. will post $14.65 EPS for the current fiscal year.
A number of equities research analysts have recently commented on MTD shares. Bank of America Corp. upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $404.33 to $470.00 in a research report on Wednesday, August 31st. Zacks Investment Research downgraded Mettler-Toledo International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $392.29.
In other news, insider William P. Donnelly sold 30,067 shares of Mettler-Toledo International stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $427.88, for a total transaction of $12,865,067.96. Following the transaction, the insider now directly owns 21,000 shares of the company’s stock, valued at $8,985,480. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider La Guerroniere Marc De sold 4,950 shares of Mettler-Toledo International stock in a transaction on Monday, November 7th. The stock was sold at an average price of $425.51, for a total transaction of $2,106,274.50. Following the transaction, the insider now directly owns 10,550 shares in the company, valued at $4,489,130.50. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes.
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