Mettler-Toledo International Inc. (MTD) Stake Raised by Aperio Group LLC
Aperio Group LLC raised its position in Mettler-Toledo International Inc. (NYSE:MTD) by 6.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,626 shares of the company’s stock after buying an additional 772 shares during the period. Aperio Group LLC’s holdings in Mettler-Toledo International were worth $5,301,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Checchi Capital Advisers LLC increased its stake in Mettler-Toledo International by 3.3% in the second quarter. Checchi Capital Advisers LLC now owns 316 shares of the company’s stock worth $115,000 after buying an additional 10 shares during the last quarter. LS Investment Advisors LLC increased its stake in Mettler-Toledo International by 34.3% in the second quarter. LS Investment Advisors LLC now owns 2,734 shares of the company’s stock worth $998,000 after buying an additional 698 shares during the last quarter. Dorsey Wright & Associates increased its stake in Mettler-Toledo International by 3.2% in the second quarter. Dorsey Wright & Associates now owns 6,649 shares of the company’s stock worth $2,426,000 after buying an additional 204 shares during the last quarter. Acadian Asset Management LLC increased its stake in 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 last quarter. Finally, Nordea Investment Management AB increased its stake in Mettler-Toledo International by 18.7% in the second quarter. Nordea Investment Management AB now owns 28,205 shares of the company’s stock worth $10,293,000 after buying an additional 4,434 shares during the last quarter. Institutional investors own 97.86% of the company’s stock.
Mettler-Toledo International Inc. (NYSE:MTD) traded up 1.42% during mid-day trading on Tuesday, hitting $421.70. The company had a trading volume of 168,090 shares. The stock has a 50 day moving average price of $413.37 and a 200-day moving average price of $395.52. The stock has a market capitalization of $11.06 billion, a PE ratio of 31.13 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 issued its earnings results on Thursday, November 3rd. The company reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.66 by $0.23. The company earned $650.60 million during the quarter, compared to the consensus estimate of $627.37 million. Mettler-Toledo International had a net margin of 14.97% and a return on equity of 73.43%. Mettler-Toledo International’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.26 EPS. On average, analysts forecast that Mettler-Toledo International Inc. will post $14.65 earnings per share for the current year.
A number of research analysts have recently issued reports on MTD shares. Zacks Investment Research cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, August 6th. Bank of America Corp. raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $404.33 to $470.00 in a research note on Wednesday, August 31st. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Mettler-Toledo International currently has an average rating of “Hold” and a consensus target price of $392.29.
In other Mettler-Toledo International news, Director Francis A. Contino sold 700 shares of the business’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $428.08, for a total value of $299,656.00. Following the sale, the director now owns 1,934 shares in the company, valued at approximately $827,906.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert F. Spoerry sold 236 shares of the business’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $420.00, for a total transaction of $99,120.00. Following the completion of the sale, the director now owns 5,823 shares in the company, valued at approximately $2,445,660. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.
About Mettler-Toledo International
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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