Nisa Investment Advisors LLC Maintains Stake in Mettler-Toledo International Inc. (MTD)
Nisa Investment Advisors LLC continued to hold its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the third quarter, according to its most recent filing with the SEC. The firm owned 17,020 shares of the company’s stock at the end of the third quarter. Nisa Investment Advisors LLC owned 0.06% of Mettler-Toledo International worth $7,146,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Strs Ohio boosted its position in shares of Mettler-Toledo International by 7.1% in the second quarter. Strs Ohio now owns 69,214 shares of the company’s stock valued at $25,257,000 after buying an additional 4,597 shares in the last quarter. Ownership Capital B.V. boosted its position in shares of Mettler-Toledo International by 1.2% in the second quarter. Ownership Capital B.V. now owns 153,520 shares of the company’s stock valued at $56,023,000 after buying an additional 1,767 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in shares of Mettler-Toledo International during the second quarter valued at about $143,261,000. Welch & Forbes LLC boosted its position in shares of Mettler-Toledo International by 1.2% in the second quarter. Welch & Forbes LLC now owns 73,679 shares of the company’s stock valued at $26,887,000 after buying an additional 864 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Mettler-Toledo International by 1.6% in the second quarter. Dimensional Fund Advisors LP now owns 73,321 shares of the company’s stock valued at $26,754,000 after buying an additional 1,154 shares in the last quarter. 97.86% of the stock is currently owned by institutional investors.
Mettler-Toledo International Inc. (NYSE:MTD) traded down 1.93% during mid-day trading on Wednesday, hitting $413.56. 87,549 shares of the company traded hands. The company has a market capitalization of $10.85 billion, a price-to-earnings ratio of 30.53 and a beta of 1.24. Mettler-Toledo International Inc. has a one year low of $291.33 and a one year high of $434.50. The company’s 50-day moving average price is $413.37 and its 200 day moving average price is $395.52.
Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 3rd. The company reported $3.89 earnings per share (EPS) for the quarter, beating 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 company had revenue of $650.60 million for the quarter, compared to the consensus estimate of $627.37 million. During the same period in the prior year, the company posted $3.26 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. On average, analysts anticipate that Mettler-Toledo International Inc. will post $14.65 earnings per share for the current fiscal year.
Several research firms have recently weighed in on MTD. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $472.00 target price on the stock in a research report on Wednesday. Bank of America Corp. raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $404.33 to $470.00 in a research report on Wednesday, August 31st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Mettler-Toledo International currently has an average rating of “Hold” and a consensus target price of $392.57.
In other news, Director Robert F. Spoerry sold 236 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $420.00, for a total value of $99,120.00. Following the completion of the sale, the director now directly owns 5,823 shares of the company’s stock, valued at approximately $2,445,660. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Francis A. Contino sold 700 shares of the company’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $428.08, for a total value of $299,656.00. Following the completion of the sale, the director now directly owns 1,934 shares of the company’s stock, valued at $827,906.72. The disclosure for this sale can be found here. Company 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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