Mettler-Toledo International Inc. (MTD) Position Raised by Epoch Investment Partners Inc.
Epoch Investment Partners Inc. increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 35.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,007 shares of the medical instruments supplier’s stock after purchasing an additional 3,141 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Mettler-Toledo International were worth $6,791,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Lindbrook Capital LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth about $27,000. CWM LLC increased its position in Mettler-Toledo International by 108.9% in the 4th quarter. CWM LLC now owns 94 shares of the medical instruments supplier’s stock valued at $53,000 after acquiring an additional 49 shares in the last quarter. First Personal Financial Services increased its position in Mettler-Toledo International by 38.2% in the 4th quarter. First Personal Financial Services now owns 94 shares of the medical instruments supplier’s stock valued at $53,000 after acquiring an additional 26 shares in the last quarter. Van ECK Associates Corp increased its position in Mettler-Toledo International by 36.6% in the 4th quarter. Van ECK Associates Corp now owns 97 shares of the medical instruments supplier’s stock valued at $55,000 after acquiring an additional 26 shares in the last quarter. Finally, Moody National Bank Trust Division acquired a new stake in Mettler-Toledo International in the 4th quarter valued at about $68,000. Institutional investors and hedge funds own 95.12% of the company’s stock.
Several equities research analysts have weighed in on MTD shares. ValuEngine upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Friday, November 16th. Bank of America cut shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating and set a $546.04 price objective for the company. in a research report on Thursday, January 3rd. Zacks Investment Research cut shares of Mettler-Toledo International from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Finally, Evercore ISI cut shares of Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a research report on Thursday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $615.84.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, February 7th. The medical instruments supplier reported $6.85 earnings per share for the quarter, beating the consensus estimate of $6.74 by $0.11. The firm had revenue of $817.92 million during the quarter, compared to analysts’ expectations of $807.58 million. Mettler-Toledo International had a net margin of 17.46% and a return on equity of 94.57%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $5.97 EPS. As a group, equities research analysts forecast that Mettler-Toledo International Inc. will post 22.65 EPS for the current year.
In other news, insider Christian Magloth sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $666.91, for a total value of $1,000,365.00. Following the transaction, the insider now owns 850 shares of the company’s stock, valued at approximately $566,873.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerry Keller sold 250 shares of the firm’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $664.50, for a total transaction of $166,125.00. Following the completion of the transaction, the insider now directly owns 404 shares in the company, valued at approximately $268,458. The disclosure for this sale can be found here. Insiders sold a total of 150,995 shares of company stock worth $100,997,450 in the last ninety days. Insiders own 4.80% of the company’s stock.
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Mettler-Toledo International Company Profile
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.
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