Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Mettler-Toledo International Inc. (NYSE:MTD – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 401 shares of the medical instruments supplier’s stock, valued at approximately $435,000.
Several other hedge funds have also recently made changes to their positions in MTD. Point72 Asset Management L.P. purchased a new stake in Mettler-Toledo International in the second quarter valued at $21,812,000. O Shaughnessy Asset Management LLC boosted its holdings in Mettler-Toledo International by 32.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 2,395 shares of the medical instruments supplier’s stock valued at $2,751,000 after purchasing an additional 580 shares during the last quarter. Virtu Financial LLC boosted its holdings in Mettler-Toledo International by 33.6% in the third quarter. Virtu Financial LLC now owns 1,639 shares of the medical instruments supplier’s stock valued at $1,776,000 after purchasing an additional 412 shares during the last quarter. BOKF NA boosted its holdings in Mettler-Toledo International by 1.0% in the second quarter. BOKF NA now owns 1,412 shares of the medical instruments supplier’s stock valued at $1,622,000 after purchasing an additional 14 shares during the last quarter. Finally, Ellevest Inc. boosted its holdings in Mettler-Toledo International by 83.0% in the third quarter. Ellevest Inc. now owns 161 shares of the medical instruments supplier’s stock valued at $175,000 after purchasing an additional 73 shares during the last quarter. 91.94% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Mettler-Toledo International
In other news, insider Gerry Keller sold 474 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $1,540.69, for a total transaction of $730,287.06. Following the completion of the sale, the insider now owns 449 shares in the company, valued at approximately $691,769.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Shawn Vadala sold 1,892 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $1,550.37, for a total value of $2,933,300.04. Following the completion of the sale, the chief financial officer now owns 4,900 shares in the company, valued at approximately $7,596,813. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerry Keller sold 474 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $1,540.69, for a total transaction of $730,287.06. Following the completion of the sale, the insider now owns 449 shares of the company’s stock, valued at approximately $691,769.81. The disclosure for this sale can be found here. Insiders sold 7,722 shares of company stock worth $11,620,316 in the last 90 days. Insiders own 2.80% of the company’s stock.
Mettler-Toledo International Trading Down 1.1 %
Mettler-Toledo International (NYSE:MTD – Get Rating) last released its quarterly earnings data on Friday, February 10th. The medical instruments supplier reported $12.10 EPS for the quarter, beating analysts’ consensus estimates of $11.63 by $0.47. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.03 billion. Mettler-Toledo International had a net margin of 22.26% and a return on equity of 10,609.85%. Mettler-Toledo International’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $10.53 EPS. On average, sell-side analysts predict that Mettler-Toledo International Inc. will post 44.1 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Mettler-Toledo International from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $1,100.00 to $1,350.00 in a research note on Monday, December 19th. The Goldman Sachs Group raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and increased their target price for the stock from $1,120.00 to $1,355.00 in a research note on Tuesday, November 8th. TheStreet raised shares of Mettler-Toledo International from a “c+” rating to a “b-” rating in a research note on Thursday, February 2nd. Wells Fargo & Company increased their target price on shares of Mettler-Toledo International from $1,650.00 to $1,675.00 and gave the stock an “overweight” rating in a research note on Monday, February 13th. Finally, StockNews.com lowered shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 26th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and an average price target of $1,450.71.
Mettler-Toledo International Profile
Mettler-Toledo International, Inc engages in the provision of precision instruments and services. The firm manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. It also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development, metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications.
Read More
- Get a free copy of the StockNews.com research report on Mettler-Toledo International (MTD)
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