2 weeks Ago By Defense World Staff
Wells Fargo & Company MN trimmed its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 48.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 5,031 shares of the medical instruments supplier’s stock after selling 4,678 shares during the quarter. Wells Fargo & Company MN’s holdings in Mettler-Toledo International were worth $6,156,000 at the end of the most recent quarter. Other hedge funds also recently added to or reduced their stakes in the company.
Norges Bank bought a new stake in Mettler-Toledo International during the fourth quarter valued at $372,954,000. Proficio Capital Partners LLC bought a new position in Mettler-Toledo International in the fourth quarter worth about $163,216,000. Massachusetts Financial Services Co.
MA boosted its stake in Mettler-Toledo International by 53.0% in the fourth quarter. Massachusetts Financial Services Co.
MA now owns 214,281 shares of the medical instruments supplier’s stock valued at $262,211,000 after acquiring an additional 74,187 shares during the period. Seilern Investment Management Ltd acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $89,221,000. Finally, AustralianSuper Pty Ltd lifted its holdings in shares of Mettler-Toledo International by 3,183.
2% in the 4th quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier’s stock worth $87,705,000 after purchasing an additional 69,490 shares during the last quarter. 95.
07% of the stock is owned by institutional investors and hedge funds. Mettler-Toledo International Stock Down 1.2 %NYSE:MTD opened at $1,004.
72 on Friday. Mettler-Toledo International Inc. has a 52-week low of $946.
69 and a 52-week high of $1,546.93. The firm has a market cap of $20.
94 billion, a P/E ratio of 24.79, a PEG ratio of 3.30 and a beta of 1.
28. The business’s 50-day moving average price is $1,185.43 and its 200 day moving average price is $1,259.
95. Mettler-Toledo International (NYSE:MTD – Get Free Report) last released its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.
41 EPS for the quarter, beating the consensus estimate of $11.76 by $0.65.
Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%.
Sell-side analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.
Insider Buying and SellingIn other news, insider Christian Magloth sold 790 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.
10. Following the sale, the insider now owns 734 shares in the company, valued at $964,248.46.
The trade was a 51.84 % decrease in their ownership of the stock. 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 600 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.
00. Following the completion of the transaction, the insider now directly owns 6 shares of the company’s stock, valued at $8,108.04.
This represents a 99.01 % decrease in their position. The disclosure for this sale can be found here.
Insiders own 1.94% of the company’s stock. Wall Street Analyst Weigh InA number of equities research analysts have issued reports on the company.
Evercore ISI raised their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research note on Monday, February 10th.
Wells Fargo & Company decreased their target price on shares of Mettler-Toledo International from $1,400.00 to $1,125.00 and set an “equal weight” rating for the company in a research report on Thursday.
Citigroup upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price objective for the company in a research report on Monday, April 7th. Finally, Robert W.
Baird lifted their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th.
One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and an average price target of $1,346.
13.Get Our Latest Stock Analysis on Mettler-Toledo InternationalAbout Mettler-Toledo International (Free Report)Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.
S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company’s laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.
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