Exxonmobil Investment Management Inc. TX lowered its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 13.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,067 shares of the medical instruments supplier’s stock after selling 620 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in Mettler-Toledo International were worth $2,520,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. California Public Employees Retirement System raised its stake in Mettler-Toledo International by 2.0% during the 2nd quarter. California Public Employees Retirement System now owns 71,000 shares of the medical instruments supplier’s stock worth $41,786,000 after acquiring an additional 1,400 shares in the last quarter. Janus Henderson Group PLC raised its stake in Mettler-Toledo International by 20.2% during the 3rd quarter. Janus Henderson Group PLC now owns 243,920 shares of the medical instruments supplier’s stock worth $152,732,000 after acquiring an additional 40,993 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Mettler-Toledo International by 90.5% in the second quarter. Riverhead Capital Management LLC now owns 1,800 shares of the medical instruments supplier’s stock valued at $1,060,000 after purchasing an additional 855 shares during the period. Page Arthur B acquired a new position in Mettler-Toledo International in the third quarter valued at $848,000. Finally, Canada Pension Plan Investment Board increased its stake in Mettler-Toledo International by 260.3% in the third quarter. Canada Pension Plan Investment Board now owns 45,500 shares of the medical instruments supplier’s stock valued at $28,490,000 after purchasing an additional 32,873 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the stock. Bank of America lifted their target price on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a report on Monday, October 9th. Robert W. Baird upped their price target on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Barclays assumed coverage on shares of Mettler-Toledo International in a report on Thursday, January 4th. They issued an “equal weight” rating and a $625.00 price target on the stock. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Morgan Stanley boosted their price objective on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $647.63.
Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The firm had revenue of $698.80 million for the quarter, compared to analysts’ expectations of $685.56 million. During the same quarter last year, the company earned $3.89 EPS. Mettler-Toledo International’s quarterly revenue was up 7.4% on a year-over-year basis. sell-side analysts anticipate that Mettler-Toledo International Inc. will post 17.52 EPS for the current fiscal year.
In related news, insider William P. Donnelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $630.02, for a total transaction of $6,300,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard D. Francis purchased 160 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were bought at an average price of $627.91 per share, with a total value of $100,465.60. Following the completion of the acquisition, the director now owns 254 shares of the company’s stock, valued at approximately $159,489.14. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 39,969 shares of company stock valued at $25,242,999. Insiders own 5.20% of the company’s stock.
Mettler-Toledo International Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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