Quadrature Capital Ltd lessened its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 90.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,687 shares of the medical instruments supplier's stock after selling 24,352 shares during the quarter. Quadrature Capital Ltd's holdings in Mettler-Toledo International were worth $4,030,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family Firm Inc. purchased a new position in Mettler-Toledo International in the 2nd quarter worth approximately $25,000. Blue Trust Inc. boosted its holdings in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock worth $34,000 after acquiring an additional 17 shares during the period. Ashton Thomas Securities LLC purchased a new position in Mettler-Toledo International in the 3rd quarter worth approximately $37,000. Rothschild Investment LLC purchased a new position in Mettler-Toledo International in the 2nd quarter worth approximately $42,000. Finally, Itau Unibanco Holding S.A. purchased a new position in Mettler-Toledo International in the 2nd quarter worth approximately $42,000. Hedge funds and other institutional investors own 95.07% of the company's stock.
Insider Activity at Mettler-Toledo International
In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the sale, the insider now directly owns 6 shares of the company's stock, valued at $7,524.54. This trade represents a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Elisha W. Finney sold 76 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the completion of the sale, the director now directly owns 240 shares in the company, valued at $314,820. This represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company's stock.
Mettler-Toledo International Price Performance
Shares of MTD stock traded up $9.63 on Friday, hitting $1,257.54. 108,515 shares of the stock traded hands, compared to its average volume of 136,061. The company has a market capitalization of $26.54 billion, a PE ratio of 33.90, a PEG ratio of 4.15 and a beta of 1.13. Mettler-Toledo International Inc. has a 1-year low of $1,086.88 and a 1-year high of $1,546.93. The company's fifty day moving average is $1,330.54 and its 200 day moving average is $1,386.75.
Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.00 by $0.21. The business had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. As a group, equities research analysts expect that Mettler-Toledo International Inc. will post 40.42 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Evercore ISI upped their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a research report on Tuesday, October 1st. Stifel Nicolaus cut their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a research report on Monday, November 11th. Robert W. Baird cut their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating on the stock in a research report on Monday, November 11th. Finally, Wells Fargo & Company cut their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating on the stock in a research report on Monday, November 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $1,338.75.
View Our Latest Report on MTD
Mettler-Toledo International Profile
(
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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