Alpine Group USVI LLC bought a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 348 shares of the medical instruments supplier’s stock, valued at approximately $245,000.
Several other hedge funds have also modified their holdings of the company. Berman Capital Advisors LLC raised its stake in shares of Mettler-Toledo International by 48.5% during the 2nd quarter. Berman Capital Advisors LLC now owns 49 shares of the medical instruments supplier’s stock worth $41,000 after buying an additional 16 shares in the last quarter. Hartford Investment Management Co. increased its stake in Mettler-Toledo International by 0.6% in the 2nd quarter. Hartford Investment Management Co. now owns 2,656 shares of the medical instruments supplier’s stock valued at $2,231,000 after purchasing an additional 17 shares in the last quarter. Signaturefd LLC increased its stake in Mettler-Toledo International by 11.0% in the 2nd quarter. Signaturefd LLC now owns 172 shares of the medical instruments supplier’s stock valued at $144,000 after purchasing an additional 17 shares in the last quarter. Raymond James Trust N.A. increased its stake in Mettler-Toledo International by 5.6% in the 2nd quarter. Raymond James Trust N.A. now owns 337 shares of the medical instruments supplier’s stock valued at $283,000 after purchasing an additional 18 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in Mettler-Toledo International by 4.0% in the 2nd quarter. Ballentine Partners LLC now owns 498 shares of the medical instruments supplier’s stock valued at $418,000 after purchasing an additional 19 shares in the last quarter. 98.73% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on MTD. Barclays dropped their price objective on Mettler-Toledo International from $680.00 to $640.00 and set an “underweight” rating for the company in a research note on Wednesday. ValuEngine downgraded Mettler-Toledo International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Mettler-Toledo International has a consensus rating of “Sell” and a consensus price target of $735.33.
NYSE MTD traded up $15.73 during mid-day trading on Friday, hitting $688.10. The stock had a trading volume of 183,786 shares, compared to its average volume of 172,995. Mettler-Toledo International Inc. has a 52-week low of $500.74 and a 52-week high of $873.51. The company has a market cap of $16.21 billion, a price-to-earnings ratio of 33.86, a P/E/G ratio of 2.11 and a beta of 1.37. The company has a 50 day simple moving average of $682.28 and a 200 day simple moving average of $739.41. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 2.16.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $5.16 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.07. Mettler-Toledo International had a return on equity of 98.65% and a net margin of 18.45%. The firm had revenue of $731.00 million during the quarter, compared to the consensus estimate of $736.23 million. During the same period last year, the business posted $4.65 EPS. Mettler-Toledo International’s quarterly revenue was up 1.2% on a year-over-year basis. As a group, equities analysts anticipate that Mettler-Toledo International Inc. will post 22.71 earnings per share for the current fiscal year.
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; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.
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