JLB & Associates Inc. trimmed its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 9.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,006 shares of the medical instruments supplier’s stock after selling 200 shares during the period. JLB & Associates Inc.’s holdings in Mettler-Toledo International were worth $1,937,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently made changes to their positions in MTD. CX Institutional lifted its holdings in Mettler-Toledo International by 40.5% in the second quarter. CX Institutional now owns 52 shares of the medical instruments supplier’s stock valued at $42,000 after acquiring an additional 15 shares during the period. Orion Portfolio Solutions LLC grew its position in Mettler-Toledo International by 83.3% during the second quarter. Orion Portfolio Solutions LLC now owns 55 shares of the medical instruments supplier’s stock valued at $44,000 after buying an additional 25 shares during the period. RMR Wealth Builders purchased a new position in Mettler-Toledo International in the second quarter valued at $47,000. Jacobi Capital Management LLC raised its position in shares of Mettler-Toledo International by 10,633.3% in the second quarter. Jacobi Capital Management LLC now owns 6,440 shares of the medical instruments supplier’s stock worth $48,000 after acquiring an additional 6,380 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Mettler-Toledo International during the 2nd quarter worth about $74,000. Institutional investors own 94.73% of the company’s stock.
MTD has been the subject of several recent analyst reports. UBS Group lowered Mettler-Toledo International from a “neutral” rating to a “sell” rating and lifted their price target for the company from $770.00 to $880.00 in a research note on Wednesday, October 7th. Bank of America boosted their price objective on Mettler-Toledo International from $755.00 to $830.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. Wells Fargo & Company reiterated a “hold” rating on shares of Mettler-Toledo International in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. lowered shares of Mettler-Toledo International from a “neutral” rating to an “underweight” rating and set a $880.00 price target for the company. in a report on Monday, September 28th. Five investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $756.55.
NYSE MTD traded up $11.24 during mid-day trading on Friday, hitting $1,029.77. The stock had a trading volume of 74,650 shares, compared to its average volume of 147,034. The firm’s 50 day moving average is $980.14 and its 200 day moving average is $846.15. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.41 and a quick ratio of 0.98. The stock has a market capitalization of $24.62 billion, a price-to-earnings ratio of 46.20, a PEG ratio of 4.26 and a beta of 1.03. Mettler-Toledo International Inc. has a twelve month low of $579.40 and a twelve month high of $1,044.83.
Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, July 30th. The medical instruments supplier reported $5.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.27 by $1.02. The business had revenue of $690.67 million during the quarter, compared to analyst estimates of $647.43 million. Mettler-Toledo International had a net margin of 18.61% and a return on equity of 138.77%. During the same quarter in the prior year, the firm earned $5.16 earnings per share. As a group, equities research analysts expect that Mettler-Toledo International Inc. will post 23.22 earnings per share for the current year.
About Mettler-Toledo International
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and 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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