Great Lakes Advisors LLC Purchases 31 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Great Lakes Advisors LLC lifted its position in Mettler-Toledo International Inc. (NYSE:MTDGet Rating) by 11.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313 shares of the medical instruments supplier’s stock after acquiring an additional 31 shares during the quarter. Great Lakes Advisors LLC’s holdings in Mettler-Toledo International were worth $531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Mettler-Toledo International by 3.2% in the 3rd quarter. BlackRock Inc. now owns 2,004,876 shares of the medical instruments supplier’s stock worth $2,761,435,000 after buying an additional 63,084 shares during the last quarter. Moors & Cabot Inc. purchased a new stake in Mettler-Toledo International during the third quarter valued at about $51,000. Panagora Asset Management Inc. boosted its position in shares of Mettler-Toledo International by 1,573.1% in the third quarter. Panagora Asset Management Inc. now owns 33,311 shares of the medical instruments supplier’s stock valued at $45,881,000 after acquiring an additional 31,320 shares during the period. HighTower Advisors LLC grew its position in shares of Mettler-Toledo International by 824.7% during the 3rd quarter. HighTower Advisors LLC now owns 29,071 shares of the medical instruments supplier’s stock valued at $40,040,000 after purchasing an additional 25,927 shares in the last quarter. Finally, Man Group plc grew its position in shares of Mettler-Toledo International by 67.1% during the 3rd quarter. Man Group plc now owns 63,198 shares of the medical instruments supplier’s stock valued at $87,046,000 after purchasing an additional 25,373 shares in the last quarter. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Several research analysts recently issued reports on MTD shares. StockNews.com started coverage on shares of Mettler-Toledo International in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Robert W. Baird upped their target price on shares of Mettler-Toledo International from $1,531.00 to $1,595.00 in a research report on Friday, February 11th. Wells Fargo & Company upgraded shares of Mettler-Toledo International from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $1,600.00 to $1,410.00 in a research report on Monday, April 25th. Finally, The Goldman Sachs Group lowered shares of Mettler-Toledo International from a “neutral” rating to a “sell” rating and set a $1,240.00 target price for the company. in a research report on Thursday, March 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,449.25.

Shares of MTD opened at $1,196.07 on Tuesday. The stock has a market cap of $27.19 billion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 1.80 and a beta of 1.07. The company has a debt-to-equity ratio of 9.22, a quick ratio of 0.75 and a current ratio of 1.11. Mettler-Toledo International Inc. has a fifty-two week low of $1,188.56 and a fifty-two week high of $1,714.75. The firm’s 50-day simple moving average is $1,343.70 and its two-hundred day simple moving average is $1,457.25.

Mettler-Toledo International (NYSE:MTDGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The medical instruments supplier reported $7.87 earnings per share for the quarter, topping analysts’ consensus estimates of $7.28 by $0.59. Mettler-Toledo International had a net margin of 20.82% and a return on equity of 471.45%. The business had revenue of $897.80 million for the quarter, compared to analysts’ expectations of $868.08 million. During the same quarter in the prior year, the company earned $6.56 earnings per share. The business’s revenue was up 11.6% compared to the same quarter last year. Equities research analysts predict that Mettler-Toledo International Inc. will post 38.38 EPS for the current year.

In related news, insider Peter Aggersbjerg sold 1,000 shares of the company’s stock in a transaction on Friday, March 4th. The stock was sold at an average price of $1,386.53, for a total transaction of $1,386,530.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christian Magloth sold 1,500 shares of the company’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $1,421.12, for a total value of $2,131,680.00. The disclosure for this sale can be found here. Insiders sold 17,540 shares of company stock valued at $24,552,512 in the last 90 days. Company insiders own 2.80% of the company’s stock.

Mettler-Toledo International Profile (Get Rating)

Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in 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, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

Further Reading

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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