L. Roy Papp & Associates LLP Decreases Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)
L. Roy Papp & Associates LLP decreased its position in Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 2.3% during the fourth quarter, Holdings Channel reports. The fund owned 10,609 shares of the medical instruments supplier’s stock after selling 252 shares during the quarter. Mettler-Toledo International accounts for approximately 1.6% of L. Roy Papp & […] L. Roy Papp & Associates LLP decreased its position in Mettler-Toledo International Inc. (NYSE:MTD) by 2.3% during the fourth quarter. The fund now owns 10,609 shares of the medical instruments supplier’s stock after selling 252 shares. Mettlers-TOLedo International accounts for approximately 1.6% of L. Royp & Associates' investment portfolio, making it its 19th largest position. Other hedge funds have also increased their holdings in the company. Maverick Capital Ltd. boosted its stake in Meter-Tolededo International by 3.9% in the same period. CFO Shawn Vadala sold 300 shares of stock in a transaction on Friday, February 23rd. Following the transaction, the chief financial officer now owns 4,914 shares in the firm.
Published : 2 months ago by Defense World Staff in Finance
L. Roy Papp & Associates LLP decreased its position in Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 2.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 10,609 shares of the medical instruments supplier’s stock after selling 252 shares during the quarter. Mettler-Toledo International accounts for approximately 1.6% of L. Roy Papp & Associates LLP’s investment portfolio, making the stock its 19th largest position. L. Roy Papp & Associates LLP’s holdings in Mettler-Toledo International were worth $12,868,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC increased its position in shares of Mettler-Toledo International by 1.9% during the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the medical instruments supplier’s stock valued at $472,000 after buying an additional 8 shares during the period. Huntington National Bank increased its position in shares of Mettler-Toledo International by 34.6% during the second quarter. Huntington National Bank now owns 35 shares of the medical instruments supplier’s stock valued at $46,000 after buying an additional 9 shares during the period. Maverick Capital Ltd. boosted its stake in Mettler-Toledo International by 3.9% during the fourth quarter. Maverick Capital Ltd. now owns 241 shares of the medical instruments supplier’s stock worth $348,000 after acquiring an additional 9 shares in the last quarter. Personal CFO Solutions LLC boosted its stake in Mettler-Toledo International by 2.2% during the third quarter. Personal CFO Solutions LLC now owns 472 shares of the medical instruments supplier’s stock worth $523,000 after acquiring an additional 10 shares in the last quarter. Finally, Ancora Advisors LLC boosted its stake in Mettler-Toledo International by 100.0% during the first quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock worth $31,000 after acquiring an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.
In related news, CFO Shawn Vadala sold 300 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $5,950,018.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Shawn Vadala sold 300 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $5,950,018.62. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christian Magloth sold 400 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the transaction, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The disclosure for this sale can be found here. Insiders have sold a total of 951 shares of company stock worth $1,170,256 over the last quarter. Company insiders own 1.94% of the company’s stock.
Get Our Latest Research Report on MTD
Shares of NYSE MTD opened at $1,331.29 on Friday. The firm’s 50 day moving average price is $1,250.06 and its 200-day moving average price is $1,154.62. The company has a market cap of $28.48 billion, a PE ratio of 37.09, a P/E/G ratio of 3.63 and a beta of 1.15. Mettler-Toledo International Inc. has a 52-week low of $928.49 and a 52-week high of $1,615.97.
Mettler-Toledo International (NYSE:MTD – Get Free Report) last issued its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.32 by ($0.92). The firm had revenue of $934.90 million during the quarter, compared to the consensus estimate of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The company’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $12.10 EPS. On average, analysts forecast that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current fiscal year.
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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