State of Michigan Retirement System Sells 100 Shares of Mettler-Toledo International Inc. (NYSE:MTD)
State of Michigan Retirement System trimmed its position in Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,896 shares of the medical instruments supplier’s stock after selling 100 shares during the […] State of Michigan Retirement System (Mettler-Toledo International Inc. (NYSE:MTD) has reduced its position in the company by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm sold 100 shares of MettlerTolido International in the same period, reducing its holdings to 5,896 shares. The State ofMichigan Retirement System's holdings in Mettlers-Tolededo International were worth $7,152,000 at the end of the period. Other large investors have also bought and sold shares of the company. Mettled-TOLedo International's quarterly earnings data was released on February 9th, missing analysts’ consensus estimates of $10.32 by ($0.92). The company had revenue of $934.90 million during the quarter, compared to analysts' expectations for $959.45 million.
Published : a month ago by Defense World Staff in Finance
State of Michigan Retirement System trimmed its position in Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,896 shares of the medical instruments supplier’s stock after selling 100 shares during the period. State of Michigan Retirement System’s holdings in Mettler-Toledo International were worth $7,152,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Ancora Advisors LLC boosted its holdings in Mettler-Toledo International by 100.0% in the 1st quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock valued at $31,000 after purchasing an additional 10 shares during the period. VitalStone Financial LLC bought a new stake in shares of Mettler-Toledo International during the 1st quarter worth $37,000. CVA Family Office LLC bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth $27,000. Gladius Capital Management LP bought a new stake in shares of Mettler-Toledo International during the 3rd quarter worth $27,000. Finally, Operose Advisors LLC bought a new stake in shares of Mettler-Toledo International during the 3rd quarter worth $43,000. 95.07% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on the stock. Citigroup reaffirmed a “sell” rating and set a $975.00 price objective (down from $1,050.00) on shares of Mettler-Toledo International in a report on Monday, December 11th. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Sunday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and an average target price of $1,223.71.
Shares of NYSE:MTD opened at $1,330.77 on Thursday. The stock has a market cap of $28.47 billion, a PE ratio of 37.08, a PEG ratio of 3.61 and a beta of 1.15. The company’s fifty day moving average is $1,254.53 and its 200 day moving average is $1,157.42. 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 released its quarterly earnings data on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The firm had revenue of $934.90 million during the quarter, compared to analysts’ expectations of $959.45 million. During the same quarter in the previous year, the firm posted $12.10 EPS. Mettler-Toledo International’s revenue was down 11.6% compared to the same quarter last year. Sell-side analysts anticipate that Mettler-Toledo International Inc. will post 39.9 EPS for the current year.
In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the transaction, the insider now owns 734 shares in the company, valued at $938,587.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction dated 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 sale, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated 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 sale, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 951 shares of company stock worth $1,170,256. 1.94% of the stock is currently owned by company insiders.
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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