State of Alaska Department of Revenue Sells 4,512 Shares of Mettler-Toledo International Inc. (NYSE:MTD)
State of Alaska Department of Revenue lessened its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 52.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,131 shares of the medical instr State of Alaska Department of Revenue reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 52.2% in the fourth quarter. The fund now owns 4,131 shares of the medical instruments supplier's stock after selling 4,512 shares during the period. Other hedge funds and other institutional investors have also recently increased their holdings in the company. Cambridge Investment Research Advisors Inc. raised its position in the medical supplier by 8.0% during the 1st quarter. Raymond James Trust N.A. increased its position by 19.7%. Sei Investments Co. raised their position in Mittler-toledo international by 4.2%. The company has a consensus rating of "Hold" and a target price of $1,223.71.
Опубликовано : 2 месяца назад от MarketBeat в Finance
State of Alaska Department of Revenue lessened its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 52.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,131 shares of the medical instruments supplier's stock after selling 4,512 shares during the period. State of Alaska Department of Revenue's holdings in Mettler-Toledo International were worth $5,010,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its position in Mettler-Toledo International by 8.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 176 shares of the medical instruments supplier's stock valued at $242,000 after purchasing an additional 13 shares during the last quarter. Raymond James Trust N.A. raised its position in Mettler-Toledo International by 19.7% during the 1st quarter. Raymond James Trust N.A. now owns 176 shares of the medical instruments supplier's stock valued at $242,000 after purchasing an additional 29 shares during the last quarter. Vontobel Holding Ltd. raised its position in Mettler-Toledo International by 48.9% during the 1st quarter. Vontobel Holding Ltd. now owns 834 shares of the medical instruments supplier's stock valued at $1,172,000 after purchasing an additional 274 shares during the last quarter. Sei Investments Co. raised its position in Mettler-Toledo International by 4.2% during the 1st quarter. Sei Investments Co. now owns 16,305 shares of the medical instruments supplier's stock valued at $21,817,000 after purchasing an additional 662 shares during the last quarter. Finally, Prudential PLC bought a new position in Mettler-Toledo International during the 1st quarter valued at approximately $626,000. Institutional investors own 95.07% of the company's stock.
A number of research analysts have commented on the company. Citigroup reaffirmed a "sell" rating and set a $975.00 price target (down previously from $1,050.00) on shares of Mettler-Toledo International in a research report on Monday, December 11th. StockNews.com raised Mettler-Toledo International from a "hold" rating to a "buy" rating in a research report on Sunday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $1,223.71.
Get Our Latest Report on MTD
In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction on 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 of the company's stock, valued at approximately $938,587.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 951 shares of company stock worth $1,170,256. 1.94% of the stock is owned by insiders.
MTD opened at $1,341.20 on Tuesday. The stock has a market cap of $28.69 billion, a PE ratio of 37.37, a PEG ratio of 3.63 and a beta of 1.15. The business has a 50 day moving average of $1,250.06 and a 200-day moving average of $1,155.05. 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 announced 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). The company had revenue of $934.90 million for the quarter, compared to analysts' expectations of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The firm's quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $12.10 EPS. Equities analysts anticipate that Mettler-Toledo International Inc. will post 39.9 EPS for the current 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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