Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Campbell & CO Investment Adviser LLC
Campbell & CO Investment Adviser LLC cut its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 57.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 633 shares of the medical Campbell & CO Investment Adviser LLC cut its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 57.4% in the 4th quarter. The firm owned 633 shares of the medical instruments supplier's stock after selling 852 shares during the same period. Other hedge funds and other institutional investors have also invested in the company. Norges Bank acquired a new stake in Mettlers-TOLedo International worth $320,847,000. Principal Financial Group Inc. lifted its position in Mittler-toledo international by 65.4%. TD Asset Management Inc raised its stake by 142.1% during the 4rd quarter. CFO Shawn Vadala sold 300 shares of shares of MTD in a transaction on Monday, May 13th.
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Campbell & CO Investment Adviser LLC cut its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 57.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 633 shares of the medical instruments supplier's stock after selling 852 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Mettler-Toledo International were worth $768,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Mettler-Toledo International in the 4th quarter worth $320,847,000. Principal Financial Group Inc. lifted its position in Mettler-Toledo International by 65.4% in the fourth quarter. Principal Financial Group Inc. now owns 241,219 shares of the medical instruments supplier's stock valued at $292,589,000 after purchasing an additional 95,421 shares during the period. International Assets Investment Management LLC boosted its holdings in Mettler-Toledo International by 109,458.1% in the 4th quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier's stock valued at $82,392,000 after purchasing an additional 67,864 shares in the last quarter. Corient Private Wealth LLC increased its position in Mettler-Toledo International by 854.0% during the 4th quarter. Corient Private Wealth LLC now owns 74,707 shares of the medical instruments supplier's stock worth $90,617,000 after purchasing an additional 66,876 shares during the period. Finally, TD Asset Management Inc raised its stake in shares of Mettler-Toledo International by 142.1% during the 4th quarter. TD Asset Management Inc now owns 100,820 shares of the medical instruments supplier's stock worth $122,291,000 after buying an additional 59,177 shares in the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.
In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the firm's stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the sale, the chief financial officer now directly owns 4,914 shares of the company's stock, valued at approximately $7,160,041.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the transaction, the chief financial officer now owns 4,914 shares of the company's stock, valued at approximately $7,160,041.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Thomas P. Salice sold 1,268 shares of Mettler-Toledo International stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the completion of the sale, the director now directly owns 244 shares of the company's stock, valued at approximately $363,603.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,278 shares of company stock valued at $4,871,849. 1.94% of the stock is owned by insiders.
A number of research firms recently weighed in on MTD. StockNews.com upgraded Mettler-Toledo International from a "hold" rating to a "buy" rating in a research note on Monday, April 29th. Jefferies Financial Group reiterated an "underperform" rating and issued a $1,250.00 price target (up previously from $1,230.00) on shares of Mettler-Toledo International in a report on Monday. Evercore ISI boosted their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an "in-line" rating in a report on Thursday, April 4th. Citigroup increased their target price on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a "sell" rating in a report on Monday, May 13th. Finally, Stifel Nicolaus lifted their price target on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a "buy" rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Mettler-Toledo International has a consensus rating of "Hold" and a consensus price target of $1,256.25.
Shares of NYSE MTD opened at $1,438.03 on Friday. The firm's 50-day moving average is $1,346.31 and its two-hundred day moving average is $1,252.22. The company has a market capitalization of $30.72 billion, a PE ratio of 40.33, a price-to-earnings-growth ratio of 3.90 and a beta of 1.20. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,535.86.
Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.61 by $1.28. The firm had revenue of $925.95 million for the quarter, compared to analyst estimates of $879.72 million. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. Mettler-Toledo International's revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $8.69 EPS. On average, analysts forecast that Mettler-Toledo International Inc. will post 40.13 EPS 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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.
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