Putnam Investments LLC decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 16.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 500 shares of the company’s stock after selling 100 shares during the period. Putnam Investments LLC’s holdings in Mettler-Toledo International were worth $209,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTD. Numeric Investors LLC boosted its position in Mettler-Toledo International by 804.7% in the fourth quarter. Numeric Investors LLC now owns 5,790 shares of the company’s stock worth $2,423,000 after buying an additional 5,150 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in Mettler-Toledo International by 10.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 32,224 shares of the company’s stock worth $13,487,000 after buying an additional 2,960 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Mettler-Toledo International during the fourth quarter worth approximately $13,078,000. Cigna Investments Inc. New acquired a new position in Mettler-Toledo International during the fourth quarter worth approximately $411,000. Finally, Congress Asset Management Co. MA acquired a new position in Mettler-Toledo International during the fourth quarter worth approximately $55,607,000. 96.91% of the stock is currently owned by hedge funds and other institutional investors.
Mettler-Toledo International Inc. (NYSE:MTD) opened at 478.94 on Tuesday. Mettler-Toledo International Inc. has a 52 week low of $338.36 and a 52 week high of $489.92. The company has a market cap of $12.42 billion, a PE ratio of 33.68 and a beta of 1.14. The company has a 50-day moving average price of $475.45 and a 200 day moving average price of $431.23.
Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, February 2nd. The company reported $5.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.12 by $0.16. Mettler-Toledo International had a net margin of 15.32% and a return on equity of 81.17%. The business had revenue of $709.70 million for the quarter, compared to analyst estimates of $701.77 million. During the same period last year, the company posted $4.65 EPS. The business’s revenue was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that Mettler-Toledo International Inc. will post $16.69 EPS for the current fiscal year.
A number of research analysts have recently commented on the company. Zacks Investment Research cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Friday, March 3rd. Deutsche Bank AG reaffirmed a “hold” rating and set a $420.00 target price on shares of Mettler-Toledo International in a research note on Wednesday, January 18th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $424.17.
In other news, insider Thomas Caratsch sold 10,000 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $463.54, for a total transaction of $4,635,400.00. Following the sale, the insider now owns 10,770 shares of the company’s stock, valued at approximately $4,992,325.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Simon Kirk sold 218 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $484.00, for a total transaction of $105,512.00. The disclosure for this sale can be found here. Insiders sold a total of 59,241 shares of company stock worth $27,469,474 over the last three months. Corporate insiders own 5.60% of the company’s stock.
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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