Carnegie Capital Asset Management LLC decreased its position in Mettler-Toledo International Inc. (NYSE:MTD) by 0.7% during the third quarter, Holdings Channel reports. The firm owned 4,263 shares of the company’s stock after selling 30 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Mettler-Toledo International were worth $1,742,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in MTD. Two Sigma Advisers LP acquired a new position in shares of Mettler-Toledo International during the third quarter valued at approximately $5,679,000. United Services Automobile Association acquired a new position in shares of Mettler-Toledo International during the third quarter valued at approximately $3,933,000. HighTower Advisors LLC acquired a new position in shares of Mettler-Toledo International during the third quarter valued at approximately $516,000. Hsbc Holdings PLC raised its position in shares of Mettler-Toledo International by 21.7% in the third quarter. Hsbc Holdings PLC now owns 29,268 shares of the company’s stock valued at $12,163,000 after buying an additional 5,213 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its position in shares of Mettler-Toledo International by 94.0% in the third quarter. Adage Capital Partners GP L.L.C. now owns 38,800 shares of the company’s stock valued at $16,289,000 after buying an additional 18,800 shares during the period. 97.72% of the stock is currently owned by institutional investors.
Shares of Mettler-Toledo International Inc. (NYSE:MTD) traded down 1.43% during midday trading on Thursday, reaching $415.72. The company’s stock had a trading volume of 168,873 shares. The firm’s 50 day moving average is $421.84 and its 200 day moving average is $408.29. The firm has a market capitalization of $10.91 billion, a price-to-earnings ratio of 30.69 and a beta of 1.23. Mettler-Toledo International Inc. has a 52 week low of $291.33 and a 52 week high of $434.50.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $3.89 EPS for the quarter, beating the Zacks’ consensus estimate of $3.66 by $0.23. The business earned $650.60 million during the quarter, compared to the consensus estimate of $627.37 million. Mettler-Toledo International had a return on equity of 73.43% and a net margin of 14.97%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.26 earnings per share. Equities analysts forecast that Mettler-Toledo International Inc. will post $14.65 EPS for the current fiscal year.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Friday, December 9th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $420.00 price target on shares of Mettler-Toledo International in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Mettler-Toledo International has a consensus rating of “Hold” and an average target price of $396.13.
In related news, insider Waldemar Rauch sold 5,000 shares of Mettler-Toledo International stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $414.15, for a total value of $2,070,750.00. Following the transaction, the insider now owns 9,332 shares in the company, valued at $3,864,847.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert F. Spoerry sold 236 shares of Mettler-Toledo International stock in a transaction on Wednesday, November 23rd. The shares were sold at an average price of $420.00, for a total value of $99,120.00. Following the completion of the transaction, the director now owns 5,823 shares in the company, valued at approximately $2,445,660. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,266 shares of company stock valued at $18,849,836. Company 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 is a provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes.
Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International Inc. (NYSE:MTD).