Geode Capital Management LLC boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 11.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,972 shares of the company’s stock after buying an additional 18,033 shares during the period. Geode Capital Management LLC owned about 0.67% of Mettler-Toledo International worth $62,016,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in Mettler-Toledo International by 6.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 3,716 shares of the company’s stock valued at $1,260,000 after buying an additional 210 shares in the last quarter. Principal Financial Group Inc. raised its position in Mettler-Toledo International by 2.1% in the fourth quarter. Principal Financial Group Inc. now owns 88,024 shares of the company’s stock valued at $29,851,000 after buying an additional 1,796 shares in the last quarter. Bank of Montreal Can raised its position in Mettler-Toledo International by 20.0% in the fourth quarter. Bank of Montreal Can now owns 49,352 shares of the company’s stock valued at $16,736,000 after buying an additional 8,239 shares in the last quarter. Norinchukin Bank The raised its position in Mettler-Toledo International by 57.9% in the fourth quarter. Norinchukin Bank The now owns 22,893 shares of the company’s stock valued at $7,764,000 after buying an additional 8,393 shares in the last quarter. Finally, Morgan Stanley raised its position in Mettler-Toledo International by 59.3% in the fourth quarter. Morgan Stanley now owns 53,387 shares of the company’s stock valued at $18,105,000 after buying an additional 19,871 shares in the last quarter.
Mettler-Toledo International Inc. (NYSE:MTD) traded down 0.02% on Friday, reaching $385.09. 67,652 shares of the company were exchanged. The stock has a 50-day moving average price of $373.18 and a 200 day moving average price of $346.27. The stock has a market capitalization of $10.30 billion and a price-to-earnings ratio of 30.25. Mettler-Toledo International Inc. has a 52 week low of $275.30 and a 52 week high of $387.77.
Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, May 5th. The company reported $2.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.44 by $0.02. The business had revenue of $539.70 million for the quarter, compared to analyst estimates of $534.05 million. Mettler-Toledo International’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $2.25 earnings per share. Analysts forecast that Mettler-Toledo International Inc. will post $14.32 earnings per share for the current year.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $425.00 price target on the stock in a report on Thursday. Citigroup Inc. lowered shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $382.00 to $400.00 in a report on Thursday, June 23rd. Robert W. Baird reaffirmed a “hold” rating on shares of Mettler-Toledo International in a report on Friday, May 6th. Morgan Stanley reaffirmed a “hold” rating on shares of Mettler-Toledo International in a report on Sunday, May 8th. Finally, Goldman Sachs Group Inc. lifted their price target on shares of Mettler-Toledo International to $348.00 in a report on Wednesday, March 23rd. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $353.00.
In other news, Director Wah-Hui Chu sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $384.00, for a total value of $384,000.00. Following the sale, the director now directly owns 3,684 shares in the company, valued at approximately $1,414,656. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Thomas Caratsch sold 1,400 shares of the firm’s stock in a transaction on Tuesday, May 17th. The shares were sold at an average price of $371.50, for a total transaction of $520,100.00. Following the completion of the sale, the insider now owns 1,470 shares in the company, valued at $546,105. The disclosure for this sale can be found here.
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.