Ellevest Inc. lowered its position in Mettler-Toledo International Inc. (NYSE:MTD) by 8.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84 shares of the medical instruments supplier’s stock after selling 8 shares during the period. Ellevest Inc.’s holdings in Mettler-Toledo International were worth $97,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Simon Quick Advisors LLC bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $34,000. Graves Light Private Wealth Management Inc. acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at approximately $34,000. Alpha Paradigm Partners LLC acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at approximately $43,000. Childress Capital Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at approximately $49,000. Finally, Penserra Capital Management LLC increased its holdings in shares of Mettler-Toledo International by 44.1% in the fourth quarter. Penserra Capital Management LLC now owns 49 shares of the medical instruments supplier’s stock valued at $55,000 after purchasing an additional 15 shares in the last quarter. Institutional investors own 93.18% of the company’s stock.
In other news, insider Christian Magloth sold 1,250 shares of the business’s stock in a transaction on Thursday, May 13th. The shares were sold at an average price of $1,253.50, for a total value of $1,566,875.00. Following the completion of the transaction, the insider now owns 1,374 shares of the company’s stock, valued at approximately $1,722,309. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Gerry Keller sold 878 shares of the business’s stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $1,192.01, for a total transaction of $1,046,584.78. Following the completion of the transaction, the insider now directly owns 623 shares of the company’s stock, valued at approximately $742,622.23. The disclosure for this sale can be found here. Insiders sold a total of 3,142 shares of company stock valued at $3,873,512 in the last three months. 3.20% of the stock is owned by company insiders.
MTD opened at $1,253.64 on Friday. The company has a fifty day moving average price of $1,246.12 and a two-hundred day moving average price of $1,171.50. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.99 and a current ratio of 1.37. Mettler-Toledo International Inc. has a 52 week low of $661.32 and a 52 week high of $1,339.38. The firm has a market capitalization of $29.17 billion, a PE ratio of 52.74, a P/E/G ratio of 3.58 and a beta of 1.04.
Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, May 6th. The medical instruments supplier reported $6.56 EPS for the quarter, topping analysts’ consensus estimates of $5.61 by $0.95. Mettler-Toledo International had a net margin of 19.36% and a return on equity of 144.89%. The firm had revenue of $804.39 million during the quarter, compared to analyst estimates of $753.89 million. During the same quarter in the previous year, the business earned $4.00 EPS. The business’s quarterly revenue was up 23.9% compared to the same quarter last year. Equities analysts forecast that Mettler-Toledo International Inc. will post 25 EPS for the current year.
About Mettler-Toledo International
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.
Further Reading: Systematic Risk and Investors
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