The Mettler-Toledo International Inc. (MTD) Position Boosted by JPMorgan Chase & Co.

The Mettler-Toledo International Inc. (MTD) Position Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,072 shares of the company’s stock after buying an additional 320 shares during the period. JPMorgan Chase & Co. owned 0.11% of Mettler-Toledo International worth $10,242,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. State Street Corp raised its position in shares of Mettler-Toledo International by 0.7% in the first quarter. State Street Corp now owns 895,965 shares of the company’s stock valued at $308,873,000 after buying an additional 6,360 shares during the last quarter. Zebra Capital Management LLC increased its stake in Mettler-Toledo International by 22.2% in the first quarter. Zebra Capital Management LLC now owns 3,605 shares of the company’s stock valued at $1,243,000 after buying an additional 655 shares during the period. Meiji Yasuda Asset Management Co Ltd. increased its stake in Mettler-Toledo International by 53.8% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,000 shares of the company’s stock valued at $345,000 after buying an additional 350 shares during the period. Aviva PLC increased its stake in Mettler-Toledo International by 1.2% in the first quarter. Aviva PLC now owns 11,994 shares of the company’s stock valued at $4,135,000 after buying an additional 144 shares during the period. Finally, M&T Bank Corp increased its stake in Mettler-Toledo International by 6.2% in the first quarter. M&T Bank Corp now owns 10,952 shares of the company’s stock valued at $3,775,000 after buying an additional 642 shares during the period. Institutional investors own 96.62% of the company’s stock.

Shares of Mettler-Toledo International Inc. (NYSE:MTD) traded up 0.09% on Wednesday, hitting $416.20. The stock had a trading volume of 70,407 shares. The firm has a market capitalization of $11.02 billion, a price-to-earnings ratio of 32.14 and a beta of 1.16. Mettler-Toledo International Inc. has a 1-year low of $282.05 and a 1-year high of $421.24. The firm has a 50 day moving average of $405.25 and a 200-day moving average of $379.34.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, July 28th. The company reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.09. Mettler-Toledo International had a net margin of 14.74% and a return on equity of 68.23%. The firm had revenue of $608.28 million for the quarter, compared to the consensus estimate of $598.20 million. During the same period in the previous year, the firm posted $2.80 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts predict that Mettler-Toledo International Inc. will post $14.45 earnings per share for the current year.

Several research firms recently weighed in on MTD. Zacks Investment Research downgraded Mettler-Toledo International from a “hold” rating to a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on Mettler-Toledo International from $350.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Bank of America Corp. raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $404.33 to $470.00 in a report on Wednesday, August 31st. Finally, Citigroup Inc. downgraded Mettler-Toledo International from a “buy” rating to a “neutral” rating and raised their price objective for the company from $382.00 to $400.00 in a report on Thursday, June 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Mettler-Toledo International has a consensus rating of “Hold” and an average price target of $378.38.

In other news, insider Oliver A. Filliol sold 10,800 shares of the business’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $398.42, for a total value of $4,302,936.00. Following the sale, the insider now directly owns 20,988 shares in the company, valued at approximately $8,362,038.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas Caratsch sold 700 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $412.50, for a total transaction of $288,750.00. Following the completion of the sale, the insider now owns 1,470 shares in the company, valued at $606,375. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Mettler-Toledo International Company Profile

Related posts

Leave a Comment