Trading Report: Today: KBC Group NV Boosts Stake in Mettler-Toledo International Inc. (MTD)

Today: KBC Group NV Boosts Stake in Mettler-Toledo International Inc. (MTD)

KBC Group NV raised its position in Mettler-Toledo International Inc. (NYSE:MTD) by 37.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,526 shares of the company’s stock after buying an additional 6,429 shares during the period. KBC Group NV’s holdings in Mettler-Toledo International were worth $9,877,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MTD. Victory Capital Management Inc. increased its position in shares of Mettler-Toledo International by 119.8% in the third quarter. Victory Capital Management Inc. now owns 2,780 shares of the company’s stock worth $1,167,000 after buying an additional 1,515 shares during the last quarter. TD Asset Management Inc. increased its position in shares of Mettler-Toledo International by 70.2% in the third quarter. TD Asset Management Inc. now owns 25,753 shares of the company’s stock worth $10,812,000 after buying an additional 10,620 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its position in shares of Mettler-Toledo International by 36.9% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 14,825 shares of the company’s stock worth $6,224,000 after buying an additional 3,997 shares during the last quarter. Mar Vista Investment Partners LLC increased its position in shares of Mettler-Toledo International by 36.8% in the third quarter. Mar Vista Investment Partners LLC now owns 233,190 shares of the company’s stock worth $97,900,000 after buying an additional 62,668 shares during the last quarter. Finally, Aperio Group LLC increased its position in shares of Mettler-Toledo International by 6.5% in the third quarter. Aperio Group LLC now owns 12,626 shares of the company’s stock worth $5,301,000 after buying an additional 772 shares during the last quarter. 97.86% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Inc. (NYSE:MTD) traded down 0.80% during midday trading on Monday, reaching $415.81. 147,131 shares of the company’s stock traded hands. Mettler-Toledo International Inc. has a 1-year low of $291.33 and a 1-year high of $434.50. The company has a market capitalization of $10.91 billion, a PE ratio of 30.70 and a beta of 1.24. The firm’s 50 day moving average price is $413.40 and its 200-day moving average price is $394.75.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $3.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.66 by $0.23. Mettler-Toledo International had a net margin of 14.97% and a return on equity of 73.43%. The company earned $650.60 million during the quarter, compared to analysts’ expectations of $627.37 million. During the same quarter last year, the company posted $3.26 EPS. The firm’s revenue was up 7.7% compared to the same quarter last year. Equities analysts expect that Mettler-Toledo International Inc. will post $14.65 EPS for the current year.

A number of brokerages have recently issued reports on MTD. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Wednesday, November 16th. Bank of America Corp. raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $404.33 to $470.00 in a research report on Wednesday, August 31st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus target price of $392.29.

In other news, 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 transaction of $99,120.00. Following the completion of the sale, the director now directly owns 5,823 shares of the company’s stock, valued at approximately $2,445,660. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider La Guerroniere Marc De sold 4,950 shares of Mettler-Toledo International stock in a transaction on Monday, November 7th. The stock was sold at an average price of $425.51, for a total transaction of $2,106,274.50. Following the sale, the insider now directly owns 10,550 shares of the company’s stock, valued at $4,489,130.50. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

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.

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