Welch & Forbes LLC Has $43.27 Million Holdings in Mettler-Toledo International Inc. (MTD)
Welch & Forbes LLC boosted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 11.3% during the 4th quarter, Holdings Channel reports. The firm owned 76,512 shares of the medical instruments supplier’s stock after purchasing an additional 7,745 shares during the quarter. Mettler-Toledo International makes up approximately 1.2% of Welch & Forbes LLC’s portfolio, making the stock its 22nd biggest holding. Welch & Forbes LLC’s holdings in Mettler-Toledo International were worth $43,273,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of MTD. Atria Investments LLC increased its holdings in Mettler-Toledo International by 20.0% during the 3rd quarter. Atria Investments LLC now owns 1,744 shares of the medical instruments supplier’s stock worth $1,062,000 after purchasing an additional 291 shares during the last quarter. Bank of Montreal Can increased its holdings in Mettler-Toledo International by 27.9% during the 3rd quarter. Bank of Montreal Can now owns 76,303 shares of the medical instruments supplier’s stock worth $46,467,000 after purchasing an additional 16,641 shares during the last quarter. First Hawaiian Bank purchased a new stake in Mettler-Toledo International during the 3rd quarter worth approximately $204,000. Raymond James Trust N.A. purchased a new stake in Mettler-Toledo International during the 3rd quarter worth approximately $233,000. Finally, Nisa Investment Advisors LLC increased its holdings in Mettler-Toledo International by 7.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 17,558 shares of the medical instruments supplier’s stock worth $10,692,000 after purchasing an additional 1,288 shares during the last quarter. Institutional investors own 93.75% of the company’s stock.
In related news, CFO Shawn Vadala sold 449 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $597.21, for a total transaction of $268,147.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William P. Donnelly sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $598.20, for a total value of $1,495,500.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,695 shares of company stock valued at $16,459,743. Insiders own 4.80% of the company’s stock.
Shares of MTD traded up $2.70 during mid-day trading on Monday, hitting $665.00. The stock had a trading volume of 1,756 shares, compared to its average volume of 118,626. The firm has a market cap of $16.59 billion, a price-to-earnings ratio of 32.63, a PEG ratio of 2.29 and a beta of 1.30. The company has a current ratio of 1.42, a quick ratio of 1.06 and a debt-to-equity ratio of 1.67. Mettler-Toledo International Inc. has a fifty-two week low of $500.74 and a fifty-two week high of $666.46.
Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, February 7th. The medical instruments supplier reported $6.85 EPS for the quarter, topping the consensus estimate of $6.74 by $0.11. The company had revenue of $817.92 million during the quarter, compared to analyst estimates of $807.58 million. Mettler-Toledo International had a return on equity of 94.57% and a net margin of 17.46%. The business’s revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $5.97 EPS. On average, sell-side analysts predict that Mettler-Toledo International Inc. will post 22.6 earnings per share for the current fiscal year.
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.
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).
Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.