Mettler-Toledo International Inc. (NYSE:MTD) is WCM Investment Management LLC’s 4th Largest Position
WCM Investment Management LLC raised its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 3.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,548,699 shares of the medical instruments supplier’s stock after buying an additional 52,874 shares during the quarter. Mettler-Toledo International comprises 8.2% of WCM Investment Management LLC’s portfolio, making the stock its 4th biggest holding. WCM Investment Management LLC owned approximately 6.24% of Mettler-Toledo International worth $1,300,908,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTD. Permanens Capital L.P. purchased a new position in shares of Mettler-Toledo International in the 1st quarter worth approximately $29,000. Altshuler Shaham Ltd lifted its stake in shares of Mettler-Toledo International by 74.1% during the 2nd quarter. Altshuler Shaham Ltd now owns 47 shares of the medical instruments supplier’s stock worth $39,000 after acquiring an additional 20 shares during the last quarter. Berman Capital Advisors LLC lifted its stake in shares of Mettler-Toledo International by 48.5% during the 2nd quarter. Berman Capital Advisors LLC now owns 49 shares of the medical instruments supplier’s stock worth $41,000 after acquiring an additional 16 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in shares of Mettler-Toledo International during the 1st quarter worth approximately $44,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Mettler-Toledo International by 40.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 76 shares of the medical instruments supplier’s stock worth $55,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 97.22% of the company’s stock.
NYSE MTD traded down $1.82 on Thursday, reaching $667.76. 3,476 shares of the stock traded hands, compared to its average volume of 275,122. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.98 and a current ratio of 1.39. The company has a fifty day moving average price of $768.60 and a 200-day moving average price of $738.95. The company has a market cap of $16.62 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 2.17 and a beta of 1.33. Mettler-Toledo International Inc. has a 12 month low of $500.74 and a 12 month high of $873.51.
A number of brokerages recently issued reports on MTD. ValuEngine lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating and set a $811.00 price target for the company. in a research note on Friday, June 7th. Wolfe Research began coverage on Mettler-Toledo International in a research note on Thursday, May 30th. They set a “peer perform” rating for the company. Finally, Barclays lowered Mettler-Toledo International from an “equal weight” rating to an “underweight” rating and set a $680.00 price target for the company. in a research note on Monday, July 15th. Two analysts have rated the stock with a sell rating and five have given a hold rating to the company. The company currently has an average rating of “Hold” and an average target price of $688.60.
In other Mettler-Toledo International news, Director Robert F. Spoerry sold 2,000 shares of Mettler-Toledo International stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $740.00, for a total transaction of $1,480,000.00. Following the completion of the sale, the director now directly owns 7,894 shares of the company’s stock, valued at approximately $5,841,560. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider La Guerroniere Marc De sold 4,625 shares of Mettler-Toledo International stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $750.00, for a total value of $3,468,750.00. Following the sale, the insider now directly owns 16,610 shares of the company’s stock, valued at $12,457,500. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,625 shares of company stock valued at $6,428,750. 3.50% of the stock is currently owned by corporate insiders.
About Mettler-Toledo International
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; various related analytical instruments and provides 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.
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