4,650 Shares in Mettler-Toledo International Inc. (NYSE:MTD) Acquired by Ecofi Investissements SA

Ecofi Investissements SA acquired a new stake in Mettler-Toledo International Inc. (NYSE:MTD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,650 shares of the medical instruments supplier’s stock, valued at approximately $6,499,000. Mettler-Toledo International makes up approximately 3.6% of Ecofi Investissements SA’s portfolio, making the stock its 14th biggest position.

A number of other hedge funds also recently made changes to their positions in MTD. PineStone Asset Management Inc. lifted its stake in shares of Mettler-Toledo International by 127.4% in the second quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock worth $362,855,000 after acquiring an additional 145,453 shares in the last quarter. Capital International Investors raised its position in shares of Mettler-Toledo International by 15.1% in the 1st quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier’s stock valued at $1,431,696,000 after purchasing an additional 141,431 shares in the last quarter. Putnam Investments LLC boosted its stake in shares of Mettler-Toledo International by 2,561.7% during the 4th quarter. Putnam Investments LLC now owns 67,555 shares of the medical instruments supplier’s stock valued at $81,941,000 after buying an additional 65,017 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Mettler-Toledo International by 22,090.4% during the 4th quarter. Point72 Asset Management L.P. now owns 59,914 shares of the medical instruments supplier’s stock valued at $72,673,000 after buying an additional 59,644 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Mettler-Toledo International by 88.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier’s stock worth $163,290,000 after buying an additional 57,509 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the sale, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $6,884,514. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christian Magloth sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MTD has been the topic of several recent analyst reports. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $1,250.00 price target (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. The Goldman Sachs Group increased their price target on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. lifted their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Finally, Stifel Nicolaus lifted their target price on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and an average target price of $1,356.25.

Mettler-Toledo International Stock Down 0.8 %

MTD stock opened at $1,478.92 on Monday. The company has a market capitalization of $31.59 billion, a P/E ratio of 41.47, a PEG ratio of 3.75 and a beta of 1.14. The company has a 50-day simple moving average of $1,416.98 and a 200 day simple moving average of $1,380.97. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, topping analysts’ consensus estimates of $9.00 by $0.65. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The company had revenue of $946.75 million for the quarter, compared to the consensus estimate of $929.13 million. During the same quarter in the previous year, the business earned $10.19 EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities analysts anticipate that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.