Diversified Trust Co Purchases 794 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Diversified Trust Co raised its position in Mettler-Toledo International Inc. (NYSE:MTD) by 24.2% during the 1st quarter, HoldingsChannel reports. The fund owned 4,080 shares of the medical instruments supplier’s stock after buying an additional 794 shares during the quarter. Diversified Trust Co’s holdings in Mettler-Toledo International were worth $5,432,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp increased its position in shares of Mettler-Toledo International by 19.6% during the 1st quarter. Atlantic Union Bankshares Corp now owns 1,491 shares of the medical instruments supplier’s stock worth $1,985,000 after purchasing an additional 244 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Mettler-Toledo International by 16.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,144 shares of the medical instruments supplier’s stock worth $1,523,000 after purchasing an additional 165 shares during the last quarter. Ballentine Partners LLC increased its position in shares of Mettler-Toledo International by 2.3% during the 1st quarter. Ballentine Partners LLC now owns 527 shares of the medical instruments supplier’s stock worth $702,000 after purchasing an additional 12 shares during the last quarter. Security Financial Services INC. acquired a new position in shares of Mettler-Toledo International during the 1st quarter worth approximately $228,000. Finally, Bennett Selby Investments LP increased its position in shares of Mettler-Toledo International by 14.6% during the 1st quarter. Bennett Selby Investments LP now owns 330 shares of the medical instruments supplier’s stock worth $439,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

MTD traded down $21.88 during trading on Monday, hitting $1,375.71. The stock had a trading volume of 34,088 shares, compared to its average volume of 145,890. The company has a 50 day moving average price of $1,399.77 and a 200-day moving average price of $1,294.18. The firm has a market cap of $29.39 billion, a price-to-earnings ratio of 39.19, a P/E/G ratio of 3.75 and a beta of 1.17. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,535.86.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.61 by $1.28. The business had revenue of $925.95 million during the quarter, compared to the consensus estimate of $879.72 million. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $8.69 EPS. As a group, sell-side analysts predict that Mettler-Toledo International Inc. will post 40.13 EPS for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other news, Director Thomas P. Salice sold 1,268 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the completion of the sale, the director now directly owns 244 shares in the company, valued at approximately $363,603.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Christian Magloth sold 1,100 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at approximately $1,079,691.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas P. Salice sold 1,268 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the sale, the director now owns 244 shares of the company’s stock, valued at $363,603.92. The disclosure for this sale can be found here. Insiders sold 3,278 shares of company stock worth $4,871,849 in the last ninety days. 1.94% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MTD. Evercore ISI boosted their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Jefferies Financial Group reissued an “underperform” rating and set a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Citigroup boosted their target price on Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a report on Monday, May 13th. Robert W. Baird boosted their target price on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Finally, Stifel Nicolaus boosted their target price on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,256.25.

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.