Ballentine Partners LLC Grows Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Ballentine Partners LLC increased its position in Mettler-Toledo International Inc. (NYSE:MTD) by 13.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 600 shares of the medical instruments supplier’s stock after buying an additional 73 shares during the period. Ballentine Partners LLC’s holdings in Mettler-Toledo International were worth $839,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Eisler Capital UK Ltd. purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth about $770,000. Daiwa Securities Group Inc. grew its holdings in Mettler-Toledo International by 36.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,682 shares of the medical instruments supplier’s stock valued at $3,570,000 after buying an additional 719 shares in the last quarter. Capital International Investors raised its position in shares of Mettler-Toledo International by 3.0% during the fourth quarter. Capital International Investors now owns 933,989 shares of the medical instruments supplier’s stock valued at $1,132,891,000 after buying an additional 27,386 shares during the last quarter. Norden Group LLC lifted its holdings in shares of Mettler-Toledo International by 2,701.7% in the first quarter. Norden Group LLC now owns 6,640 shares of the medical instruments supplier’s stock worth $8,840,000 after buying an additional 6,403 shares in the last quarter. Finally, Parkman Healthcare Partners LLC bought a new position in shares of Mettler-Toledo International during the fourth quarter worth $9,097,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,384.51 on Tuesday. The firm has a market capitalization of $29.38 billion, a PE ratio of 38.83, a PEG ratio of 3.67 and a beta of 1.14. The stock’s fifty day moving average is $1,399.06 and its 200 day moving average is $1,367.04. 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 released its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.00 by $0.65. The firm had revenue of $946.75 million during the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The business’s revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business earned $10.19 EPS. Equities analysts forecast that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on MTD shares. Evercore ISI lifted their price target on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a report on Tuesday, July 2nd. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. The Goldman Sachs Group increased their price target on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Citigroup lifted their price objective on Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research note on Monday, May 13th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Two equities 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $1,356.25.

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 250 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $6,884,514. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the sale, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Shawn Vadala sold 250 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $6,884,514. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Company Profile

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.