MBB Public Markets I LLC Grows Position in Mettler-Toledo International Inc. (NYSE:MTD)

MBB Public Markets I LLC lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 692.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,474 shares of the medical instruments supplier’s stock after acquiring an additional 1,288 shares during the quarter. MBB Public Markets I LLC’s holdings in Mettler-Toledo International were worth $2,060,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of MTD. Orion Portfolio Solutions LLC boosted its position in shares of Mettler-Toledo International by 32.5% in the fourth quarter. Orion Portfolio Solutions LLC now owns 676 shares of the medical instruments supplier’s stock worth $789,000 after acquiring an additional 166 shares during the last quarter. Scotia Capital Inc. increased its holdings in shares of Mettler-Toledo International by 67.6% during the 4th quarter. Scotia Capital Inc. now owns 627 shares of the medical instruments supplier’s stock worth $761,000 after buying an additional 253 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Mettler-Toledo International by 2.7% in the 4th quarter. California State Teachers Retirement System now owns 35,645 shares of the medical instruments supplier’s stock worth $43,236,000 after buying an additional 943 shares during the period. APG Asset Management US Inc. purchased a new stake in Mettler-Toledo International during the fourth quarter valued at about $5,179,000. Finally, KBC Group NV increased its stake in Mettler-Toledo International by 314.1% during the fourth quarter. KBC Group NV now owns 56,443 shares of the medical instruments supplier’s stock worth $68,463,000 after acquiring an additional 42,812 shares during the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,478.92 on Monday. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,546.93. The business’s 50-day simple moving average is $1,416.98 and its 200 day simple moving average is $1,380.97. The stock has a market cap of $31.59 billion, a price-to-earnings ratio of 41.47, a price-to-earnings-growth ratio of 3.75 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $946.75 million during the quarter, compared to analyst estimates of $929.13 million. During the same period in the previous year, the company earned $10.19 earnings per share. Mettler-Toledo International’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities research analysts predict that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

Wall Street Analyst Weigh In

MTD has been the subject of a number of research analyst reports. Stifel Nicolaus increased their target price on shares of 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. Evercore ISI raised their target price on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research note on Tuesday, July 2nd. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. The Goldman Sachs Group raised their price objective on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Finally, Jefferies Financial Group reiterated an “underperform” rating and issued a $1,250.00 target price (up previously from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $1,356.25.

Insider Buying and Selling

In other news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction on 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 transaction, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Christian Magloth sold 1,000 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $6,884,514. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International 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.