Massmutual Trust Co. FSB ADV Acquires 8 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Massmutual Trust Co. FSB ADV increased its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 7.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 119 shares of the medical instruments supplier’s stock after buying an additional 8 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Mettler-Toledo International were worth $166,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MTD. MV Capital Management Inc. boosted its holdings in Mettler-Toledo International by 162.5% in the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after buying an additional 13 shares during the period. Rise Advisors LLC bought a new position in Mettler-Toledo International in the 1st quarter valued at $25,000. Spartan Planning & Wealth Management bought a new position in Mettler-Toledo International in the 4th quarter valued at $27,000. Bellevue Group AG bought a new position in Mettler-Toledo International in the 4th quarter valued at $30,000. Finally, Mather Group LLC. bought a new position in Mettler-Toledo International in the 1st quarter valued at $32,000. 95.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on MTD. Stifel Nicolaus raised their price target on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a report on Monday. JPMorgan Chase & Co. raised their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research report on Monday. The Goldman Sachs Group lifted their target price 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. 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 report on Monday, June 3rd. Finally, Evercore ISI boosted their price objective 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 report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and a consensus price target of $1,343.75.

Insider Activity at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 300 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $7,160,041.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Shawn Vadala sold 300 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total value of $437,121.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $7,160,041.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christian Magloth sold 1,100 shares of the 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 of the company’s stock, valued at $1,079,691.98. The disclosure for this sale can be found here. Insiders have sold a total of 3,278 shares of company stock worth $4,871,849 over the last quarter. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Trading Down 4.9 %

MTD traded down $70.21 during midday trading on Monday, reaching $1,371.22. The company’s stock had a trading volume of 212,124 shares, compared to its average volume of 146,346. The firm has a market capitalization of $29.29 billion, a price-to-earnings ratio of 39.04, a PEG ratio of 4.06 and a beta of 1.17. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,546.93. The stock’s 50-day moving average is $1,414.17 and its 200-day moving average is $1,329.00.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, beating analysts’ consensus estimates of $9.00 by $0.65. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 590.80%. The firm had revenue of $946.75 million for the quarter, compared to analysts’ expectations of $929.13 million. During the same quarter in the prior year, the company posted $10.19 earnings per share. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, equities research analysts forecast that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current fiscal 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.