TD Asset Management Inc Raises Position in Mettler-Toledo International Inc. (NYSE:MTD)

TD Asset Management Inc boosted its position in Mettler-Toledo International Inc. (NYSE:MTD) by 1.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 157,247 shares of the medical instruments supplier’s stock after purchasing an additional 2,866 shares during the period. TD Asset Management Inc’s holdings in Mettler-Toledo International were worth $219,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Capital International Investors lifted its position in shares of Mettler-Toledo International by 15.1% during 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 buying an additional 141,431 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Mettler-Toledo International by 169.4% during the first quarter. Bank of New York Mellon Corp now owns 573,702 shares of the medical instruments supplier’s stock valued at $763,764,000 after purchasing an additional 360,786 shares during the last quarter. Norges Bank bought a new position in Mettler-Toledo International during the fourth quarter worth about $320,847,000. PineStone Asset Management Inc. increased 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 purchasing an additional 145,453 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Mettler-Toledo International by 2.8% in the first quarter. Principal Financial Group Inc. now owns 248,007 shares of the medical instruments supplier’s stock worth $330,169,000 after purchasing an additional 6,788 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Insider Transactions at Mettler-Toledo International

In related 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 value of $1,422,970.00. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at $1,044,459.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Shawn Vadala sold 250 shares of the business’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 value 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 approximately $6,884,514. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christian Magloth sold 1,000 shares of the stock in a transaction 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 transaction, the insider now directly 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 insiders.

Analyst Ratings Changes

MTD has been the subject of several analyst reports. The Goldman Sachs Group raised their price objective on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Evercore ISI raised their price target on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a report on Tuesday, July 2nd. Stifel Nicolaus boosted their price objective on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company began coverage on Mettler-Toledo International in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price target on the stock. Two investment 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. According to data from MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $1,356.25.

Mettler-Toledo International Stock Down 0.7 %

NYSE:MTD opened at $1,387.64 on Thursday. The stock has a market cap of $29.64 billion, a P/E ratio of 38.91, a PEG ratio of 3.84 and a beta of 1.17. The business’s 50-day moving average price is $1,399.52 and its two-hundred day moving average price is $1,361.75. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share 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 575.61%. The business had revenue of $946.75 million for the quarter, compared to the consensus estimate of $929.13 million. During the same period last year, the firm posted $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 expect that Mettler-Toledo International Inc. will post 40.35 EPS 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.