Mettler-Toledo International Inc. (NYSE:MTD) Stock Position Lifted by Sei Investments Co.

Sei Investments Co. boosted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 17.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,420 shares of the medical instruments supplier’s stock after purchasing an additional 3,636 shares during the period. Sei Investments Co.’s holdings in Mettler-Toledo International were worth $32,507,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Gulf International Bank UK Ltd grew its position in Mettler-Toledo International by 0.4% during the first quarter. Gulf International Bank UK Ltd now owns 1,813 shares of the medical instruments supplier’s stock valued at $2,413,000 after purchasing an additional 8 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in Mettler-Toledo International by 1.2% in the first quarter. Wealthspire Advisors LLC now owns 757 shares of the medical instruments supplier’s stock valued at $1,008,000 after acquiring an additional 9 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Mettler-Toledo International by 9.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 111 shares of the medical instruments supplier’s stock valued at $148,000 after acquiring an additional 10 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its stake in Mettler-Toledo International by 2.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 568 shares of the medical instruments supplier’s stock valued at $689,000 after acquiring an additional 11 shares during the last quarter. Finally, Clarius Group LLC lifted its stake in Mettler-Toledo International by 4.4% in the fourth quarter. Clarius Group LLC now owns 263 shares of the medical instruments supplier’s stock valued at $319,000 after acquiring an additional 11 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 1,100 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total value 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 approximately $1,079,691.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Gerry Keller sold 310 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $1,511.56, for a total value of $468,583.60. Following the completion of the transaction, the insider now owns 6 shares in the company, valued at approximately $9,069.36. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Christian Magloth sold 1,100 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the completion of the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $1,079,691.98. The disclosure for this sale can be found here. Insiders sold a total of 3,278 shares of company stock valued at $4,871,849 in the last ninety days. Company insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

MTD has been the subject of a number of analyst reports. Citigroup lifted their target price on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a research note on Monday, May 13th. Evercore ISI lifted 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 upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday. Stifel Nicolaus boosted their price objective on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Finally, Jefferies Financial Group restated an “underperform” rating and issued a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1,301.25.

Mettler-Toledo International Stock Down 0.0 %

Mettler-Toledo International stock traded down $0.67 during mid-day trading on Monday, reaching $1,358.54. The company had a trading volume of 91,459 shares, compared to its average volume of 145,107. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,535.86. The company has a 50 day moving average of $1,421.09 and a 200-day moving average of $1,303.95. The firm has a market cap of $29.02 billion, a price-to-earnings ratio of 38.12, a PEG ratio of 3.65 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, beating analysts’ consensus estimates of $7.61 by $1.28. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The firm had revenue of $925.95 million during the quarter, compared to the consensus estimate of $879.72 million. During the same period in the prior year, the firm earned $8.69 EPS. The business’s revenue was down .3% on a year-over-year basis. On average, analysts predict 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.