Advisors Asset Management Inc. Purchases 199 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Advisors Asset Management Inc. increased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 17.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,366 shares of the medical instruments supplier’s stock after acquiring an additional 199 shares during the period. Advisors Asset Management Inc.’s holdings in Mettler-Toledo International were worth $1,819,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Eisler Capital UK Ltd. bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth $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 worth $3,570,000 after acquiring an additional 719 shares during the last quarter. Oak Thistle LLC bought a new stake in Mettler-Toledo International during the 4th quarter worth about $1,419,000. Charles Schwab Investment Management Inc. increased its position in Mettler-Toledo International by 9.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 144,015 shares of the medical instruments supplier’s stock valued at $174,684,000 after acquiring an additional 12,249 shares in the last quarter. Finally, Capital International Investors raised its stake in shares of Mettler-Toledo International by 3.0% in the fourth quarter. Capital International Investors now owns 933,989 shares of the medical instruments supplier’s stock worth $1,132,891,000 after acquiring an additional 27,386 shares during the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $7,510,705.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Thomas P. Salice sold 1,268 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the sale, the director now directly owns 244 shares in the company, valued at $363,603.92. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $7,510,705.02. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,278 shares of company stock worth $4,871,849. Corporate insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group reissued an “underperform” rating and issued a $1,250.00 price target (up previously from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. The Goldman Sachs Group boosted their target price on 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. Citigroup upped their price target on 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 price objective on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 2nd. Finally, StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,301.25.

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,450.08 on Friday. The stock has a market cap of $30.97 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 3.89 and a beta of 1.17. The stock has a 50-day moving average of $1,415.40 and a 200-day moving average of $1,317.16. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,535.86.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, beating the consensus estimate of $7.61 by $1.28. The firm had revenue of $925.95 million during the quarter, compared to the consensus estimate of $879.72 million. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.69 earnings per share. As a group, research analysts anticipate that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current year.

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.