Plato Investment Management Ltd Has $818,000 Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Plato Investment Management Ltd boosted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 66.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 585 shares of the medical instruments supplier’s stock after buying an additional 234 shares during the quarter. Plato Investment Management Ltd’s holdings in Mettler-Toledo International were worth $818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family Firm Inc. acquired a new stake in Mettler-Toledo International during the second quarter worth about $25,000. Rise Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the 1st quarter worth approximately $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $27,000. Bellevue Group AG acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at $30,000. Finally, Mather Group LLC. bought a new position in Mettler-Toledo International in the first quarter worth $32,000. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of MTD opened at $1,383.06 on Monday. The company has a market capitalization of $29.54 billion, a P/E ratio of 38.78, a PEG ratio of 3.70 and a beta of 1.14. 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 $1,401.62 and its 200-day simple moving average is $1,371.80.

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

Analysts Set New Price Targets

MTD has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased 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 note on Monday, August 5th. Stifel Nicolaus raised their price target on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Jefferies Financial Group reiterated 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. 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 target price for the company. Finally, StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $1,356.25.

Insiders Place Their Bets

In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $6,884,514. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated 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 completion of the sale, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the business’s stock in a transaction dated 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. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Company 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.