Donaldson Capital Management LLC Buys 68 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Donaldson Capital Management LLC increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,182 shares of the medical instruments supplier’s stock after buying an additional 68 shares during the period. Donaldson Capital Management LLC’s holdings in Mettler-Toledo International were worth $4,772,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of MTD. Capital International Investors lifted its position in Mettler-Toledo International by 15.1% during the first quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier’s stock worth $1,431,696,000 after acquiring an additional 141,431 shares during the last quarter. PineStone Asset Management Inc. boosted its stake in Mettler-Toledo International by 127.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock valued at $362,855,000 after purchasing an additional 145,453 shares during the period. TD Asset Management Inc grew its holdings in Mettler-Toledo International by 1.9% in the 2nd quarter. TD Asset Management Inc now owns 157,247 shares of the medical instruments supplier’s stock valued at $219,767,000 after buying an additional 2,866 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Mettler-Toledo International by 32.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock worth $199,777,000 after buying an additional 35,048 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Mettler-Toledo International by 88.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier’s stock worth $163,290,000 after buying an additional 57,509 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Wells Fargo & Company initiated coverage on Mettler-Toledo International in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 price target for the company. Stifel Nicolaus raised their price objective on 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. Evercore ISI increased their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a report on Tuesday, October 1st. Finally, The Goldman Sachs Group boosted their price target on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1,363.75.

Insider Activity

In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the company’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 completion of the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $6,884,514. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, 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 transaction of $350,250.00. Following the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $6,884,514. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christian Magloth sold 1,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Mettler-Toledo International Trading Up 3.9 %

Shares of NYSE MTD opened at $1,342.09 on Monday. The company has a market cap of $28.48 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 3.78 and a beta of 1.16. Mettler-Toledo International Inc. has a 12 month low of $953.28 and a 12 month high of $1,546.93. The stock has a 50-day moving average price of $1,403.38 and a two-hundred day moving average price of $1,396.81.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, beating the consensus estimate of $9.00 by $0.65. The business had revenue of $946.75 million during the quarter, compared to the consensus estimate of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.19 EPS. On average, sell-side analysts predict that Mettler-Toledo International Inc. will post 40.34 earnings per share for the current year.

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.