Simplicity Wealth LLC Buys 89 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Simplicity Wealth LLC boosted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 10.8% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 911 shares of the medical instruments supplier’s stock after acquiring an additional 89 shares during the quarter. Simplicity Wealth LLC’s holdings in Mettler-Toledo International were worth $1,273,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Capital International Investors increased its stake in Mettler-Toledo International by 15.1% in the 1st 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. Bank of New York Mellon Corp increased its stake in Mettler-Toledo International by 169.4% in the 1st quarter. Bank of New York Mellon Corp now owns 573,702 shares of the medical instruments supplier’s stock worth $763,764,000 after acquiring an additional 360,786 shares during the last quarter. Norges Bank bought a new position in Mettler-Toledo International in the 4th quarter worth about $320,847,000. Principal Financial Group Inc. increased its stake in Mettler-Toledo International by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 248,007 shares of the medical instruments supplier’s stock worth $330,169,000 after acquiring an additional 6,788 shares during the last quarter. Finally, PineStone Asset Management Inc. increased its stake in Mettler-Toledo International by 29.4% in the 4th quarter. PineStone Asset Management Inc. now owns 197,182 shares of the medical instruments supplier’s stock worth $239,174,000 after acquiring an additional 44,847 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,268 shares of Mettler-Toledo International stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the completion of the transaction, the director now owns 244 shares in the company, valued at $363,603.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total value of $437,121.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $7,160,041.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas P. Salice sold 1,268 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now owns 244 shares of the company’s stock, valued at approximately $363,603.92. The disclosure for this sale can be found here. Insiders have sold 3,278 shares of company stock worth $4,871,849 over the last ninety days. 1.94% of the stock is owned by corporate insiders.

Mettler-Toledo International Trading Up 2.8 %

NYSE MTD traded up $37.38 on Thursday, hitting $1,395.33. The company’s stock had a trading volume of 71,427 shares, compared to its average volume of 145,634. Mettler-Toledo International Inc. has a 52-week low of $928.49 and a 52-week high of $1,546.93. The company’s 50-day simple moving average is $1,408.89 and its 200 day simple moving average is $1,331.78. The firm has a market cap of $29.80 billion, a P/E ratio of 39.16, a PEG ratio of 4.06 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, beating the consensus estimate of $9.00 by $0.65. Mettler-Toledo International had a negative return on equity of 590.80% 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 period in the previous year, the company posted $10.19 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. On average, research analysts forecast that Mettler-Toledo International Inc. will post 40.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on MTD. Jefferies Financial Group restated an “underperform” rating and issued a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Robert W. Baird increased their price objective on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. JPMorgan Chase & Co. increased their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Evercore ISI increased their price objective on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International currently has a consensus rating of “Hold” and an average price target of $1,343.75.

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.