520 Shares in Mettler-Toledo International Inc. (NYSE:MTD) Purchased by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd bought a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 520 shares of the medical instruments supplier’s stock, valued at approximately $727,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTD. Eisler Capital UK Ltd. bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth $770,000. Daiwa Securities Group Inc. grew its stake in shares of Mettler-Toledo International by 36.6% in the 1st quarter. Daiwa Securities Group Inc. now owns 2,682 shares of the medical instruments supplier’s stock valued at $3,570,000 after buying an additional 719 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Mettler-Toledo International by 9.3% during 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 purchasing an additional 12,249 shares in the last quarter. Capital International Investors boosted its stake in shares of Mettler-Toledo International by 3.0% during the 4th 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 in the last quarter. Finally, Kovitz Investment Group Partners LLC acquired a new position in Mettler-Toledo International during the fourth quarter valued at approximately $1,654,000. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Up 1.1 %

Shares of MTD traded up $16.13 on Wednesday, hitting $1,438.72. The company’s stock had a trading volume of 14,658 shares, compared to its average volume of 139,393. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,546.93. The firm’s fifty day moving average price is $1,404.49 and its 200-day moving average price is $1,351.24. The firm has a market capitalization of $30.73 billion, a price-to-earnings ratio of 39.89, a P/E/G ratio of 4.06 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last released its earnings results 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. Mettler-Toledo International had a negative return on equity of 590.80% and a net margin of 20.95%. The firm had revenue of $946.75 million for the quarter, compared to analysts’ expectations of $929.13 million. During the same quarter in the previous year, the business posted $10.19 EPS. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. As a group, equities analysts predict that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MTD shares. Wells Fargo & Company began coverage on Mettler-Toledo International in a research report on Tuesday. They set an “equal weight” rating and a $1,400.00 price objective for the company. Citigroup upped their target price on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a report on Monday, May 13th. Jefferies Financial Group reissued an “underperform” rating and issued a $1,250.00 price objective (up previously from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Robert W. Baird raised their price target on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Finally, The Goldman Sachs Group boosted their price objective on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1,356.25.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of the stock in a transaction on Thursday, August 15th. The shares were 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 owns 734 shares in the company, valued at $1,044,459.98. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Christian Magloth sold 1,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $1,044,459.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $6,884,514. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

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.