158 Shares in Mettler-Toledo International Inc. (NYSE:MTD) Purchased by DGS Capital Management LLC

DGS Capital Management LLC purchased a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 158 shares of the medical instruments supplier’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Family Firm Inc. bought a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $25,000. Blue Trust Inc. raised its position in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after buying an additional 17 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International during the 3rd quarter valued at $37,000. Rothschild Investment LLC purchased a new position in Mettler-Toledo International during the 2nd quarter worth $42,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at about $42,000. 95.07% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the transaction, the director now directly owns 240 shares in the company, valued at approximately $314,820. This represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the sale, the insider now owns 6 shares of the company’s stock, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,276.98 on Friday. The business’s fifty day moving average is $1,305.85 and its 200 day moving average is $1,377.40. Mettler-Toledo International Inc. has a 52-week low of $1,115.64 and a 52-week high of $1,546.93. The firm has a market cap of $26.94 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 4.19 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The company had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Equities analysts predict that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MTD. Wells Fargo & Company cut their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Stifel Nicolaus reduced their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. Robert W. Baird lowered their target price on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and upped their price target for the company from $1,200.00 to $1,300.00 in a research report on Wednesday. Finally, Wolfe Research began coverage on Mettler-Toledo International in a report on Friday. They issued a “peer perform” rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and a consensus price target of $1,351.25.

About Mettler-Toledo International

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.