Deutsche Bank AG Acquires 1,487 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Deutsche Bank AG lifted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,657 shares of the medical instruments supplier's stock after acquiring an additional 1,487 shares during the period. Deutsche Bank AG owned 0.51% of Mettler-Toledo International worth $130,514,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Mettler-Toledo International during the 4th quarter worth $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Mettler-Toledo International during the 4th quarter worth $44,000. Blue Trust Inc. raised its stake in shares of Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after buying an additional 17 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in Mettler-Toledo International in the 4th quarter valued at about $54,000. Finally, Sound Income Strategies LLC lifted its holdings in Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after purchasing an additional 45 shares in the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Performance

MTD traded down $57.70 during trading on Wednesday, reaching $1,119.35. The company had a trading volume of 220,895 shares, compared to its average volume of 145,870. Mettler-Toledo International Inc. has a 12-month low of $946.69 and a 12-month high of $1,546.93. The firm's 50-day simple moving average is $1,115.19 and its 200 day simple moving average is $1,221.37. The company has a market cap of $23.26 billion, a price-to-earnings ratio of 27.62, a PEG ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.90 by $0.29. The business had revenue of $883.74 million during the quarter, compared to analyst estimates of $876.61 million. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The firm's revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $8.89 EPS. On average, sell-side analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MTD. StockNews.com lowered shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Robert W. Baird cut their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Evercore ISI increased their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Wells Fargo & Company increased their price objective on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, Citigroup upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective on the stock in a report on Monday, April 7th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Mettler-Toledo International currently has a consensus rating of "Hold" and a consensus target price of $1,296.13.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now directly owns 734 shares of the company's stock, valued at $964,248.46. The trade was a 51.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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.