ASR Vermogensbeheer N.V. acquired a new position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,164 shares of the medical instruments supplier's stock, valued at approximately $4,917,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Mettler-Toledo International by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 2,543,365 shares of the medical instruments supplier's stock worth $3,003,485,000 after buying an additional 30,535 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Mettler-Toledo International by 6.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 455,739 shares of the medical instruments supplier's stock worth $557,680,000 after buying an additional 25,873 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Mettler-Toledo International by 131,246.3% during the 1st quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier's stock worth $456,018,000 after purchasing an additional 385,864 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in shares of Mettler-Toledo International by 36.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier's stock worth $444,327,000 after purchasing an additional 96,300 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Mettler-Toledo International by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 280,319 shares of the medical instruments supplier's stock worth $331,032,000 after purchasing an additional 5,756 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Mettler-Toledo International
In other news, Director Michael A. Kelly sold 1,062 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the completion of the sale, the director owned 120 shares in the company, valued at approximately $139,191.60. The trade was a 89.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.94% of the company's stock.
Mettler-Toledo International Price Performance
Shares of MTD opened at $1,236.13 on Friday. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,521.01. The company has a 50-day moving average of $1,200.09 and a 200 day moving average of $1,192.23. The firm has a market capitalization of $25.46 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 3.67 and a beta of 1.34.
Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share for the quarter, beating analysts' consensus estimates of $9.58 by $0.51. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. The company had revenue of $983.22 million during the quarter, compared to analyst estimates of $957.41 million. During the same quarter last year, the business posted $9.65 EPS. The firm's revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms recently commented on MTD. Evercore ISI dropped their price target on shares of Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating for the company in a research note on Monday. Barclays began coverage on shares of Mettler-Toledo International in a research note on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price target for the company. Wells Fargo & Company lifted their price target on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Jefferies Financial Group raised shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their price target for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Finally, Bank of America lifted their price target on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a research note on Thursday, June 26th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $1,288.89.
View Our Latest Report on Mettler-Toledo International
About Mettler-Toledo International
(
Free Report)
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.
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