Assenagon Asset Management S.A. Has $65.55 Million Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Assenagon Asset Management S.A. raised its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 43.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,504 shares of the medical instruments supplier's stock after acquiring an additional 16,787 shares during the period. Assenagon Asset Management S.A. owned about 0.27% of Mettler-Toledo International worth $65,545,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Mettler-Toledo International in the 4th quarter valued at approximately $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $44,000. Whipplewood Advisors LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $54,000. Menard Financial Group LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $67,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of Mettler-Toledo International by 14.3% in the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after buying an additional 8 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the sale, the director now owns 120 shares of the company's stock, valued at $139,191.60. This trade represents a 89.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MTD shares. Wells Fargo & Company increased their target price on 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. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their target price for the stock from $1,200.00 to $1,110.00 in a report on Monday, May 5th. UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Wall Street Zen cut Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Finally, Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target for the company in a report on Monday, April 7th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $1,302.11.

Mettler-Toledo International Stock Performance

MTD traded down $34.56 during mid-day trading on Friday, reaching $1,153.65. The stock had a trading volume of 109,215 shares, compared to its average volume of 151,844. The stock has a market capitalization of $23.98 billion, a P/E ratio of 28.46, a P/E/G ratio of 3.30 and a beta of 1.38. The firm's fifty day simple moving average is $1,105.54 and its two-hundred day simple moving average is $1,203.96. Mettler-Toledo International Inc. has a 52 week low of $946.69 and a 52 week high of $1,546.93.

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

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.