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

AustralianSuper Pty Ltd grew its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 60.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 114,986 shares of the medical instruments supplier's stock after acquiring an additional 43,313 shares during the period. AustralianSuper Pty Ltd owned about 0.55% of Mettler-Toledo International worth $135,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Creekmur Asset Management LLC acquired a new position in shares of Mettler-Toledo International in the first quarter worth $359,000. Verdence Capital Advisors LLC grew its stake in shares of Mettler-Toledo International by 6.1% during the first quarter. Verdence Capital Advisors LLC now owns 403 shares of the medical instruments supplier's stock worth $476,000 after purchasing an additional 23 shares in the last quarter. Grandfield & Dodd LLC grew its stake in shares of Mettler-Toledo International by 4.6% during the first quarter. Grandfield & Dodd LLC now owns 12,979 shares of the medical instruments supplier's stock worth $15,327,000 after purchasing an additional 572 shares in the last quarter. Larson Financial Group LLC grew its stake in shares of Mettler-Toledo International by 36.1% during the first quarter. Larson Financial Group LLC now owns 415 shares of the medical instruments supplier's stock worth $490,000 after purchasing an additional 110 shares in the last quarter. Finally, Slow Capital Inc. grew its stake in shares of Mettler-Toledo International by 87.9% during the first quarter. Slow Capital Inc. now owns 4,240 shares of the medical instruments supplier's stock worth $5,006,000 after purchasing an additional 1,984 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Stock Performance

NYSE MTD traded down $20.58 during mid-day trading on Monday, reaching $1,174.27. 72,459 shares of the stock were exchanged, compared to its average volume of 150,948. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93. The business's fifty day simple moving average is $1,175.85 and its 200 day simple moving average is $1,193.72. The stock has a market capitalization of $24.40 billion, a PE ratio of 29.34, a PEG ratio of 3.67 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a net margin of 22.17% and a negative return on equity of 556.22%. The firm had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. During the same quarter last year, the business earned $8.89 earnings per share. Mettler-Toledo International's revenue was down 4.6% compared to the same quarter last year. On average, analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Wall Street Analysts Forecast Growth

MTD has been the subject of a number of analyst reports. UBS Group upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Wall Street Zen cut shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Evercore ISI increased their price target on shares of Mettler-Toledo International from $1,200.00 to $1,280.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Robert W. Baird cut their price target on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Finally, Bank of America increased 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 report on Thursday, June 26th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Mettler-Toledo International currently has an average rating of "Hold" and a consensus target price of $1,280.90.

Insider Buying and Selling at Mettler-Toledo International

In related news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the transaction, 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 legal filing with the SEC, which can be accessed through this link. 0.77% of the stock is currently owned by company insiders.

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.