Boston Trust Walden Corp Purchases 2,296 Shares of Mettler-Toledo International, Inc. (NYSE:MTD)

Boston Trust Walden Corp grew its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 7.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,610 shares of the medical instruments supplier's stock after acquiring an additional 2,296 shares during the period. Boston Trust Walden Corp owned about 0.17% of Mettler-Toledo International worth $40,871,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth about $33,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth about $44,000. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth about $54,000. Menard Financial Group LLC bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth about $67,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Mettler-Toledo International by 14.3% during 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 during the period. Institutional investors own 95.07% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MTD. Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price for the company in a report on Monday, April 7th. Robert W. Baird dropped their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their price objective for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. UBS Group upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company lifted 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 research note on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Mettler-Toledo International currently has a consensus rating of "Hold" and an average price target of $1,302.11.

Mettler-Toledo International Trading Down 0.3%

Shares of NYSE:MTD opened at $1,147.24 on Friday. The firm has a 50 day moving average of $1,116.31 and a 200-day moving average of $1,201.68. The stock has a market capitalization of $23.84 billion, a PE ratio of 28.61, a PEG ratio of 3.39 and a beta of 1.38. Mettler-Toledo International, Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, beating the consensus estimate of $7.90 by $0.29. The company had revenue of $883.74 million during the quarter, compared to analysts' expectations of $876.61 million. Mettler-Toledo International had a net margin of 22.17% and a negative return on equity of 556.22%. The business's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the company earned $8.89 EPS. On average, research analysts predict that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Insider Activity

In other news, Director Michael A. Kelly sold 1,062 shares of the business's stock in a transaction that occurred on 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 transaction, the director now directly owns 120 shares in the company, valued at approximately $139,191.60. The trade was a 89.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.

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