Czech National Bank Buys 228 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Czech National Bank grew its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 5.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,804 shares of the medical instruments supplier's stock after acquiring an additional 228 shares during the quarter. Czech National Bank's holdings in Mettler-Toledo International were worth $5,673,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Mettler-Toledo International in the 4th quarter worth approximately $33,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $44,000. Blue Trust Inc. boosted its position in shares of Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after purchasing an additional 17 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $54,000. Finally, Menard Financial Group LLC bought a new stake in Mettler-Toledo International in the fourth quarter worth $67,000. Institutional investors own 95.07% of the company's stock.

Insider Activity

In other news, Director Michael A. Kelly sold 1,062 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the director now directly 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 Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.94% of the company's stock.

Mettler-Toledo International Stock Down 0.5%

MTD traded down $6.22 during midday trading on Thursday, reaching $1,163.45. The company had a trading volume of 179,511 shares, compared to its average volume of 151,383. The business has a 50-day moving average of $1,092.15 and a two-hundred day moving average of $1,204.74. The company has a market cap of $24.18 billion, a P/E ratio of 28.71, a P/E/G ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its 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 firm had revenue of $883.74 million during the quarter, compared to analysts' expectations of $876.61 million. During the same quarter last year, the business posted $8.89 earnings per share. The firm's revenue was down 4.6% on a year-over-year basis. On average, equities research analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MTD. Wall Street Zen downgraded Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Wells Fargo & Company upped their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and lowered their price target for the company from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and lowered their price target for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Finally, Evercore ISI upped their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International has an average rating of "Hold" and a consensus price target of $1,302.11.

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.