Deutsche Bank AG Has $121.74 Million Holdings in Mettler-Toledo International, Inc. (NYSE:MTD)

Key Points

• Deutsche Bank AG reduced its stake in Mettler-Toledo International by 3.3% in the first quarter, owning 103,091 shares worth approximately $121.74 million after selling 3,566 shares.
• Several institutional investors made significant increases in their holdings during the same period, with Golden State Wealth Management boosting its stake by 583.3%.
• Mettler-Toledo reported a quarterly EPS of $10.09, surpassing analyst expectations and showing a year-over-year revenue increase of 3.9%, with a market cap of $25.85 billion.

Deutsche Bank AG decreased its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 3.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,091 shares of the medical instruments supplier's stock after selling 3,566 shares during the quarter. Deutsche Bank AG owned 0.49% of Mettler-Toledo International worth $121,741,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of MTD. Vanguard Group Inc. lifted its holdings 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 during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Mettler-Toledo International by 6.0% during 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 during the period. GAMMA Investing LLC increased its position in shares of Mettler-Toledo International by 131,246.3% during the first 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 in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Mettler-Toledo International by 36.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier's stock valued at $444,327,000 after buying an additional 96,300 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Mettler-Toledo International by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 280,319 shares of the medical instruments supplier's stock valued at $331,032,000 after buying an additional 5,756 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Insider Activity at Mettler-Toledo International

In other news, Director Michael A. Kelly sold 1,062 shares of the stock in a transaction dated 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 sale, the director owned 120 shares of the company's stock, valued at approximately $139,191.60. This represents a 89.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $1,254.09, for a total transaction of $376,227.00. Following the transaction, the chief financial officer owned 5,095 shares in the company, valued at approximately $6,389,588.55. This trade represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.77% of the stock is owned by insiders.

Mettler-Toledo International Price Performance

Shares of MTD traded up $35.20 during midday trading on Tuesday, hitting $1,291.69. The stock had a trading volume of 199,846 shares, compared to its average volume of 174,088. Mettler-Toledo International, Inc. has a 1 year low of $946.69 and a 1 year high of $1,521.01. The firm has a market cap of $26.61 billion, a PE ratio of 32.71, a price-to-earnings-growth ratio of 3.77 and a beta of 1.34. The stock's 50 day moving average is $1,204.46 and its 200 day moving average is $1,189.31.

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 EPS for the quarter, beating the consensus estimate 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 business had revenue of $983.22 million during the quarter, compared to analysts' expectations of $957.41 million. During the same period in the previous year, the business posted $9.65 EPS. The business's quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts expect that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MTD has been the topic of several research reports. 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 research note on Monday, May 5th. Robert W. Baird boosted their target price on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Bank of America upped their target price on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a "neutral" rating in a research note on Thursday, June 26th. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Finally, Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Mettler-Toledo International has an average rating of "Hold" and an average target price of $1,288.89.

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.