Deutsche Bank AG Takes Position in Mettler-Toledo International, Inc. $MTD

Key Points

• Deutsche Bank acquired 131,539 shares of Mettler-Toledo International during the second quarter, worth approximately $168 million and representing about 0.66% of the company. Institutional investors collectively own 95.07% of outstanding shares.
• Mettler-Toledo exceeded quarterly earnings expectations, reporting $11.46 in EPS versus the $10.78 consensus estimate, while revenue rose 4.5% year over year to about $1.03 billion.
• Analyst sentiment remains mixed, with six Buy ratings and seven Holds producing a consensus “Hold” rating and an average price target of $1,461.27. Meanwhile, insiders sold roughly $4.75 million of stock during the last quarter.

Deutsche Bank AG purchased a new stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 131,539 shares of the medical instruments supplier's stock, valued at approximately $168,042,000. Deutsche Bank AG owned approximately 0.66% of Mettler-Toledo International at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTD. Whipplewood Advisors LLC purchased a new position in Mettler-Toledo International in the first quarter worth $25,000. Reflection Asset Management purchased a new stake in shares of Mettler-Toledo International during the 4th quarter worth $26,000. Elyxium Wealth LLC purchased a new stake in shares of Mettler-Toledo International during the 4th quarter worth $29,000. Root Financial Partners LLC grew its stake in shares of Mettler-Toledo International by 45.5% during the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier's stock worth $40,000 after purchasing an additional 10 shares during the period. Finally, DV Equities LLC acquired a new position in shares of Mettler-Toledo International during the 4th quarter worth $40,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

MTD stock opened at $1,424.86 on Thursday. The stock's 50 day moving average price is $1,309.30 and its 200 day moving average price is $1,273.33. The firm has a market cap of $28.55 billion, a P/E ratio of 32.07, a PEG ratio of 2.88 and a beta of 1.23. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, topping the consensus estimate of $10.78 by $0.68. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.Mettler-Toledo International's revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $10.09 earnings per share. On average, sell-side analysts expect that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Citigroup reduced their price objective on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a "buy" rating for the company in a research note on Friday, May 8th. Wall Street Zen lowered shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Saturday, May 16th. Weiss Ratings raised shares of Mettler-Toledo International from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 4th. Jefferies Financial Group lifted their price target on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, Wolfe Research started coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a "peer perform" rating for the company. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $1,461.27.

Insider Buying and Selling

In related news, insider Gerry Keller sold 240 shares of the business's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total value of $342,513.60. Following the completion of the transaction, the insider owned 259 shares of the company's stock, valued at approximately $369,629.26. The trade was a 48.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas P. Salice sold 417 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the completion of the transaction, the director owned 292 shares in the company, valued at approximately $420,599.72. This trade represents a 58.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,312 shares of company stock worth $4,750,362. 0.71% of the stock is owned by corporate insiders.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company's product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.

Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International, Inc. (NYSE:MTD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source