Invesco Ltd. Has $223.14 Million Holdings in Mettler-Toledo International, Inc. $MTD

Invesco Ltd. lifted its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 4.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,954 shares of the medical instruments supplier's stock after acquiring an additional 7,492 shares during the period. Invesco Ltd. owned about 0.91% of Mettler-Toledo International worth $223,138,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MTD. Advisory Services Network LLC increased its position in Mettler-Toledo International by 61.9% in the fourth quarter. Advisory Services Network LLC now owns 314 shares of the medical instruments supplier's stock worth $384,000 after buying an additional 120 shares during the period. Townsquare Capital LLC increased its holdings in shares of Mettler-Toledo International by 39.2% during the fourth quarter. Townsquare Capital LLC now owns 643 shares of the medical instruments supplier's stock valued at $787,000 after purchasing an additional 181 shares during the period. Jump Financial LLC acquired a new position in shares of Mettler-Toledo International during the fourth quarter valued at $3,426,000. NewEdge Advisors LLC increased its holdings in shares of Mettler-Toledo International by 29.7% during the fourth quarter. NewEdge Advisors LLC now owns 441 shares of the medical instruments supplier's stock valued at $540,000 after purchasing an additional 101 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of Mettler-Toledo International by 34.0% during the fourth quarter. Marshall Wace LLP now owns 107,524 shares of the medical instruments supplier's stock valued at $131,575,000 after purchasing an additional 27,280 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTD has been the topic of a number of research analyst reports. Bank of America raised their price target on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. Wells Fargo & Company raised 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. 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. Evercore ISI lowered their price target on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating on the stock in a report on Monday, August 4th. Finally, Barclays initiated coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $1,288.89.

Mettler-Toledo International Trading Up 0.9%

MTD stock traded up $11.23 during trading hours on Monday, hitting $1,323.57. 40,087 shares of the stock traded hands, compared to its average volume of 174,249. The stock has a 50-day simple moving average of $1,215.67 and a 200 day simple moving average of $1,188.24. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,521.01. The company has a market cap of $27.27 billion, a P/E ratio of 33.51, a P/E/G ratio of 3.94 and a beta of 1.34.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share for the quarter, beating analysts' consensus estimates of $9.58 by $0.51. Mettler-Toledo International had a negative return on equity of 476.07% and a net margin of 21.46%. The business had revenue of $983.22 million during the quarter, compared to analyst estimates of $957.41 million. During the same quarter last year, the company posted $9.65 EPS. Mettler-Toledo International's revenue for the quarter was up 3.9% on a year-over-year basis. Analysts forecast that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Insider Activity

In other news, insider Gerry Keller sold 165 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $1,308.64, for a total value of $215,925.60. Following the transaction, the insider directly owned 94 shares of the company's stock, valued at $123,012.16. This trade represents a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International 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 completion of the transaction, the chief financial officer directly 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. In the last ninety days, insiders sold 2,589 shares of company stock valued at $3,205,554. 0.77% of the stock is currently owned by insiders.

About Mettler-Toledo International

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.