Investidor Profissional Gestao de Recursos Ltda. Buys New Stake in Mettler-Toledo International, Inc. (NYSE:MTD)

Key Points

• Investidor Profissional Gestao de Recursos Ltda. acquired 232 shares of Mettler-Toledo International, valued at approximately $274,000, making it the firm's 19th largest position.
• Several institutional investors, including Greenleaf Trust and Sequoia Financial Advisors LLC, also increased their stakes in Mettler-Toledo International during the first quarter.
• Mettler-Toledo International recently reported better-than-expected earnings, with a 10.09 EPS for the quarter, surpassing analysts' estimates of $9.58.

Investidor Profissional Gestao de Recursos Ltda. purchased a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 232 shares of the medical instruments supplier's stock, valued at approximately $274,000. Mettler-Toledo International comprises 0.2% of Investidor Profissional Gestao de Recursos Ltda.'s investment portfolio, making the stock its 19th largest holding.

A number of other hedge funds also recently modified their holdings of MTD. Wealthspire Advisors LLC boosted its holdings in Mettler-Toledo International by 100.0% in the 1st quarter. Wealthspire Advisors LLC now owns 3,036 shares of the medical instruments supplier's stock worth $3,585,000 after buying an additional 1,518 shares during the period. Atria Wealth Solutions Inc. raised its stake in shares of Mettler-Toledo International by 4.0% during the 1st quarter. Atria Wealth Solutions Inc. now owns 598 shares of the medical instruments supplier's stock valued at $706,000 after purchasing an additional 23 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its holdings in Mettler-Toledo International by 200.0% during the 1st quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 600 shares of the medical instruments supplier's stock worth $709,000 after purchasing an additional 400 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in Mettler-Toledo International by 6.1% in the 1st quarter. Jupiter Asset Management Ltd. now owns 33,875 shares of the medical instruments supplier's stock worth $40,003,000 after purchasing an additional 1,958 shares during the period. Finally, Baker Avenue Asset Management LP purchased a new position in Mettler-Toledo International during the 1st quarter valued at about $257,000. Institutional investors own 95.07% of the company's stock.

Analyst Ratings Changes

MTD has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a "neutral" rating in a research note on Monday. Evercore ISI lowered their price objective on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating on the stock in a research report on Monday. Wells Fargo & Company boosted 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 report on Monday, May 5th. Barclays began coverage on Mettler-Toledo International in a report on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price target on the stock. Finally, UBS Group upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $1,288.89.

Mettler-Toledo International Stock Down 1.8%

Shares of Mettler-Toledo International stock traded down $22.98 on Wednesday, hitting $1,220.96. The stock had a trading volume of 184,758 shares, compared to its average volume of 172,926. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,521.01. The stock's 50-day simple moving average is $1,197.57 and its two-hundred day simple moving average is $1,192.45. The stock has a market cap of $25.15 billion, a price-to-earnings ratio of 30.92, a PEG ratio of 3.73 and a beta of 1.34.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share for the quarter, topping 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 firm had revenue of $983.22 million for the quarter, compared to analyst estimates of $957.41 million. During the same period last year, the company earned $9.65 EPS. The business's quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities analysts predict that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In related news, Director Michael A. Kelly sold 1,062 shares of the firm'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 transaction of $1,231,845.66. Following the completion of the sale, the director owned 120 shares of the company's stock, valued at $139,191.60. This trade represents a 89.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.94% of the stock is owned by insiders.

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.