Grandfield & Dodd LLC Boosts Stock Position in Mettler-Toledo International, Inc. (NYSE:MTD)

Grandfield & Dodd LLC lifted its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 4.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,979 shares of the medical instruments supplier's stock after buying an additional 572 shares during the quarter. Grandfield & Dodd LLC owned about 0.06% of Mettler-Toledo International worth $15,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $9,145,000. Farther Finance Advisors LLC boosted its stake in Mettler-Toledo International by 14.3% during the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after acquiring an additional 8 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Mettler-Toledo International by 19.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 706 shares of the medical instruments supplier's stock worth $864,000 after acquiring an additional 115 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in Mettler-Toledo International by 5.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 513 shares of the medical instruments supplier's stock worth $628,000 after purchasing an additional 28 shares during the period. Finally, Cibc World Markets Corp increased its stake in shares of Mettler-Toledo International by 13.0% during the fourth quarter. Cibc World Markets Corp now owns 3,315 shares of the medical instruments supplier's stock valued at $4,056,000 after purchasing an additional 382 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock traded up $22.20 during midday trading on Thursday, reaching $1,206.40. 87,289 shares of the company traded hands, compared to its average volume of 150,982. Mettler-Toledo International, Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93. The business has a 50 day moving average of $1,171.39 and a two-hundred day moving average of $1,194.38. The firm has a market capitalization of $25.07 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 3.59 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, beating the consensus estimate of $7.90 by $0.29. The firm had revenue of $883.74 million for the quarter, compared to analysts' expectations of $876.61 million. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. The company's revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.89 EPS. As a group, equities analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Insider Activity

In other news, Director Michael A. Kelly sold 1,062 shares of the 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 value of $1,231,845.66. Following the transaction, the director owned 120 shares in the company, valued at $139,191.60. This represents a 89.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.94% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MTD. UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Barclays started coverage on Mettler-Toledo International in a report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price target for the company. Wells Fargo & Company upped their price target on shares of 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. Bank of America raised their price objective on shares of 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. Finally, Evercore ISI upped their target price on shares of Mettler-Toledo International from $1,200.00 to $1,280.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Mettler-Toledo International has a consensus rating of "Hold" and an average price target of $1,280.90.

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.