Mettler-Toledo International, Inc. (NYSE:MTD) Shares Bought by Legato Capital Management LLC

Legato Capital Management LLC increased its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 107.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,050 shares of the medical instruments supplier's stock after purchasing an additional 1,063 shares during the quarter. Legato Capital Management LLC's holdings in Mettler-Toledo International were worth $2,421,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of MTD. Edmond DE Rothschild Holding S.A. purchased a new stake in Mettler-Toledo International during the 4th quarter valued at $44,000. Golden State Wealth Management LLC lifted its position in shares of Mettler-Toledo International by 583.3% in the 1st quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock worth $48,000 after purchasing an additional 35 shares during the period. Menard Financial Group LLC purchased a new stake in Mettler-Toledo International during the fourth quarter valued at approximately $67,000. Blue Trust Inc. lifted its position in Mettler-Toledo International by 520.0% during the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock valued at $73,000 after acquiring an additional 52 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Mettler-Toledo International by 39.1% in the first quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier's stock worth $103,000 after buying an additional 25 shares during the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MTD has been the topic of several research analyst reports. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and reduced their price objective for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Wells Fargo & Company raised their price target 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 initiated coverage on Mettler-Toledo International in a research report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price objective for the company. Bank of America lifted their price target on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a "neutral" rating in a research report on Thursday, June 26th. Finally, Robert W. Baird cut their price objective on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $1,280.90.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of the company'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 value of $1,231,845.66. Following the completion of 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 is accessible through the SEC website. Insiders own 0.77% of the company's stock.

Mettler-Toledo International Stock Up 4.7%

Shares of NYSE:MTD opened at $1,221.71 on Wednesday. The company has a 50-day moving average price of $1,175.85 and a 200 day moving average price of $1,193.72. Mettler-Toledo International, Inc. has a 52 week low of $946.69 and a 52 week high of $1,546.93. The company has a market cap of $25.39 billion, a P/E ratio of 30.47, a PEG ratio of 3.59 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a net margin of 22.17% and a negative return on equity of 556.22%. The business had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. During the same quarter in the prior year, the business posted $8.89 EPS. The company's revenue for the quarter was down 4.6% on a year-over-year basis. Analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

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.

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