993 Shares in Mettler-Toledo International, Inc. (NYSE:MTD) Acquired by S Bank Fund Management Ltd

Key Points

• S Bank Fund Management Ltd made a new investment of approximately $1.17 million in Mettler-Toledo International, acquiring 993 shares in the first quarter.
• Analysts have mixed opinions on Mettler-Toledo International, with five analysts issuing buy ratings while six have rated it a hold, leading to an average price target of $1,288.89.
• Shares of Mettler-Toledo International are currently valued at around $1,291.69, reflecting a 2.8% increase, with a market cap of $26.61 billion.

S Bank Fund Management Ltd purchased a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 993 shares of the medical instruments supplier's stock, valued at approximately $1,173,000.

A number of other large investors have also made changes to their positions in MTD. Renaissance Technologies LLC increased its position in shares of Mettler-Toledo International by 31.3% during the fourth quarter. Renaissance Technologies LLC now owns 12,600 shares of the medical instruments supplier's stock worth $15,418,000 after purchasing an additional 3,000 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Mettler-Toledo International by 61.9% during the fourth quarter. Advisory Services Network LLC now owns 314 shares of the medical instruments supplier's stock worth $384,000 after purchasing an additional 120 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of Mettler-Toledo International by 55.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,256 shares of the medical instruments supplier's stock worth $1,537,000 after purchasing an additional 446 shares in the last quarter. Townsquare Capital LLC increased its position 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 worth $787,000 after purchasing an additional 181 shares in the last quarter. Finally, Synovus Financial Corp increased its position in shares of Mettler-Toledo International by 2.3% during the fourth quarter. Synovus Financial Corp now owns 1,809 shares of the medical instruments supplier's stock worth $2,214,000 after purchasing an additional 41 shares in the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

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 completion of the sale, the director owned 120 shares of the company's stock, valued at $139,191.60. This represents a 89.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas P. Salice sold 1,062 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $1,300.90, for a total transaction of $1,381,555.80. Following the completion of the sale, the director directly owned 283 shares of the company's stock, valued at approximately $368,154.70. This trade represents a 78.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,424 shares of company stock valued at $2,989,628 in the last 90 days. Company insiders own 1.94% of the company's stock.

Mettler-Toledo International Trading Up 0.2%

MTD stock traded up $2.03 during mid-day trading on Friday, reaching $1,315.67. The company's stock had a trading volume of 135,663 shares, compared to its average volume of 169,327. The stock has a market cap of $27.10 billion, a PE ratio of 33.32, a P/E/G ratio of 3.94 and a beta of 1.34. Mettler-Toledo International, Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,521.01. The company's 50 day moving average is $1,215.67 and its two-hundred day moving average is $1,189.45.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MTD. Evercore ISI reduced 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 research report on Monday, August 4th. 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 report on Monday, August 4th. Barclays initiated coverage on shares of Mettler-Toledo International in a report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price objective on the stock. UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Finally, Bank of America boosted 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 report on Thursday, June 26th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Mettler-Toledo International currently has an average rating of "Hold" and a consensus target price of $1,288.89.

Mettler-Toledo International Company 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.