Sargent Investment Group LLC Takes $549,000 Position in Mettler-Toledo International, Inc. (NYSE:MTD)

Sargent Investment Group LLC bought a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 465 shares of the medical instruments supplier's stock, valued at approximately $549,000.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Mettler-Toledo International by 14.3% in the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after buying an additional 8 shares during the period. Greenleaf Trust increased its holdings in shares of Mettler-Toledo International by 1.2% during the first quarter. Greenleaf Trust now owns 872 shares of the medical instruments supplier's stock valued at $1,030,000 after purchasing an additional 10 shares during the period. Albion Financial Group UT increased its holdings in shares of Mettler-Toledo International by 1.5% during the first quarter. Albion Financial Group UT now owns 754 shares of the medical instruments supplier's stock valued at $890,000 after purchasing an additional 11 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Mettler-Toledo International by 1.8% during the first quarter. Sequoia Financial Advisors LLC now owns 627 shares of the medical instruments supplier's stock valued at $740,000 after purchasing an additional 11 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in shares of Mettler-Toledo International by 5.4% during the first quarter. TD Private Client Wealth LLC now owns 214 shares of the medical instruments supplier's stock valued at $253,000 after purchasing an additional 11 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MTD has been the topic of a number of research analyst reports. 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. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target on the stock in a report on Monday, April 7th. Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Barclays assumed coverage on Mettler-Toledo International in a report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 target price on the stock. Finally, Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and lowered their target price for the stock from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $1,280.90.

Mettler-Toledo International Stock Down 0.7%

NYSE:MTD opened at $1,197.24 on Monday. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93. The firm has a market capitalization of $24.88 billion, a price-to-earnings ratio of 29.86, a price-to-earnings-growth ratio of 3.67 and a beta of 1.37. The stock has a fifty day simple moving average of $1,175.85 and a 200 day simple moving average of $1,193.72.

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 analysts' consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. The business had revenue of $883.74 million during the quarter, compared to analyst estimates of $876.61 million. During the same quarter last year, the company posted $8.89 EPS. Mettler-Toledo International's revenue for the quarter was down 4.6% on a year-over-year basis. Equities analysts predict that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Insider Buying and Selling

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was 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 directly owned 120 shares in the company, valued at approximately $139,191.60. This trade represents a 89.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.77% of the company's stock.

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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