Toronto Dominion Bank Has $14.04 Million Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Toronto Dominion Bank grew its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 7.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,470 shares of the medical instruments supplier's stock after acquiring an additional 746 shares during the quarter. Toronto Dominion Bank owned about 0.05% of Mettler-Toledo International worth $14,035,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of MTD. SBI Securities Co. Ltd. bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at $33,000. Edmond DE Rothschild Holding S.A. bought a new stake in Mettler-Toledo International in the 4th quarter worth about $44,000. Blue Trust Inc. increased its holdings in Mettler-Toledo International by 70.8% in the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after buying an additional 17 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in Mettler-Toledo International in the 4th quarter worth about $54,000. Finally, Farther Finance Advisors LLC increased its holdings in Mettler-Toledo International by 14.3% in the 4th 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 in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction on 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 now owns 120 shares of the company's stock, valued at approximately $139,191.60. This trade represents a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.94% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MTD. 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 report on Monday, May 5th. Evercore ISI boosted their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and cut their price target for the company from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Wall Street Zen downgraded Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target for the company in a research note on Monday, April 7th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Mettler-Toledo International presently has a consensus rating of "Hold" and a consensus target price of $1,302.11.

Mettler-Toledo International Stock Down 1.4%

Shares of NYSE MTD traded down $16.85 during midday trading on Friday, hitting $1,156.33. The stock had a trading volume of 317,154 shares, compared to its average volume of 150,406. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The stock has a 50 day simple moving average of $1,093.82 and a 200-day simple moving average of $1,205.52. The company has a market capitalization of $24.03 billion, a PE ratio of 28.53, a P/E/G ratio of 3.30 and a beta of 1.40.

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, topping analysts' consensus estimates of $7.90 by $0.29. The business had revenue of $883.74 million during the quarter, compared to the consensus estimate of $876.61 million. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The company's revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $8.89 EPS. As a group, analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

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.