United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Raises Holdings in Mettler-Toledo International, Inc. (NYSE:MTD)

Key Points

• United Super Pty Ltd increased its holdings in Mettler-Toledo International by 200%, acquiring an additional 400 shares to own a total of 600 shares valued at $709,000 at the end of the first quarter.
• Multiple institutional investors have also boosted their stakes in Mettler-Toledo, with combined ownership from institutional investors now at 95.07%.
• Mettler-Toledo reported earnings of $10.09 per share for the last quarter, exceeding analyst estimates, with revenue rising 3.9% year-over-year.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 200.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 600 shares of the medical instruments supplier's stock after purchasing an additional 400 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's holdings in Mettler-Toledo International were worth $709,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of Mettler-Toledo International by 131,246.3% in the first quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier's stock worth $456,018,000 after purchasing an additional 385,864 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in Mettler-Toledo International by 36.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier's stock valued at $444,327,000 after purchasing an additional 96,300 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Mettler-Toledo International by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier's stock valued at $262,211,000 after purchasing an additional 74,187 shares during the period. Northern Trust Corp grew its holdings in Mettler-Toledo International by 23.6% during the fourth quarter. Northern Trust Corp now owns 251,705 shares of the medical instruments supplier's stock valued at $308,006,000 after purchasing an additional 48,027 shares during the period. Finally, AustralianSuper Pty Ltd grew its holdings in Mettler-Toledo International by 60.4% during the first quarter. AustralianSuper Pty Ltd now owns 114,986 shares of the medical instruments supplier's stock valued at $135,788,000 after purchasing an additional 43,313 shares during the period. Hedge funds and other institutional investors own 95.07% of the company's stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of the business'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 sale, the director owned 120 shares in the company, valued at approximately $139,191.60. The trade was a 89.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.94% of the company's stock.

Mettler-Toledo International Price Performance

NYSE MTD traded up $12.38 during midday trading on Tuesday, hitting $1,244.26. 148,284 shares of the company traded hands, compared to its average volume of 176,461. The company has a market cap of $25.86 billion, a PE ratio of 31.51, a price-to-earnings-growth ratio of 3.64 and a beta of 1.34. The company's 50-day simple moving average is $1,195.92 and its 200-day simple moving average is $1,192.09. Mettler-Toledo International, Inc. has a 52 week low of $946.69 and a 52 week high of $1,521.01.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MTD. Evercore ISI dropped their price objective on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating for the company in a research note on Monday. Barclays began coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price objective for the company. UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Bank of America upped their price objective on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a research note on Thursday, June 26th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $1,300.00.

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.