Capital Research Global Investors Invests $12.30 Million in Mettler-Toledo International Inc. (NYSE:MTD)

Capital Research Global Investors purchased a new stake in Mettler-Toledo International Inc. (NYSE:MTDFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,141 shares of the medical instruments supplier’s stock, valued at approximately $12,301,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Capital International Sarl lifted its position in shares of Mettler-Toledo International by 10.6% during the fourth quarter. Capital International Sarl now owns 6,043 shares of the medical instruments supplier’s stock worth $7,330,000 after purchasing an additional 579 shares during the last quarter. Capital International Investors lifted its holdings in Mettler-Toledo International by 3.0% during the 4th quarter. Capital International Investors now owns 933,989 shares of the medical instruments supplier’s stock worth $1,132,891,000 after buying an additional 27,386 shares during the last quarter. Lake Street Advisors Group LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $324,000. Eisler Capital UK Ltd. bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at approximately $770,000. Finally, First Trust Advisors LP raised its position in shares of Mettler-Toledo International by 9.0% during the 4th quarter. First Trust Advisors LP now owns 37,325 shares of the medical instruments supplier’s stock valued at $45,274,000 after acquiring an additional 3,070 shares in the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $1,250.00 price objective (up previously from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Evercore ISI increased their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Stifel Nicolaus raised their target price on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, Robert W. Baird upped their target price on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $1,256.25.

View Our Latest Analysis on MTD

Mettler-Toledo International Trading Up 0.0 %

Shares of NYSE:MTD opened at $1,438.58 on Friday. The firm’s 50 day moving average is $1,348.46 and its two-hundred day moving average is $1,254.92. The firm has a market capitalization of $30.73 billion, a P/E ratio of 40.34, a PEG ratio of 3.86 and a beta of 1.20. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,535.86.

Mettler-Toledo International (NYSE:MTDGet Free Report) last announced its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, beating the consensus estimate of $7.61 by $1.28. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The firm had revenue of $925.95 million for the quarter, compared to the consensus estimate of $879.72 million. During the same quarter in the previous year, the business earned $8.69 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Analysts predict that Mettler-Toledo International Inc. will post 40.13 EPS for the current year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $7,160,041.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $7,160,041.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Gerry Keller sold 310 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $1,511.56, for a total value of $468,583.60. Following the completion of the sale, the insider now owns 6 shares of the company’s stock, valued at approximately $9,069.36. The disclosure for this sale can be found here. Insiders sold 3,278 shares of company stock worth $4,871,849 in the last 90 days. Corporate insiders own 1.94% of the company’s stock.

About Mettler-Toledo International

(Free Report)

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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