Bank of Montreal Can Has $64.27 Million Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Bank of Montreal Can raised its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 41.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 43,847 shares of the medical instruments supplier’s stock after purchasing an additional 12,860 shares during the quarter. Bank of Montreal Can owned approximately 0.21% of Mettler-Toledo International worth $64,274,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of MTD. Lombard Odier Asset Management Europe Ltd acquired a new position in shares of Mettler-Toledo International during the second quarter worth approximately $4,046,000. Evergreen Capital Management LLC lifted its holdings in Mettler-Toledo International by 18.5% during the 2nd quarter. Evergreen Capital Management LLC now owns 275 shares of the medical instruments supplier’s stock worth $384,000 after buying an additional 43 shares in the last quarter. Magnetar Financial LLC bought a new position in Mettler-Toledo International in the 2nd quarter valued at $1,848,000. Public Sector Pension Investment Board increased its stake in shares of Mettler-Toledo International by 65.0% in the 2nd quarter. Public Sector Pension Investment Board now owns 815 shares of the medical instruments supplier’s stock valued at $1,139,000 after buying an additional 321 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in shares of Mettler-Toledo International by 11.6% during the second quarter. EverSource Wealth Advisors LLC now owns 106 shares of the medical instruments supplier’s stock worth $161,000 after acquiring an additional 11 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Evercore ISI raised their price target on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a report on Tuesday, July 2nd. Wells Fargo & Company initiated coverage on shares of Mettler-Toledo International in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price target for the company. Jefferies Financial Group restated an “underperform” rating and issued a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Finally, The Goldman Sachs Group increased their price target on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,356.25.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at $1,044,459.98. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Shawn Vadala sold 250 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International Stock Down 1.5 %

Shares of NYSE MTD opened at $1,420.36 on Thursday. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,546.93. The company’s fifty day moving average is $1,410.80 and its 200-day moving average is $1,377.48. The stock has a market cap of $30.33 billion, a price-to-earnings ratio of 39.83, a P/E/G ratio of 3.75 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.00 by $0.65. The firm had revenue of $946.75 million during the quarter, compared to analysts’ expectations of $929.13 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The company’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $10.19 earnings per share. On average, research analysts anticipate that Mettler-Toledo International Inc. will post 40.35 EPS 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.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.