LPL Financial LLC Buys 758 Shares of Mettler-Toledo International, Inc. (NYSE:MTD)

LPL Financial LLC grew its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 16.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,404 shares of the medical instruments supplier’s stock after purchasing an additional 758 shares during the period. LPL Financial LLC’s holdings in Mettler-Toledo International were worth $6,382,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its holdings 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 acquiring an additional 385,864 shares during the period. T. Rowe Price Investment Management Inc. lifted its position in shares of Mettler-Toledo International by 36.1% in 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 acquiring an additional 96,300 shares in the last quarter. Northern Trust Corp lifted its position in shares of Mettler-Toledo International by 23.6% in the fourth quarter. Northern Trust Corp now owns 251,705 shares of the medical instruments supplier’s stock worth $308,006,000 after buying an additional 48,027 shares in the last quarter. AustralianSuper Pty Ltd lifted its position in shares of Mettler-Toledo International by 60.4% in the first quarter. AustralianSuper Pty Ltd now owns 114,986 shares of the medical instruments supplier’s stock worth $135,788,000 after buying an additional 43,313 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Mettler-Toledo International by 2,411.4% during the fourth quarter. Millennium Management LLC now owns 43,346 shares of the medical instruments supplier’s stock worth $53,042,000 after acquiring an additional 41,620 shares during the last quarter. 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 stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the transaction, the director owned 120 shares of the company’s stock, valued at $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 SEC, which is accessible through this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MTD has been the topic of a number of analyst reports. Evercore ISI cut their target price on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an “outperform” rating on the stock in a research note on Monday, August 4th. UBS Group upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Wells Fargo & Company upped their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Barclays initiated coverage on Mettler-Toledo International in a research report on Tuesday, June 24th. They set an “overweight” rating and a $1,325.00 price target on the stock. Finally, Robert W. Baird raised their target price on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $1,288.89.

Mettler-Toledo International Trading Up 0.2%

Shares of MTD opened at $1,258.27 on Tuesday. The firm’s 50-day moving average is $1,204.46 and its two-hundred day moving average is $1,189.31. Mettler-Toledo International, Inc. has a twelve month low of $946.69 and a twelve month high of $1,521.01. The firm has a market capitalization of $25.92 billion, a P/E ratio of 31.86, a PEG ratio of 3.77 and a beta of 1.34.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.58 by $0.51. The business had revenue of $983.22 million for the quarter, compared to the consensus estimate of $957.41 million. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $9.65 earnings per share. Analysts predict that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

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.