Toronto Dominion Bank Buys 4,135 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Toronto Dominion Bank increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 47.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,772 shares of the medical instruments supplier’s stock after acquiring an additional 4,135 shares during the quarter. Toronto Dominion Bank owned approximately 0.06% of Mettler-Toledo International worth $17,003,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gulf International Bank UK Ltd lifted its stake in shares of Mettler-Toledo International by 0.4% in the first quarter. Gulf International Bank UK Ltd now owns 1,813 shares of the medical instruments supplier’s stock valued at $2,413,000 after buying an additional 8 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in shares of Mettler-Toledo International by 1.2% in the first quarter. Wealthspire Advisors LLC now owns 757 shares of the medical instruments supplier’s stock valued at $1,008,000 after buying an additional 9 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in shares of Mettler-Toledo International by 9.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 111 shares of the medical instruments supplier’s stock valued at $148,000 after buying an additional 10 shares in the last quarter. Clarius Group LLC lifted its stake in shares of Mettler-Toledo International by 4.4% in the fourth quarter. Clarius Group LLC now owns 263 shares of the medical instruments supplier’s stock valued at $319,000 after buying an additional 11 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of Mettler-Toledo International by 3.5% in the first quarter. Conestoga Capital Advisors LLC now owns 325 shares of the medical instruments supplier’s stock valued at $433,000 after buying an additional 11 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Thomas P. Salice sold 1,268 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the sale, the director now owns 244 shares of the company’s stock, valued at $363,603.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Thomas P. Salice sold 1,268 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the completion of the transaction, the director now owns 244 shares of the company’s stock, valued at $363,603.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christian Magloth sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,079,691.98. The disclosure for this sale can be found here. Insiders have sold a total of 3,278 shares of company stock valued at $4,871,849 over the last quarter. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Performance

MTD stock traded up $39.08 during mid-day trading on Friday, hitting $1,450.08. The company had a trading volume of 175,004 shares, compared to its average volume of 147,305. The firm has a market cap of $30.97 billion, a PE ratio of 40.66, a price-to-earnings-growth ratio of 3.78 and a beta of 1.17. Mettler-Toledo International Inc. has a 12 month low of $928.49 and a 12 month high of $1,535.86. The stock’s fifty day moving average price is $1,415.40 and its two-hundred day moving average price is $1,315.94.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.61 by $1.28. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The company had revenue of $925.95 million for the quarter, compared to analyst estimates of $879.72 million. During the same quarter in the previous year, the firm posted $8.69 earnings per share. The company’s quarterly revenue was down .3% compared to the same quarter last year. Equities analysts anticipate that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on MTD shares. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Evercore ISI boosted their price target on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a report on Tuesday, July 2nd. Citigroup boosted their price target on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a report on Monday, May 13th. The Goldman Sachs Group boosted their price target on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Finally, Stifel Nicolaus boosted their price target 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $1,301.25.

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.