DNB Asset Management AS Buys 158 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

DNB Asset Management AS lifted its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 4.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,767 shares of the medical instruments supplier’s stock after purchasing an additional 158 shares during the period. DNB Asset Management AS’s holdings in Mettler-Toledo International were worth $5,265,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. MV Capital Management Inc. raised its position in shares of Mettler-Toledo International by 162.5% during the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after acquiring an additional 13 shares during the last quarter. Rise Advisors LLC acquired a new stake in Mettler-Toledo International in the first quarter worth about $25,000. Spartan Planning & Wealth Management bought a new stake in Mettler-Toledo International during the 4th quarter worth about $27,000. Bellevue Group AG acquired a new position in Mettler-Toledo International during the 4th quarter valued at about $30,000. Finally, Mather Group LLC. bought a new position in shares of Mettler-Toledo International in the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

MTD has been the topic of several analyst reports. Citigroup increased their price objective on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a report on Monday, May 13th. Stifel Nicolaus lifted their price objective on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group raised their target price on 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. Evercore ISI increased their price target on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research report on Tuesday, July 2nd. Finally, Jefferies Financial Group restated an “underperform” rating and set 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1,343.75.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,382.21 on Wednesday. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,546.93. The company’s 50 day moving average price is $1,410.54 and its two-hundred day moving average price is $1,331.60. The company has a market capitalization of $29.52 billion, a P/E ratio of 38.76, a price-to-earnings-growth ratio of 4.06 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.00 by $0.65. The company had revenue of $946.75 million during the quarter, compared to the consensus estimate of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 590.80%. The firm’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $10.19 earnings per share. Analysts forecast that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current year.

Insider Activity

In related news, insider Christian Magloth sold 1,100 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,470.97, for a total value of $1,618,067.00. Following the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $1,079,691.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Shawn Vadala sold 300 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $7,510,705.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christian Magloth sold 1,100 shares of the 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 value of $1,618,067.00. Following the completion of the sale, 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 worth $4,871,849 over the last three months. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Company 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.