DGS Capital Management LLC Takes Position in Mettler-Toledo International Inc. (NYSE:MTD)

DGS Capital Management LLC bought a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 158 shares of the medical instruments supplier’s stock, valued at approximately $237,000.

A number of other institutional investors have also added to or reduced their stakes in MTD. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Mettler-Toledo International by 1.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 1,158 shares of the medical instruments supplier’s stock valued at $1,619,000 after purchasing an additional 14 shares during the period. OFI Invest Asset Management bought a new position in shares of Mettler-Toledo International during the 2nd quarter worth approximately $802,000. Parsons Capital Management Inc. RI increased its holdings in shares of Mettler-Toledo International by 7.2% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 2,681 shares of the medical instruments supplier’s stock worth $3,747,000 after acquiring an additional 180 shares during the last quarter. Carnegie Investment Counsel lifted its holdings in Mettler-Toledo International by 0.8% during the 2nd quarter. Carnegie Investment Counsel now owns 13,963 shares of the medical instruments supplier’s stock valued at $19,514,000 after purchasing an additional 109 shares during the last quarter. Finally, Walter Public Investments Inc. boosted its position in Mettler-Toledo International by 26.6% during the second quarter. Walter Public Investments Inc. now owns 10,453 shares of the medical instruments supplier’s stock worth $14,609,000 after purchasing an additional 2,194 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Trading Up 0.0 %

Shares of Mettler-Toledo International stock opened at $1,276.98 on Friday. The company has a 50 day moving average of $1,305.85 and a 200-day moving average of $1,377.40. The company has a market cap of $26.94 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 4.19 and a beta of 1.13. Mettler-Toledo International Inc. has a 1-year low of $1,115.64 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The business had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Research analysts forecast that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the sale, the insider now owns 6 shares in the company, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Elisha W. Finney sold 76 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the transaction, the director now owns 240 shares of the company’s stock, valued at $314,820. This trade represents a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MTD shares. Evercore ISI raised their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 1st. Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and upped their price objective for the company from $1,200.00 to $1,300.00 in a report on Wednesday. Wells Fargo & Company lowered their price target on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Stifel Nicolaus cut their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. Finally, Wolfe Research began coverage on shares of Mettler-Toledo International in a report on Friday. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and an average target price of $1,351.25.

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.