Decatur Capital Management Inc. Has $1.50 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Decatur Capital Management Inc. grew its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,074 shares of the medical instruments supplier’s stock after buying an additional 27 shares during the quarter. Decatur Capital Management Inc.’s holdings in Mettler-Toledo International were worth $1,501,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in MTD. Assetmark Inc. raised its stake in shares of Mettler-Toledo International by 21.0% in the fourth quarter. Assetmark Inc. now owns 282 shares of the medical instruments supplier’s stock worth $342,000 after acquiring an additional 49 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in Mettler-Toledo International by 32.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 676 shares of the medical instruments supplier’s stock worth $789,000 after buying an additional 166 shares in the last quarter. Artisan Partners Limited Partnership bought a new position in Mettler-Toledo International in the 4th quarter valued at $38,991,000. TD Asset Management Inc increased its stake in shares of Mettler-Toledo International by 142.1% in the 4th quarter. TD Asset Management Inc now owns 100,820 shares of the medical instruments supplier’s stock valued at $122,291,000 after buying an additional 59,177 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in shares of Mettler-Toledo International by 0.8% during the fourth quarter. Treasurer of the State of North Carolina now owns 10,243 shares of the medical instruments supplier’s stock worth $12,424,000 after acquiring an additional 82 shares during the last quarter. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,420.36 on Thursday. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,546.93. The firm has a market cap of $30.33 billion, a P/E ratio of 39.83, a P/E/G ratio of 3.75 and a beta of 1.14. The stock’s 50-day moving average is $1,410.80 and its 200-day moving average is $1,377.48.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the company earned $10.19 EPS. Equities analysts anticipate that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Evercore ISI upped their target price 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. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. The Goldman Sachs Group upped their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Stifel Nicolaus raised their price target on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. upped their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,356.25.

Insiders Place Their Bets

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

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.