Scientech Research LLC Makes New $384,000 Investment in Mettler-Toledo International Inc. (NYSE:MTD)

Scientech Research LLC acquired a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 275 shares of the medical instruments supplier’s stock, valued at approximately $384,000.

Several other institutional investors have also recently made changes to their positions in MTD. Orion Portfolio Solutions LLC increased its holdings in Mettler-Toledo International by 32.5% in the fourth quarter. Orion Portfolio Solutions LLC now owns 676 shares of the medical instruments supplier’s stock valued at $789,000 after buying an additional 166 shares in the last quarter. Scotia Capital Inc. increased its stake in shares of Mettler-Toledo International by 67.6% in the 4th quarter. Scotia Capital Inc. now owns 627 shares of the medical instruments supplier’s stock valued at $761,000 after purchasing an additional 253 shares in the last quarter. California State Teachers Retirement System raised its holdings in Mettler-Toledo International by 2.7% in the 4th quarter. California State Teachers Retirement System now owns 35,645 shares of the medical instruments supplier’s stock worth $43,236,000 after purchasing an additional 943 shares during the period. APG Asset Management US Inc. purchased a new position in Mettler-Toledo International during the fourth quarter worth approximately $5,179,000. Finally, KBC Group NV grew its holdings in Mettler-Toledo International by 314.1% in the fourth quarter. KBC Group NV now owns 56,443 shares of the medical instruments supplier’s stock valued at $68,463,000 after purchasing an additional 42,812 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mettler-Toledo International

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

Mettler-Toledo International Trading Down 0.8 %

MTD stock opened at $1,478.92 on Monday. The company has a market cap of $31.59 billion, a price-to-earnings ratio of 41.47, a PEG ratio of 3.75 and a beta of 1.14. Mettler-Toledo International Inc. has a 12 month low of $928.49 and a 12 month high of $1,546.93. The firm has a 50-day moving average of $1,416.98 and a two-hundred day moving average of $1,380.97.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.00 by $0.65. The business had revenue of $946.75 million during the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The business’s revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $10.19 earnings per share. As a group, equities analysts forecast that Mettler-Toledo International Inc. will post 40.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MTD shares. Evercore ISI increased their target price on 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. JPMorgan Chase & Co. lifted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Stifel Nicolaus boosted their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus price target of $1,356.25.

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.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.