Public Sector Pension Investment Board Raises Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Public Sector Pension Investment Board increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 65.0% during the second quarter, HoldingsChannel.com reports. The fund owned 815 shares of the medical instruments supplier’s stock after acquiring an additional 321 shares during the period. Public Sector Pension Investment Board’s holdings in Mettler-Toledo International were worth $1,139,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Rise Advisors LLC purchased a new position in shares of Mettler-Toledo International during the 1st quarter valued at $25,000. Family Firm Inc. bought a new stake in Mettler-Toledo International during the second quarter valued at approximately $25,000. Spartan Planning & Wealth Management purchased a new position in Mettler-Toledo International in the 4th quarter worth approximately $27,000. Bellevue Group AG bought a new position in shares of Mettler-Toledo International in the 4th quarter worth $30,000. Finally, Mather Group LLC. purchased a new stake in shares of Mettler-Toledo International during the 1st quarter valued at $32,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 250 shares of the business’s stock in a transaction that occurred 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 directly owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of the firm’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 completion of the sale, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the transaction, 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MTD shares. JPMorgan Chase & Co. raised 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. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Stifel Nicolaus increased their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a report on Monday, August 5th. Evercore ISI boosted their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research note on Tuesday. Finally, The Goldman Sachs Group raised their price target on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Two 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $1,363.75.

Mettler-Toledo International Stock Down 1.5 %

NYSE MTD opened at $1,477.12 on Wednesday. The stock’s 50 day moving average is $1,421.87 and its 200 day moving average is $1,383.46. The firm has a market capitalization of $31.55 billion, a PE ratio of 41.42, a P/E/G ratio of 3.75 and a beta of 1.14. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,546.93.

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

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.