Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC increased its position in Mettler-Toledo International Inc. (NYSE:MTD) by 1.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 757 shares of the medical instruments supplier’s stock after acquiring an additional 9 shares during the period. Bleakley Financial Group LLC’s holdings in Mettler-Toledo International were worth $1,135,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Family Firm Inc. acquired a new position in shares of Mettler-Toledo International in the 2nd quarter valued at $25,000. Mather Group LLC. purchased a new stake in shares of Mettler-Toledo International during the 1st quarter worth about $32,000. Rothschild Investment LLC purchased a new stake in shares of Mettler-Toledo International during the 2nd quarter worth about $42,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Mettler-Toledo International during the 2nd quarter worth about $42,000. Finally, Crewe Advisors LLC raised its stake in shares of Mettler-Toledo International by 244.4% in the 2nd quarter. Crewe Advisors LLC now owns 31 shares of the medical instruments supplier’s stock valued at $43,000 after acquiring an additional 22 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Stock Up 0.7 %

MTD stock opened at $1,373.98 on Monday. The company has a market cap of $29.34 billion, a P/E ratio of 38.53, a PEG ratio of 4.24 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. The business has a fifty day moving average of $1,424.61 and a 200-day moving average of $1,394.17.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MTD. 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 research note on Monday, August 5th. Wells Fargo & Company began coverage on Mettler-Toledo International in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 target price on the stock. Evercore ISI raised 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 report on Tuesday, October 1st. The Goldman Sachs Group raised their target price on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Finally, StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,363.75.

Insider Buying and Selling at Mettler-Toledo International

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 stock was 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 of the company’s stock, valued at approximately $1,044,459.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, 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 transaction of $350,250.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $6,884,514. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christian Magloth sold 1,000 shares of the company’s 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 transaction, the insider now directly owns 734 shares of the company’s stock, valued at $1,044,459.98. This represents a 0.00 % decrease in their ownership of the stock. 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.