Azzad Asset Management Inc. ADV Grows Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Azzad Asset Management Inc. ADV raised its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 1.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,165 shares of the medical instruments supplier’s stock after buying an additional 39 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Mettler-Toledo International were worth $4,213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MTD. MV Capital Management Inc. raised its stake in Mettler-Toledo International by 162.5% in the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after buying an additional 13 shares in the last quarter. Rise Advisors LLC acquired a new stake in Mettler-Toledo International in the first quarter valued at $25,000. CVA Family Office LLC acquired a new stake in Mettler-Toledo International in the fourth quarter valued at $27,000. Spartan Planning & Wealth Management acquired a new stake in Mettler-Toledo International in the fourth quarter valued at $27,000. Finally, Bellevue Group AG acquired a new stake in Mettler-Toledo International in the fourth quarter valued at $30,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MTD. Citigroup lifted their target price on Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research report on Monday, May 13th. Stifel Nicolaus lifted their target price on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Evercore ISI lifted their target price on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a research report on Tuesday. Robert W. Baird lifted their target price on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Jefferies Financial Group reiterated an “underperform” rating and set a $1,250.00 target price (up previously from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $1,267.50.

Mettler-Toledo International Trading Down 0.4 %

Shares of NYSE:MTD traded down $5.01 during trading on Wednesday, hitting $1,352.06. 20,806 shares of the stock were exchanged, compared to its average volume of 145,607. The company has a fifty day moving average price of $1,403.12 and a two-hundred day moving average price of $1,295.18. The company has a market cap of $28.88 billion, a PE ratio of 38.06, a P/E/G ratio of 3.75 and a beta of 1.17. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,535.86.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, topping the consensus estimate of $7.61 by $1.28. The business had revenue of $925.95 million for the quarter, compared to analyst estimates of $879.72 million. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.69 EPS. Equities research analysts anticipate that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $7,160,041.98. 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 300 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total value of $437,121.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $7,160,041.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christian Magloth sold 1,100 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total value of $1,618,067.00. Following the completion of the transaction, the insider now owns 734 shares of the company’s stock, valued at $1,079,691.98. The disclosure for this sale can be found here. Insiders sold 3,278 shares of company stock worth $4,871,849 in the last ninety days. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Company 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.