Capital Group Private Client Services Inc. Raises Position in Mettler-Toledo International Inc. (NYSE:MTD)

Capital Group Private Client Services Inc. boosted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 33.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,232 shares of the medical instruments supplier’s stock after acquiring an additional 1,303 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Mettler-Toledo International were worth $6,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC bought a new position in Mettler-Toledo International during the 1st quarter valued at approximately $25,000. MV Capital Management Inc. lifted 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 worth $25,000 after acquiring an additional 13 shares during the period. CVA Family Office LLC bought a new stake in Mettler-Toledo International in the fourth quarter valued at $27,000. Spartan Planning & Wealth Management purchased a new position in Mettler-Toledo International during the 4th quarter valued at $27,000. Finally, Bellevue Group AG bought a new position in Mettler-Toledo International in the 4th quarter worth $30,000. Institutional investors own 95.07% of the company’s stock.

Insider Activity

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction dated 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 sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $7,160,041.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Thomas P. Salice sold 1,268 shares of Mettler-Toledo International stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the transaction, the director now owns 244 shares in the company, valued at approximately $363,603.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Shawn Vadala sold 300 shares of the 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 sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $7,160,041.98. The disclosure for this sale can be found here. Insiders sold a total of 3,278 shares of company stock valued at $4,871,849 in the last 90 days. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded up $39.08 during midday trading on Friday, hitting $1,450.08. 154,800 shares of the stock traded hands, compared to its average volume of 144,362. The firm has a market capitalization of $30.97 billion, a P/E ratio of 40.66, a PEG ratio of 3.71 and a beta of 1.17. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,535.86. The firm has a 50-day moving average of $1,415.40 and a two-hundred day moving average of $1,315.94.

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

Analysts Set New Price Targets

MTD has been the topic of a number of research analyst reports. Citigroup upped their target price on Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a report on Monday, May 13th. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Evercore ISI boosted 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 report on Tuesday, July 2nd. The Goldman Sachs Group increased their price target on shares of 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. Finally, Jefferies Financial Group reissued an “underperform” rating and set a $1,250.00 price objective (up previously from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,301.25.

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.