Bokf Na Purchases 121 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Bokf Na increased its position in Mettler-Toledo International Inc. (NYSE:MTD) by 11.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,155 shares of the medical instruments supplier’s stock after buying an additional 121 shares during the quarter. Bokf Na’s holdings in Mettler-Toledo International were worth $1,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Epoch Investment Partners Inc. lifted its position in Mettler-Toledo International by 40.9% in the 1st quarter. Epoch Investment Partners Inc. now owns 81,234 shares of the medical instruments supplier’s stock worth $108,146,000 after buying an additional 23,593 shares during the last quarter. Capital Research Global Investors lifted its position in Mettler-Toledo International by 40.0% in the 1st quarter. Capital Research Global Investors now owns 14,199 shares of the medical instruments supplier’s stock worth $18,903,000 after buying an additional 4,058 shares during the last quarter. Capital International Sarl lifted its position in Mettler-Toledo International by 52.7% in the 1st quarter. Capital International Sarl now owns 9,225 shares of the medical instruments supplier’s stock worth $12,281,000 after buying an additional 3,182 shares during the last quarter. Toronto Dominion Bank lifted its position in Mettler-Toledo International by 47.9% in the 1st quarter. Toronto Dominion Bank now owns 12,772 shares of the medical instruments supplier’s stock worth $17,003,000 after buying an additional 4,135 shares during the last quarter. Finally, Capital International Ltd. CA lifted its position in Mettler-Toledo International by 59.5% in the first quarter. Capital International Ltd. CA now owns 7,710 shares of the medical instruments supplier’s stock valued at $10,264,000 after purchasing an additional 2,877 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Jefferies Financial Group reiterated an “underperform” rating and issued a $1,250.00 price objective (up previously from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Evercore ISI boosted their price objective 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. Robert W. Baird boosted their price objective on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Finally, Stifel Nicolaus boosted their price objective on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $1,301.25.

Mettler-Toledo International Price Performance

MTD stock traded up $39.08 during midday trading on Friday, hitting $1,450.08. The stock had a trading volume of 175,004 shares, compared to its average volume of 147,305. The firm has a market cap of $30.97 billion, a price-to-earnings ratio of 40.66, a price-to-earnings-growth ratio of 3.89 and a beta of 1.17. The business has a 50-day moving average of $1,415.40 and a two-hundred day moving average of $1,317.16. Mettler-Toledo International Inc. has a 52-week low of $928.49 and a 52-week high of $1,535.86.

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

Insider Buying and Selling

In other news, insider Christian Magloth sold 1,100 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,470.97, for a total value of $1,618,067.00. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at $1,079,691.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Christian Magloth sold 1,100 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,470.97, for a total value of $1,618,067.00. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at $1,079,691.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 directly owns 4,914 shares in the company, valued at $7,160,041.98. The disclosure for this sale can be found here. Insiders have sold a total of 3,278 shares of company stock valued at $4,871,849 over the last ninety days. Company 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.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.