TRUE Private Wealth Advisors Boosts Stake in Mettler-Toledo International Inc. (NYSE:MTD)

TRUE Private Wealth Advisors increased its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 309 shares of the medical instruments supplier’s stock after acquiring an additional 19 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Mettler-Toledo International were worth $432,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTD. Capital International Investors raised its holdings in Mettler-Toledo International by 15.1% during the first quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier’s stock worth $1,431,696,000 after purchasing an additional 141,431 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Mettler-Toledo International by 169.4% in the first quarter. Bank of New York Mellon Corp now owns 573,702 shares of the medical instruments supplier’s stock valued at $763,764,000 after acquiring an additional 360,786 shares during the period. Norges Bank purchased a new stake in shares of Mettler-Toledo International during the 4th quarter worth $320,847,000. Principal Financial Group Inc. grew its stake in shares of Mettler-Toledo International by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 248,007 shares of the medical instruments supplier’s stock worth $330,169,000 after purchasing an additional 6,788 shares during the period. Finally, PineStone Asset Management Inc. increased its holdings in shares of Mettler-Toledo International by 29.4% in the 4th quarter. PineStone Asset Management Inc. now owns 197,182 shares of the medical instruments supplier’s stock valued at $239,174,000 after purchasing an additional 44,847 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Activity

In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total value of $350,250.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Down 1.3 %

Shares of NYSE MTD traded down $18.68 during trading on Wednesday, hitting $1,401.62. 74,366 shares of the company traded hands, compared to its average volume of 143,984. The company has a 50-day moving average price of $1,408.80 and a 200-day moving average price of $1,337.83. The firm has a market capitalization of $29.93 billion, a P/E ratio of 39.62, a P/E/G ratio of 4.06 and a beta of 1.17. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) 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 590.80%. The firm had revenue of $946.75 million during the quarter, compared to the consensus estimate of $929.13 million. During the same quarter in the prior year, the company earned $10.19 EPS. The company’s revenue was down 3.6% on a year-over-year basis. Research analysts predict that Mettler-Toledo International Inc. will post 40.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MTD has been the subject of a number of research analyst reports. Citigroup increased their target price on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a report on Monday, May 13th. The Goldman Sachs Group increased their price objective on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Robert W. Baird lifted their target price on shares of 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. JPMorgan Chase & Co. increased their price target on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Finally, Evercore ISI lifted their price objective 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, July 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $1,343.75.

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.