Brooklyn Investment Group Acquires New Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Brooklyn Investment Group acquired a new stake in Mettler-Toledo International Inc. (NYSE:MTD) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 79 shares of the medical instruments supplier’s stock, valued at approximately $118,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MTD. Family Firm Inc. acquired a new stake in Mettler-Toledo International during the 2nd quarter worth about $25,000. Blue Trust Inc. grew its holdings in Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after acquiring an additional 17 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Mettler-Toledo International during the 3rd quarter worth about $37,000. Rothschild Investment LLC acquired a new stake in Mettler-Toledo International during the 2nd quarter worth about $42,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Mettler-Toledo International during the 2nd quarter worth about $42,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD opened at $1,243.75 on Thursday. Mettler-Toledo International Inc. has a fifty-two week low of $1,059.08 and a fifty-two week high of $1,546.93. The stock has a market cap of $26.24 billion, a price-to-earnings ratio of 33.53, a PEG ratio of 4.04 and a beta of 1.16. The firm’s 50-day simple moving average is $1,352.26 and its 200 day simple moving average is $1,396.49.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating the consensus estimate of $10.00 by $0.21. The firm had revenue of $954.54 million during the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. On average, sell-side analysts predict that Mettler-Toledo International Inc. will post 40.39 EPS for the current year.

Analysts Set New Price Targets

MTD has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. Wells Fargo & Company cut their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Evercore ISI increased their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 1st. Robert W. Baird cut their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $1,338.75.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the completion of the sale, the director now owns 240 shares in the company, valued at approximately $314,820. This trade represents a 24.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.