BI Asset Management Fondsmaeglerselskab A S Buys 219 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

BI Asset Management Fondsmaeglerselskab A S grew its position in Mettler-Toledo International Inc. (NYSE:MTD) by 32.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 900 shares of the medical instruments supplier’s stock after acquiring an additional 219 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Mettler-Toledo International were worth $1,198,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. MV Capital Management Inc. raised its position in Mettler-Toledo International by 162.5% in the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after purchasing an additional 13 shares during the period. Rise Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the first quarter worth approximately $25,000. CVA Family Office LLC bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $27,000. Spartan Planning & Wealth Management bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $27,000. Finally, Bellevue Group AG purchased a new position in Mettler-Toledo International during the 4th quarter valued at $30,000. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 0.3 %

Shares of MTD traded up $4.15 during trading hours on Wednesday, hitting $1,312.15. The company had a trading volume of 17,954 shares, compared to its average volume of 144,955. The company has a market capitalization of $28.03 billion, a PE ratio of 36.68, a price-to-earnings-growth ratio of 3.57 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 company’s fifty day moving average price is $1,415.41 and its two-hundred day moving average price is $1,301.25.

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

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $7,160,041.98. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related 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 transaction of $437,121.00. Following 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 document filed with the SEC, which can be accessed through this link. Also, Director Thomas P. Salice sold 1,268 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the completion of the sale, the director now owns 244 shares of the company’s stock, valued at $363,603.92. The disclosure for this sale can be found here. Insiders sold a total of 3,278 shares of company stock worth $4,871,849 over the last three months. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. 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. StockNews.com cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Robert W. Baird lifted their price target on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Evercore ISI increased 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 note on Tuesday, July 2nd. Finally, The Goldman Sachs Group raised their price objective on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1,301.25.

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.