Empirical Finance LLC Increases Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Empirical Finance LLC lifted its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 822 shares of the medical instruments supplier’s stock after purchasing an additional 29 shares during the quarter. Empirical Finance LLC’s holdings in Mettler-Toledo International were worth $1,094,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital International Investors boosted its holdings in shares of Mettler-Toledo International by 3.0% in the 4th quarter. Capital International Investors now owns 933,989 shares of the medical instruments supplier’s stock worth $1,132,891,000 after purchasing an additional 27,386 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Mettler-Toledo International by 169.4% in the 1st quarter. Bank of New York Mellon Corp now owns 573,702 shares of the medical instruments supplier’s stock worth $763,764,000 after purchasing an additional 360,786 shares during the period. Norges Bank purchased a new position in Mettler-Toledo International during the 4th quarter valued at $320,847,000. Principal Financial Group Inc. boosted its holdings in 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 valued at $330,169,000 after acquiring an additional 6,788 shares during the period. Finally, PineStone Asset Management Inc. boosted its holdings in Mettler-Toledo International by 29.4% during 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 acquiring an additional 44,847 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling

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 sale, the chief financial officer now owns 4,914 shares in the company, valued at approximately $7,160,041.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,268 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the sale, the director now owns 244 shares in the company, valued at approximately $363,603.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total value of $437,121.00. Following the sale, the chief financial officer now owns 4,914 shares in the company, valued at approximately $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 worth $4,871,849 in the last ninety days. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Trading Up 0.1 %

Shares of MTD traded up $1.03 during trading hours on Friday, hitting $1,359.21. The company had a trading volume of 104,970 shares, compared to its average volume of 145,320. The company has a market capitalization of $29.03 billion, a PE ratio of 38.51, a price-to-earnings-growth ratio of 3.55 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 $1,418.97 and its two-hundred day moving average price is $1,301.79.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on MTD shares. Citigroup boosted their price objective on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a report on Monday, May 13th. 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 report on Monday, May 13th. 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 report on Monday, May 13th. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday. Finally, 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 report on Tuesday, July 2nd. Two research 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target 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.