Oddo BHF Asset Management Sas Buys Shares of 776 Mettler-Toledo International Inc. (NYSE:MTD)

Oddo BHF Asset Management Sas purchased a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 776 shares of the medical instruments supplier's stock, valued at approximately $1,164,000.

Other large investors have also recently made changes to their positions in the company. Family Firm Inc. bought a new position in Mettler-Toledo International in the second quarter valued at about $25,000. Blue Trust Inc. increased its position in shares of Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock valued at $34,000 after purchasing an additional 17 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Mettler-Toledo International in the 3rd quarter worth approximately $37,000. Rothschild Investment LLC bought a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $42,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Mettler-Toledo International in the second quarter worth approximately $42,000. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Stock Up 0.0 %

NYSE MTD traded up $0.06 during trading hours on Friday, reaching $1,276.98. The company's stock had a trading volume of 118,953 shares, compared to its average volume of 135,506. Mettler-Toledo International Inc. has a 1 year low of $1,115.64 and a 1 year high of $1,546.93. The company has a market capitalization of $26.95 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 4.19 and a beta of 1.13. The firm's 50-day moving average price is $1,305.85 and its 200-day moving average price is $1,377.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping the consensus estimate of $10.00 by $0.21. The firm had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. Equities research analysts anticipate that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Insider Activity

In related news, Director Elisha W. Finney sold 76 shares of the firm's stock in a transaction on 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 transaction, the director now directly owns 240 shares of the company's stock, valued at approximately $314,820. This trade represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 140 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the sale, the insider now owns 6 shares in the company, valued at $7,524.54. This represents a 95.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MTD shares. Wolfe Research started coverage on shares of Mettler-Toledo International in a research report on Friday. They issued a "peer perform" rating on the stock. Stifel Nicolaus decreased their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a report on Monday, November 11th. Robert W. Baird cut their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating for the company in a report on Monday, November 11th. Evercore ISI upped their price target on 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. Finally, Citigroup raised Mettler-Toledo International from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $1,200.00 to $1,300.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $1,351.25.

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.