Jade Capital Advisors LLC Invests $1.50 Million in Mettler-Toledo International Inc. (NYSE:MTD)

Jade Capital Advisors LLC purchased a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,000 shares of the medical instruments supplier's stock, valued at approximately $1,500,000.

A number of other institutional investors also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in Mettler-Toledo International by 8.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 95 shares of the medical instruments supplier's stock worth $117,000 after buying an additional 7 shares during the period. UMB Bank n.a. lifted its stake in Mettler-Toledo International by 6.6% in the second quarter. UMB Bank n.a. now owns 113 shares of the medical instruments supplier's stock worth $158,000 after acquiring an additional 7 shares during the period. Bellevue Group AG grew its holdings in Mettler-Toledo International by 32.0% during the 1st quarter. Bellevue Group AG now owns 33 shares of the medical instruments supplier's stock worth $44,000 after acquiring an additional 8 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in Mettler-Toledo International by 7.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 119 shares of the medical instruments supplier's stock valued at $166,000 after purchasing an additional 8 shares during the period. Finally, Wealthspire Advisors LLC raised its holdings in shares of Mettler-Toledo International by 1.2% in the 1st quarter. Wealthspire Advisors LLC now owns 757 shares of the medical instruments supplier's stock valued at $1,008,000 after purchasing an additional 9 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MTD. Stifel Nicolaus boosted their price objective on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a "buy" rating in a research note on Monday, August 5th. StockNews.com upgraded shares of Mettler-Toledo International from a "hold" rating to a "buy" rating in a report on Thursday, July 11th. Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a report on Tuesday, October 1st. Wells Fargo & Company initiated coverage on shares of Mettler-Toledo International in a research report on Tuesday, August 27th. They set an "equal weight" rating and a $1,400.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on 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 equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $1,363.75.

Insider Buying and Selling

In other news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the sale, the insider now directly owns 734 shares of the company's stock, valued at $1,044,459.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Christian Magloth sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $6,884,514. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Stock Down 1.0 %

Shares of NYSE:MTD traded down $13.90 during trading on Tuesday, hitting $1,351.78. 123,553 shares of the stock traded hands, compared to its average volume of 132,899. The company has a fifty day moving average price of $1,422.99 and a two-hundred day moving average price of $1,395.10. Mettler-Toledo International Inc. has a 52-week low of $928.49 and a 52-week high of $1,546.93. The company has a market cap of $28.87 billion, a price-to-earnings ratio of 37.91, a P/E/G ratio of 4.24 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, beating the consensus estimate of $9.00 by $0.65. The firm had revenue of $946.75 million during the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. Mettler-Toledo International's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.19 EPS. On average, equities research analysts predict that Mettler-Toledo International Inc. will post 40.35 EPS for the current fiscal year.

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.