International Assets Investment Management LLC Increases Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

International Assets Investment Management LLC lifted its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 149,870.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,982 shares of the medical instruments supplier's stock after purchasing an additional 89,922 shares during the period. International Assets Investment Management LLC owned about 0.42% of Mettler-Toledo International worth $134,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Park Avenue Securities LLC raised its position in Mettler-Toledo International by 14.6% during the first quarter. Park Avenue Securities LLC now owns 439 shares of the medical instruments supplier's stock worth $584,000 after acquiring an additional 56 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Mettler-Toledo International by 16.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,144 shares of the medical instruments supplier's stock worth $1,523,000 after buying an additional 165 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Mettler-Toledo International by 24.2% during the first quarter. Diversified Trust Co now owns 4,080 shares of the medical instruments supplier's stock worth $5,432,000 after buying an additional 794 shares in the last quarter. Congress Wealth Management LLC DE grew its holdings in shares of Mettler-Toledo International by 5.4% during the first quarter. Congress Wealth Management LLC DE now owns 10,484 shares of the medical instruments supplier's stock worth $13,959,000 after buying an additional 538 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Mettler-Toledo International by 0.7% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 51,994 shares of the medical instruments supplier's stock worth $69,219,000 after buying an additional 357 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MTD. JPMorgan Chase & Co. upped their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a "neutral" rating in a report on Monday, August 5th. The Goldman Sachs Group upped their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a "neutral" rating in a report on Tuesday, July 9th. Stifel Nicolaus upped their price objective on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a "buy" rating in a report on Monday, August 5th. Evercore ISI upped their price objective 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. Finally, Wells Fargo & Company began coverage on shares of Mettler-Toledo International in a report on Tuesday, August 27th. They issued an "equal weight" rating and a $1,400.00 price objective for the company. Two 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. According to data from MarketBeat, Mettler-Toledo International has a consensus rating of "Hold" and a consensus price target of $1,363.75.

Insider Transactions at Mettler-Toledo International

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

Mettler-Toledo International Stock Down 0.0 %

MTD stock traded down $0.61 during mid-day trading on Friday, hitting $1,292.77. 91,528 shares of the company were exchanged, compared to its average volume of 132,770. The firm has a market capitalization of $27.43 billion, a P/E ratio of 35.57, a PEG ratio of 3.95 and a beta of 1.14. The business has a fifty day simple moving average of $1,416.02 and a 200-day simple moving average of $1,393.79. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, topping the consensus estimate of $9.00 by $0.65. The company had revenue of $946.75 million during the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. Mettler-Toledo International's revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $10.19 earnings per share. Research analysts predict that Mettler-Toledo International Inc. will post 40.34 EPS for the current year.

About Mettler-Toledo International

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.