Mediolanum International Funds Ltd Has $5.33 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Mediolanum International Funds Ltd lifted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 137.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,611 shares of the medical instruments supplier's stock after buying an additional 2,092 shares during the period. Mediolanum International Funds Ltd's holdings in Mettler-Toledo International were worth $5,332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MTD. Daiwa Securities Group Inc. raised its position in shares of Mettler-Toledo International by 36.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,682 shares of the medical instruments supplier's stock worth $3,570,000 after buying an additional 719 shares in the last quarter. Norden Group LLC lifted its position in Mettler-Toledo International by 2,701.7% in the first quarter. Norden Group LLC now owns 6,640 shares of the medical instruments supplier's stock worth $8,840,000 after purchasing an additional 6,403 shares during the period. BNP Paribas Financial Markets boosted its stake in Mettler-Toledo International by 6.2% during the 1st quarter. BNP Paribas Financial Markets now owns 28,128 shares of the medical instruments supplier's stock valued at $37,447,000 after purchasing an additional 1,636 shares in the last quarter. Gateway Investment Advisers LLC acquired a new position in shares of Mettler-Toledo International during the 2nd quarter valued at $685,000. Finally, Diversified Trust Co raised its stake in shares of Mettler-Toledo International by 24.2% in the 1st 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. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Stifel Nicolaus raised their target price on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a "buy" rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. The Goldman Sachs Group boosted 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. StockNews.com upgraded shares of Mettler-Toledo International from a "hold" rating to a "buy" rating in a report on Thursday, July 11th. Finally, Evercore ISI upped their price target on 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. 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $1,363.75.

Insiders Place Their Bets

In other news, insider Christian Magloth sold 1,000 shares of the business's stock in a transaction 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 transaction, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International 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 completion of the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $6,884,514. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christian Magloth sold 1,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the transaction, the insider now 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. Insiders own 1.94% of the company's stock.

Mettler-Toledo International Trading Down 0.0 %

NYSE:MTD traded down $0.61 during trading hours on Friday, hitting $1,292.77. 91,528 shares of the stock traded hands, compared to its average volume of 132,770. The firm has a market cap of $27.61 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 3.95 and a beta of 1.14. The firm has a 50 day moving average price of $1,416.02 and a 200 day moving average price of $1,394.19. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,546.93.

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