Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd increased its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,813 shares of the medical instruments supplier’s stock after purchasing an additional 8 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Mettler-Toledo International were worth $2,413,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of MTD. MV Capital Management Inc. lifted its holdings in Mettler-Toledo International by 162.5% in the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after purchasing an additional 13 shares during the period. Rise Advisors LLC bought a new stake in Mettler-Toledo International in the first quarter worth about $25,000. CVA Family Office LLC bought a new stake in Mettler-Toledo International in the fourth quarter worth about $27,000. Spartan Planning & Wealth Management bought a new stake in Mettler-Toledo International in the fourth quarter worth about $27,000. Finally, Bellevue Group AG bought a new stake in Mettler-Toledo International in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MTD shares. Stifel Nicolaus boosted their price objective on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Evercore ISI boosted their price objective on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Citigroup boosted their price objective on Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” 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 Monday, April 29th. Finally, Jefferies Financial Group restated an “underperform” rating and set a $1,250.00 price objective (up previously from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,256.25.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD opened at $1,463.48 on Friday. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,535.86. The firm has a market cap of $31.26 billion, a PE ratio of 41.04, a price-to-earnings-growth ratio of 3.91 and a beta of 1.20. The business has a fifty day moving average of $1,378.56 and a 200-day moving average of $1,282.13.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, topping analysts’ consensus estimates 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 company’s revenue was down .3% on a year-over-year basis. During the same period last year, the company earned $8.69 earnings per share. On average, analysts anticipate that Mettler-Toledo International Inc. will post 40.13 EPS for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $7,160,041.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Thomas P. Salice sold 1,268 shares of the company’s stock in a transaction on 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 completion of the sale, the director now directly owns 244 shares in the company, valued at approximately $363,603.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $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 90 days. Corporate insiders own 1.94% of the company’s stock.

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.