Mather Group LLC. Makes New Investment in Mettler-Toledo International Inc. (NYSE:MTD)

Mather Group LLC. acquired a new stake in Mettler-Toledo International Inc. (NYSE:MTD) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 26 shares of the medical instruments supplier’s stock, valued at approximately $32,000.

A number of other large investors have also recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of Mettler-Toledo International by 16.8% in the first quarter. GAMMA Investing LLC now owns 132 shares of the medical instruments supplier’s stock valued at $176,000 after buying an additional 19 shares in the last quarter. Advance Capital Management Inc. bought a new position in shares of Mettler-Toledo International during the first quarter valued at about $212,000. Nomura Holdings Inc. bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at about $536,000. HighPoint Advisor Group LLC bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at about $275,000. Finally, Walden Wealth Partners LLC bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at about $303,000. 95.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on MTD shares. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Stifel Nicolaus raised their price target on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Robert W. Baird lifted their price objective on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Citigroup lifted their price objective on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research report on Monday, May 13th. Finally, Evercore ISI lifted their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1,256.25.

Mettler-Toledo International Stock Down 0.6 %

MTD opened at $1,453.98 on Tuesday. The company has a market capitalization of $31.06 billion, a price-to-earnings ratio of 40.77, a PEG ratio of 3.93 and a beta of 1.20. The firm has a 50-day moving average price of $1,382.77 and a 200-day moving average price of $1,285.95. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,535.86.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, beating the consensus estimate of $7.61 by $1.28. The company had revenue of $925.95 million during the quarter, compared to analysts’ expectations of $879.72 million. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. Mettler-Toledo International’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.69 earnings per share. On average, sell-side analysts expect that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,160,041.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Mettler-Toledo International news, insider Christian Magloth sold 1,100 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at $1,079,691.98. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 completion of 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 sold a total of 3,278 shares of company stock worth $4,871,849 over the last three months. 1.94% of the stock is owned by insiders.

Mettler-Toledo International 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.