Park Avenue Securities LLC Grows Position in Mettler-Toledo International Inc. (NYSE:MTD)

Park Avenue Securities LLC increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 14.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 439 shares of the medical instruments supplier’s stock after purchasing an additional 56 shares during the period. Park Avenue Securities LLC’s holdings in Mettler-Toledo International were worth $584,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in Mettler-Toledo International during the 1st quarter valued at about $25,000. MV Capital Management Inc. lifted its holdings in Mettler-Toledo International by 162.5% during the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after buying an additional 13 shares in the last quarter. CVA Family Office LLC bought a new stake in Mettler-Toledo International during the 4th quarter valued at about $27,000. Spartan Planning & Wealth Management bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at about $27,000. Finally, Bellevue Group AG bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at about $30,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Performance

NYSE MTD opened at $1,397.59 on Friday. The firm has a 50 day simple moving average of $1,399.77 and a 200-day simple moving average of $1,292.08. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,535.86. The firm has a market cap of $29.85 billion, a price-to-earnings ratio of 39.19, a PEG ratio of 3.83 and a beta of 1.20.

Mettler-Toledo International (NYSE:MTD) last posted 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. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The business had revenue of $925.95 million during the quarter, compared to analyst estimates of $879.72 million. During the same quarter last year, the firm posted $8.69 earnings per share. The business’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts predict that Mettler-Toledo International Inc. will post 40.13 EPS for the current fiscal year.

Insider Activity

In related news, insider Christian Magloth sold 1,100 shares of the firm’s 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 value of $1,618,067.00. Following the sale, the insider now owns 734 shares of the company’s stock, valued at $1,079,691.98. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Christian Magloth sold 1,100 shares of the firm’s 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 value of $1,618,067.00. Following the sale, the insider now owns 734 shares of the company’s stock, valued at $1,079,691.98. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the firm’s 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 approximately $7,160,041.98. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,278 shares of company stock valued at $4,871,849. 1.94% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, April 29th. Robert W. Baird boosted their price target on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a report on Monday, May 13th. Citigroup boosted their price target on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a report on Monday, May 13th. Evercore ISI boosted 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 note on Thursday, April 4th. Finally, Jefferies Financial Group reiterated 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 research note on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and an average target price of $1,256.25.

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.