Mettler-Toledo International Inc. (NYSE:MTD) Shares Purchased by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. boosted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 10.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 89,928 shares of the medical instruments supplier’s stock after acquiring an additional 8,694 shares during the quarter. Epoch Investment Partners Inc. owned about 0.42% of Mettler-Toledo International worth $125,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rise Advisors LLC purchased a new position in Mettler-Toledo International in the 1st quarter valued at $25,000. Family Firm Inc. purchased a new stake in Mettler-Toledo International in the 2nd quarter valued at approximately $25,000. Spartan Planning & Wealth Management acquired a new position in Mettler-Toledo International during the 4th quarter worth approximately $27,000. Bellevue Group AG purchased a new position in shares of Mettler-Toledo International during the 4th quarter worth approximately $30,000. Finally, Mather Group LLC. acquired a new stake in shares of Mettler-Toledo International in the 1st quarter valued at approximately $32,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Wells Fargo & Company assumed coverage on Mettler-Toledo International in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 price objective for the company. Evercore ISI raised their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research note on Tuesday, July 2nd. Stifel Nicolaus upped their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Finally, Jefferies Financial Group restated an “underperform” rating and issued a $1,250.00 price target (up previously from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and an average price target of $1,356.25.

Insider Transactions at Mettler-Toledo International

In related news, insider Christian Magloth sold 1,000 shares of the company’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 transaction, the insider now owns 734 shares of the company’s stock, valued at $1,044,459.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Christian Magloth sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was 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 disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD opened at $1,406.11 on Friday. The business’s fifty day moving average price is $1,408.63 and its two-hundred day moving average price is $1,375.76. The stock has a market cap of $30.03 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 3.70 and a beta of 1.14. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, beating analysts’ consensus estimates of $9.00 by $0.65. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The business had revenue of $946.75 million for the quarter, compared to analyst estimates of $929.13 million. During the same quarter last year, the company earned $10.19 earnings per share. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, equities research analysts predict that Mettler-Toledo International Inc. will post 40.35 earnings per share for the current fiscal 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.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.