30 Shares in Mettler-Toledo International Inc. (NYSE:MTD) Acquired by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. bought a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 30 shares of the medical instruments supplier’s stock, valued at approximately $42,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Rise Advisors LLC bought a new stake in shares of Mettler-Toledo International during the 1st quarter worth $25,000. Family Firm Inc. purchased a new position in Mettler-Toledo International in the 2nd quarter worth about $25,000. Spartan Planning & Wealth Management acquired a new stake in Mettler-Toledo International during the 4th quarter worth about $27,000. Bellevue Group AG purchased a new stake in Mettler-Toledo International during the fourth quarter valued at about $30,000. Finally, Mather Group LLC. acquired a new position in shares of Mettler-Toledo International in the first quarter worth about $32,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

MTD has been the subject of several research analyst reports. 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 research report on Monday, June 3rd. Evercore ISI lifted their price target on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a report on Tuesday, July 2nd. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. lifted their target price on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus increased their price target 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. Two 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’s stock. According to data from MarketBeat.com, Mettler-Toledo International has a consensus rating of “Hold” and an average price target of $1,356.25.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD opened at $1,406.11 on Monday. The business has a 50 day simple moving average of $1,408.63 and a 200 day simple moving average of $1,376.20. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,546.93. The stock has a market cap of $30.03 billion, a price-to-earnings ratio of 39.43, a PEG ratio of 3.70 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, topping the consensus estimate of $9.00 by $0.65. The company had revenue of $946.75 million during the quarter, compared to the consensus estimate of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $10.19 earnings per share. On average, analysts predict that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

Insiders Place Their Bets

In other news, insider Christian Magloth sold 1,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the company’s stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

About Mettler-Toledo International

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.