Sanctuary Advisors LLC Buys Shares of 358 Mettler-Toledo International Inc. (NYSE:MTD)

Sanctuary Advisors LLC bought a new position in Mettler-Toledo International Inc. (NYSE:MTD) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 358 shares of the medical instruments supplier’s stock, valued at approximately $500,000.

Several other large investors also recently added to or reduced their stakes in MTD. Quarry LP bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $36,000. Wellington Management Group LLP boosted its position in shares of Mettler-Toledo International by 12.6% in the fourth quarter. Wellington Management Group LLP now owns 120,531 shares of the medical instruments supplier’s stock valued at $146,199,000 after acquiring an additional 13,495 shares during the period. HighPoint Advisor Group LLC purchased a new position in Mettler-Toledo International during the fourth quarter valued at approximately $275,000. Nomura Holdings Inc. bought a new stake in Mettler-Toledo International during the 4th quarter worth approximately $536,000. Finally, Advance Capital Management Inc. purchased a new stake in Mettler-Toledo International in the 1st quarter worth approximately $212,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

MTD has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their price target on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research report on Monday, August 5th. The Goldman Sachs Group boosted their target price on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Evercore ISI boosted their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. raised their target price on shares of 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and a consensus price target of $1,363.75.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of the company’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 transaction of $1,422,970.00. Following the transaction, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 734 shares of the company’s stock, valued at $1,044,459.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $6,884,514. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,453.40 on Wednesday. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,546.93. The business has a 50 day moving average price of $1,424.81 and a 200-day moving average price of $1,393.13. The firm has a market cap of $31.04 billion, a PE ratio of 40.76, a price-to-earnings-growth ratio of 4.24 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, beating the consensus estimate of $9.00 by $0.65. The firm 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 quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.19 earnings per share. Research analysts predict that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

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.