Mettler-Toledo International Inc. (NYSE:MTD) Shares Purchased by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 10.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 655 shares of the medical instruments supplier’s stock after acquiring an additional 61 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Mettler-Toledo International were worth $915,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. raised its stake in Mettler-Toledo International by 10.3% during the second quarter. Federated Hermes Inc. now owns 7,667 shares of the medical instruments supplier’s stock worth $10,715,000 after purchasing an additional 717 shares during the period. TradeLink Capital LLC purchased a new position in Mettler-Toledo International during the second quarter worth approximately $391,000. Meeder Advisory Services Inc. raised its stake in shares of Mettler-Toledo International by 42.6% in the 2nd quarter. Meeder Advisory Services Inc. now owns 365 shares of the medical instruments supplier’s stock valued at $510,000 after acquiring an additional 109 shares during the period. Ground Swell Capital LLC purchased a new position in shares of Mettler-Toledo International in the 2nd quarter valued at $288,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of Mettler-Toledo International by 29.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,470 shares of the medical instruments supplier’s stock valued at $4,849,000 after acquiring an additional 788 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wells Fargo & Company assumed coverage on shares of Mettler-Toledo International in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 target price on the stock. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Stifel Nicolaus raised 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 report on Monday, August 5th. Evercore ISI raised their price target on shares of 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. Finally, The Goldman Sachs Group raised their price target on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $1,356.25.

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,393.91 on Tuesday. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,546.93. The firm has a fifty day moving average of $1,402.90 and a two-hundred day moving average of $1,372.83. The firm has a market cap of $29.77 billion, a P/E ratio of 39.09, a P/E/G ratio of 3.70 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results 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. 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 negative return on equity of 575.61% and a net margin of 20.95%. Mettler-Toledo International’s quarterly revenue 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, sell-side analysts expect that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

Insider Activity

In other Mettler-Toledo International news, 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 value of $350,250.00. Following the sale, the chief financial officer now owns 4,914 shares in the company, valued at $6,884,514. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated 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 approximately $1,044,459.98. The disclosure for this sale can be found here. Corporate 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.