TD Asset Management Inc Has $122.29 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

TD Asset Management Inc increased its holdings in Mettler-Toledo International Inc. (NYSE:MTDFree Report) by 142.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 100,820 shares of the medical instruments supplier’s stock after purchasing an additional 59,177 shares during the period. TD Asset Management Inc owned approximately 0.47% of Mettler-Toledo International worth $122,291,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Northern Trust Corp raised its position in Mettler-Toledo International by 1.2% in the third quarter. Northern Trust Corp now owns 279,146 shares of the medical instruments supplier’s stock worth $309,313,000 after purchasing an additional 3,371 shares in the last quarter. Morgan Stanley raised its position in Mettler-Toledo International by 9.6% in the third quarter. Morgan Stanley now owns 267,167 shares of the medical instruments supplier’s stock worth $296,041,000 after purchasing an additional 23,305 shares in the last quarter. Norges Bank acquired a new position in Mettler-Toledo International in the fourth quarter worth about $320,847,000. Principal Financial Group Inc. raised its position in Mettler-Toledo International by 65.4% in the fourth quarter. Principal Financial Group Inc. now owns 241,219 shares of the medical instruments supplier’s stock worth $292,589,000 after purchasing an additional 95,421 shares in the last quarter. Finally, Barclays PLC raised its position in Mettler-Toledo International by 4.1% in the third quarter. Barclays PLC now owns 225,239 shares of the medical instruments supplier’s stock worth $249,580,000 after purchasing an additional 8,933 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MTD. Evercore ISI increased their price target 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 report on Thursday, April 4th. Stifel Nicolaus upped their price objective on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Citigroup increased 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 research note on Monday, May 13th. Finally, Robert W. Baird increased 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 research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,257.14.

Check Out Our Latest Analysis on Mettler-Toledo International

Insiders Place Their Bets

In related news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,510,705.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,510,705.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas P. Salice sold 1,268 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the sale, the director now owns 244 shares in the company, valued at $363,603.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,678 shares of company stock worth $5,383,341. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Down 1.7 %

NYSE MTD traded down $25.35 during trading hours on Wednesday, hitting $1,429.20. The company’s stock had a trading volume of 24,821 shares, compared to its average volume of 141,325. The stock has a fifty day moving average of $1,333.20 and a 200 day moving average of $1,236.72. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,535.86. The firm has a market capitalization of $30.53 billion, a P/E ratio of 40.81, a PEG ratio of 3.97 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTDGet Free Report) last announced its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, beating the consensus estimate of $7.61 by $1.28. The business had revenue of $925.95 million for the quarter, compared to analyst estimates of $879.72 million. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. Mettler-Toledo International’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the business posted $8.69 earnings per share. On average, analysts predict that Mettler-Toledo International Inc. will post 40.12 earnings per share for the current year.

About Mettler-Toledo International

(Free Report)

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.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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