Price T Rowe Associates Inc. MD Grows Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Price T Rowe Associates Inc. MD boosted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 88.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,655 shares of the medical instruments supplier’s stock after buying an additional 57,509 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.57% of Mettler-Toledo International worth $163,290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Gulf International Bank UK Ltd grew its stake in Mettler-Toledo International by 0.4% in the 1st quarter. Gulf International Bank UK Ltd now owns 1,813 shares of the medical instruments supplier’s stock valued at $2,413,000 after buying an additional 8 shares in the last quarter. Wealthspire Advisors LLC boosted its holdings in Mettler-Toledo International by 1.2% in the 1st quarter. Wealthspire Advisors LLC now owns 757 shares of the medical instruments supplier’s stock valued at $1,008,000 after purchasing an additional 9 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in Mettler-Toledo International by 9.9% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 111 shares of the medical instruments supplier’s stock valued at $148,000 after purchasing an additional 10 shares during the period. Clarius Group LLC boosted its holdings in Mettler-Toledo International by 4.4% in the 4th quarter. Clarius Group LLC now owns 263 shares of the medical instruments supplier’s stock valued at $319,000 after purchasing an additional 11 shares during the period. Finally, Conestoga Capital Advisors LLC boosted its holdings in Mettler-Toledo International by 3.5% in the 1st quarter. Conestoga Capital Advisors LLC now owns 325 shares of the medical instruments supplier’s stock valued at $433,000 after purchasing an additional 11 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 1,100 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total value of $1,618,067.00. Following the transaction, the insider now owns 734 shares in the company, valued at $1,079,691.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Christian Magloth sold 1,100 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the transaction, the insider now owns 734 shares in the company, valued at $1,079,691.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas P. Salice sold 1,268 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the transaction, the director now owns 244 shares in the company, valued at approximately $363,603.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,278 shares of company stock worth $4,871,849. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Stock Performance

NYSE:MTD traded down $14.86 during trading hours on Monday, reaching $1,435.22. The company’s stock had a trading volume of 23,134 shares, compared to its average volume of 143,520. The firm has a 50-day simple moving average of $1,415.40 and a 200-day simple moving average of $1,318.15. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,535.86. The firm has a market capitalization of $30.66 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 3.89 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.61 by $1.28. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The firm had revenue of $925.95 million for the quarter, compared to analysts’ expectations of $879.72 million. During the same quarter in the previous year, the company earned $8.69 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts anticipate that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on MTD shares. Citigroup raised 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 report on Monday, May 13th. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Jefferies Financial Group reaffirmed an “underperform” rating and set a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Robert W. Baird lifted their price objective on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Finally, Stifel Nicolaus lifted 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 report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $1,301.25.

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.