North Point Portfolio Managers Corp OH Raises Position in Mettler-Toledo International, Inc. (NYSE:MTD)

North Point Portfolio Managers Corp OH raised its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 1.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,277 shares of the medical instruments supplier’s stock after acquiring an additional 97 shares during the quarter. Mettler-Toledo International makes up 1.9% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 29th largest holding. North Point Portfolio Managers Corp OH’s holdings in Mettler-Toledo International were worth $10,955,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $33,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $44,000. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $54,000. Menard Financial Group LLC bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $67,000. Finally, Blue Trust Inc. raised its position in shares of Mettler-Toledo International by 520.0% during the 1st quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier’s stock valued at $73,000 after purchasing an additional 52 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Insider Transactions at Mettler-Toledo International

In other news, Director Michael A. Kelly sold 1,062 shares of the business’s stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the sale, the director now directly owns 120 shares in the company, valued at $139,191.60. The trade was a 89.85% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD opened at $1,154.80 on Friday. The company has a market cap of $24.00 billion, a P/E ratio of 28.80, a P/E/G ratio of 3.42 and a beta of 1.38. The firm’s fifty day moving average is $1,118.58 and its two-hundred day moving average is $1,200.54. Mettler-Toledo International, Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a net margin of 22.17% and a negative return on equity of 556.22%. The company had revenue of $883.74 million for the quarter, compared to the consensus estimate of $876.61 million. During the same period in the previous year, the firm posted $8.89 EPS. Mettler-Toledo International’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on MTD shares. Wall Street Zen downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Citigroup upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price objective on the stock in a research report on Monday, April 7th. Robert W. Baird decreased their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company lifted their price target on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Finally, UBS Group upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and reduced their price target for the company from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1,302.11.

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.