Mettler-Toledo International, Inc. $MTD Position Increased by Aberdeen Group plc

Aberdeen Group plc boosted its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 1,214.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 245,978 shares of the medical instruments supplier’s stock after purchasing an additional 227,268 shares during the period. Aberdeen Group plc’s holdings in Mettler-Toledo International were worth $371,660,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. XXEC Inc. acquired a new position in Mettler-Toledo International in the 2nd quarter valued at about $77,044,000. BlackRock Inc. acquired a new stake in Mettler-Toledo International during the 2nd quarter worth approximately $2,404,713,000. Bank of New York Mellon Corp acquired a new stake in Mettler-Toledo International during the 2nd quarter worth approximately $762,553,000. Wellington Management Group LLP increased its holdings in shares of Mettler-Toledo International by 908.6% in the second quarter. Wellington Management Group LLP now owns 459,064 shares of the medical instruments supplier’s stock valued at $586,459,000 after purchasing an additional 413,547 shares during the period. Finally, Bank of America Corp DE purchased a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $240,817,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Gerry Keller sold 435 shares of the business’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $1,734.05, for a total value of $754,311.75. Following the completion of the transaction, the insider directly owned 259 shares in the company, valued at approximately $449,118.95. The trade was a 62.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick Kaltenbach sold 942 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the transaction, the chief executive officer owned 4,480 shares in the company, valued at approximately $6,384,000. The trade was a 17.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MTD shares. Royal Bank Of Canada started coverage on Mettler-Toledo International in a report on Tuesday, September 1st. They set a “sector perform” rating and a $1,515.00 price target for the company. Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 19th. Wall Street Zen upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Saturday. Morgan Stanley raised their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 13th. Finally, Rothschild & Co Redburn initiated coverage on Mettler-Toledo International in a report on Wednesday, September 2nd. They issued a “sell” rating and a $1,200.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,595.77.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,738.26 on Friday. The business’s 50 day simple moving average is $1,561.27 and its 200-day simple moving average is $1,353.93. The firm has a market capitalization of $34.57 billion, a price-to-earnings ratio of 37.67, a price-to-earnings-growth ratio of 3.45 and a beta of 1.16. The company has a debt-to-equity ratio of 25.28, a current ratio of 1.10 and a quick ratio of 0.75. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,806.58.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 5th. The medical instruments supplier reported $12.57 earnings per share for the quarter, beating the consensus estimate of $12.13 by $0.44. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Mettler-Toledo International had a return on equity of 15,012.71% and a net margin of 22.25%. Mettler-Toledo International’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the business posted $11.15 EPS. As a group, equities analysts forecast that Mettler-Toledo International, Inc. will post 47.83 earnings per share for the current fiscal year.

Mettler-Toledo International Company Profile

Mettler-Toledo International develops and manufactures precision instruments and systems used in laboratory, industrial, and retail settings. Its products include laboratory balances and analytical instruments, industrial scales and weighing systems, and equipment for measuring and monitoring production processes. The company also supplies product-inspection systems, including checkweighers, metal detectors, and X-ray inspection equipment, along with related software, installation, maintenance, and calibration services.