1,353 Shares in Mettler-Toledo International, Inc. $MTD Purchased by Commerce Bank

Commerce Bank bought a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,353 shares of the medical instruments supplier’s stock, valued at approximately $1,728,000.

A number of other large investors also recently added to or reduced their stakes in the business. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Mettler-Toledo International during the first quarter worth $26,372,000. Strs Ohio increased its holdings in Mettler-Toledo International by 2,594.8% in the 4th quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier’s stock valued at $18,672,000 after acquiring an additional 12,896 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in Mettler-Toledo International by 34.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock valued at $5,786,000 after acquiring an additional 1,060 shares during the last quarter. SEB Asset Management AB purchased a new stake in Mettler-Toledo International in the 1st quarter worth $15,889,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Mettler-Toledo International by 377.3% during the 1st quarter. Fifth Third Bancorp now owns 4,181 shares of the medical instruments supplier’s stock valued at $5,272,000 after purchasing an additional 3,305 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 2,240 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total value of $3,207,680.00. Following the sale, the chief financial officer directly owned 5,579 shares of the company’s stock, valued at $7,989,128. This represents a 28.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gerry Keller sold 240 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the completion of the sale, the insider directly owned 259 shares of the company’s stock, valued at approximately $369,629.26. The trade was a 48.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,312 shares of company stock worth $4,750,362. 0.71% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MTD. Wolfe Research started coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating for the company. Citigroup decreased their target price on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Morgan Stanley raised their price target on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. reduced their price objective on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Finally, Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $1,461.27.

Mettler-Toledo International Stock Up 0.3%

Shares of NYSE:MTD opened at $1,402.64 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,525.17. The company has a 50-day moving average price of $1,329.55 and a 200 day moving average price of $1,273.83. The company has a market cap of $28.11 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 2.88 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, topping the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the business posted $10.09 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. As a group, equities research analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.