Nissay Asset Management Corp Japan Purchases 1,554 Shares of Mettler-Toledo International, Inc. $MTD

Nissay Asset Management Corp Japan lifted its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 7.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,727 shares of the medical instruments supplier’s stock after purchasing an additional 1,554 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Mettler-Toledo International were worth $30,311,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. XXEC Inc. purchased a new position in shares of Mettler-Toledo International during the 2nd quarter valued at about $77,044,000. BlackRock Inc. purchased a new stake in Mettler-Toledo International in the second quarter worth approximately $2,404,713,000. Bank of New York Mellon Corp bought a new position in Mettler-Toledo International during the second quarter valued at approximately $762,553,000. Wellington Management Group LLP grew its position in Mettler-Toledo International by 908.6% during 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 acquiring an additional 413,547 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Mettler-Toledo International during the fourth quarter worth approximately $520,989,000. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,397.03 on Friday. The company has a 50-day simple moving average of $1,345.25 and a two-hundred day simple moving average of $1,275.03. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78. The firm has a market capitalization of $28.00 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 2.89 and a beta of 1.23. Mettler-Toledo International, Inc. has a one year low of $1,023.05 and a one year high of $1,525.17.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MTD shares. Wolfe Research started coverage on shares of Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Barclays increased their target price on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Wall Street Zen cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Jefferies Financial Group boosted their price target on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Robert W. Baird cut their price target on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and a consensus price target of $1,461.27.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the completion of the transaction, the insider directly owned 259 shares of the company’s stock, valued at $369,629.26. This trade represents a 48.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Thomas P. Salice sold 417 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the sale, the director directly owned 292 shares in the company, valued at $420,599.72. The trade was a 58.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,312 shares of company stock valued at $4,750,362. 0.71% of the stock is currently owned by company insiders.

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.