Mettler-Toledo International, Inc. $MTD Stock: Russell Investments Group Ltd. Raises Holdings

Russell Investments Group Ltd. increased its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 6.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,556 shares of the medical instruments supplier’s stock after purchasing an additional 8,442 shares during the period. Russell Investments Group Ltd. owned 0.65% of Mettler-Toledo International worth $197,385,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC raised its position in shares of Mettler-Toledo International by 3.4% during the 3rd quarter. Tortoise Investment Management LLC now owns 212 shares of the medical instruments supplier’s stock worth $320,000 after acquiring an additional 7 shares in the last quarter. Eurizon Capital SGR S.p.A. boosted its holdings in Mettler-Toledo International by 6.8% in the third quarter. Eurizon Capital SGR S.p.A. now owns 8,705 shares of the medical instruments supplier’s stock valued at $13,161,000 after purchasing an additional 552 shares in the last quarter. Maryland State Retirement & Pension System increased its stake in Mettler-Toledo International by 12.1% in the third quarter. Maryland State Retirement & Pension System now owns 1,201 shares of the medical instruments supplier’s stock valued at $1,815,000 after purchasing an additional 130 shares during the last quarter. Joel Isaacson & Co. LLC increased its stake in Mettler-Toledo International by 4.5% in the third quarter. Joel Isaacson & Co. LLC now owns 209 shares of the medical instruments supplier’s stock valued at $316,000 after purchasing an additional 9 shares during the last quarter. Finally, New York Life Investment Management LLC increased its stake in Mettler-Toledo International by 0.6% in the third quarter. New York Life Investment Management LLC now owns 3,466 shares of the medical instruments supplier’s stock valued at $5,237,000 after purchasing an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Down 0.9%

NYSE:MTD opened at $1,732.77 on Friday. The company has a market capitalization of $34.46 billion, a PE ratio of 37.55, a P/E/G ratio of 3.49 and a beta of 1.16. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,806.58. The stock’s 50 day moving average price is $1,553.65 and its 200 day moving average price is $1,352.36. The company has a quick ratio of 0.75, a current ratio of 1.10 and a debt-to-equity ratio of 25.28.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 5th. The medical instruments supplier reported $12.57 earnings per share for the quarter, beating analysts’ consensus estimates of $12.13 by $0.44. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Mettler-Toledo International had a return on equity of 15,012.71% and a net margin of 22.25%. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $11.15 earnings per share. On average, research analysts anticipate that Mettler-Toledo International, Inc. will post 47.83 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Gerry Keller sold 435 shares of the company’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $1,734.05, for a total value of $754,311.75. Following the completion of the sale, the insider owned 259 shares in the company, valued at $449,118.95. This represents a 62.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick Kaltenbach sold 942 shares of the stock in a transaction on 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 sale, the chief executive officer owned 4,480 shares of the company’s stock, valued at approximately $6,384,000. This represents a 17.37% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.71% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Robert W. Baird raised their price objective on shares of Mettler-Toledo International from $1,608.00 to $1,815.00 and gave the stock a “neutral” rating in a report on Monday. Morgan Stanley upped their target price on shares of Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the company an “equal weight” rating in a report on Tuesday, October 13th. Jefferies Financial Group increased their target price on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research report on Friday, July 31st. JPMorgan Chase & Co. increased their target price on shares of Mettler-Toledo International from $1,550.00 to $1,725.00 and gave the company a “neutral” rating in a research report on Monday. Finally, Royal Bank Of Canada began coverage on shares of Mettler-Toledo International in a research note on Tuesday, September 1st. They set a “sector perform” rating and a $1,515.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1,595.77.

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.