Assenagon Asset Management S.A. Increases Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Assenagon Asset Management S.A. increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTDFree Report) by 43.4% during the 1st quarter, Holdings Channel reports. The firm owned 55,504 shares of the medical instruments supplier’s stock after purchasing an additional 16,787 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Mettler-Toledo International were worth $65,545,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in shares of Mettler-Toledo International by 14.3% in the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier’s stock worth $78,000 after purchasing an additional 8 shares during the period. Apollon Wealth Management LLC grew its position in Mettler-Toledo International by 2.5% during the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier’s stock worth $451,000 after buying an additional 9 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in Mettler-Toledo International by 3.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier’s stock worth $374,000 after buying an additional 9 shares in the last quarter. Atlantic Union Bankshares Corp increased its stake in Mettler-Toledo International by 0.5% in the 4th quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier’s stock worth $2,549,000 after acquiring an additional 10 shares during the last quarter. Finally, Congress Asset Management Co. increased its stake in Mettler-Toledo International by 1.8% in the 1st quarter. Congress Asset Management Co. now owns 667 shares of the medical instruments supplier’s stock worth $788,000 after acquiring an additional 12 shares during the last quarter. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Stock Performance

MTD stock opened at $1,192.00 on Thursday. The company has a market capitalization of $24.77 billion, a PE ratio of 29.41, a price-to-earnings-growth ratio of 3.30 and a beta of 1.38. Mettler-Toledo International Inc. has a one year low of $946.69 and a one year high of $1,546.93. The company’s 50 day moving average price is $1,098.71 and its two-hundred day moving average price is $1,205.01.

Mettler-Toledo International (NYSE:MTDGet Free Report) last issued its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, topping analysts’ consensus estimates of $7.90 by $0.29. The company had revenue of $883.74 million for the quarter, compared to analysts’ expectations of $876.61 million. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The firm’s revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $8.89 EPS. On average, research analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the transaction, the director now directly owns 120 shares of the company’s stock, valued at $139,191.60. The trade was a 89.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.94% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Citigroup raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 target price on the stock in a research note on Monday, April 7th. Robert W. Baird cut their price target on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Jefferies Financial Group raised shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and decreased their price target for the stock from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Finally, UBS Group raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and dropped their price objective for the stock 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1,302.11.

Get Our Latest Analysis on MTD

Mettler-Toledo International Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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