Oddo BHF Asset Management Sas Purchases New Shares in Mettler-Toledo International Inc. (NYSE:MTD)

Oddo BHF Asset Management Sas acquired a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 776 shares of the medical instruments supplier’s stock, valued at approximately $1,164,000.

A number of other institutional investors also recently bought and sold shares of MTD. Family Firm Inc. purchased a new position in shares of Mettler-Toledo International during the second quarter worth about $25,000. Blue Trust Inc. increased its holdings in shares of Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after purchasing an additional 17 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of Mettler-Toledo International during the third quarter worth approximately $37,000. Rothschild Investment LLC acquired a new stake in shares of Mettler-Toledo International during the second quarter worth $42,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Mettler-Toledo International in the 2nd quarter valued at $42,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Up 0.0 %

Shares of MTD stock opened at $1,276.98 on Friday. Mettler-Toledo International Inc. has a fifty-two week low of $1,115.64 and a fifty-two week high of $1,546.93. The business has a fifty day simple moving average of $1,305.85 and a 200-day simple moving average of $1,377.40. The stock has a market cap of $26.94 billion, a P/E ratio of 34.43, a P/E/G ratio of 4.19 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The business had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. On average, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now owns 240 shares of the company’s stock, valued at $314,820. This represents a 24.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Gerry Keller sold 140 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the sale, the insider now owns 6 shares in the company, valued at $7,524.54. This trade represents a 95.89 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a report on Tuesday, October 1st. Robert W. Baird lowered their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Stifel Nicolaus cut their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Wells Fargo & Company reduced their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Finally, Wolfe Research started coverage on Mettler-Toledo International in a report on Friday. They set a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus price target of $1,351.25.

About Mettler-Toledo International

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.