Credit Suisse AG Increases Position in Mettler-Toledo International Inc. (MTD)

Credit Suisse AG grew its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 22.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 303,768 shares of the medical instruments supplier’s stock after purchasing an additional 55,979 shares during the period. Credit Suisse AG owned approximately 1.20% of Mettler-Toledo International worth $184,990,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Keybank National Association OH lifted its stake in shares of Mettler-Toledo International by 5.1% during the 3rd quarter. Keybank National Association OH now owns 1,746 shares of the medical instruments supplier’s stock worth $1,063,000 after acquiring an additional 85 shares during the last quarter. Boston Common Asset Management LLC lifted its stake in shares of Mettler-Toledo International by 8.9% during the 2nd quarter. Boston Common Asset Management LLC now owns 1,194 shares of the medical instruments supplier’s stock worth $691,000 after acquiring an additional 98 shares during the last quarter. Aureus Asset Management LLC lifted its stake in shares of Mettler-Toledo International by 15.7% during the 2nd quarter. Aureus Asset Management LLC now owns 752 shares of the medical instruments supplier’s stock worth $435,000 after acquiring an additional 102 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Mettler-Toledo International by 143.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 180 shares of the medical instruments supplier’s stock worth $110,000 after acquiring an additional 106 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Mettler-Toledo International by 306.7% during the 2nd quarter. Captrust Financial Advisors now owns 183 shares of the medical instruments supplier’s stock worth $106,000 after acquiring an additional 138 shares during the last quarter. 93.64% of the stock is owned by institutional investors and hedge funds.

In other news, insider William P. Donnelly sold 1,000 shares of Mettler-Toledo International stock in a transaction on Monday, August 27th. The stock was sold at an average price of $571.50, for a total value of $571,500.00. Following the transaction, the insider now directly owns 2,000 shares in the company, valued at approximately $1,143,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William P. Donnelly sold 2,000 shares of Mettler-Toledo International stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $579.08, for a total value of $1,158,160.00. Following the completion of the transaction, the executive vice president now owns 3,000 shares in the company, valued at $1,737,240. The disclosure for this sale can be found here. Insiders have sold a total of 19,907 shares of company stock worth $11,730,084 over the last 90 days. 4.80% of the stock is currently owned by company insiders.

A number of equities research analysts recently issued reports on MTD shares. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. ValuEngine raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Morgan Stanley raised their price target on Mettler-Toledo International from $529.00 to $572.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 10th. UBS Group started coverage on Mettler-Toledo International in a research note on Tuesday, October 9th. They set a “neutral” rating and a $625.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on Mettler-Toledo International from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $624.00.

MTD opened at $591.21 on Friday. The firm has a market cap of $14.81 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 2.29 and a beta of 1.15. Mettler-Toledo International Inc. has a 52 week low of $521.79 and a 52 week high of $697.26. The company has a current ratio of 1.39, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 8th. The medical instruments supplier reported $5.12 EPS for the quarter, topping the consensus estimate of $4.99 by $0.13. The company had revenue of $734.85 million for the quarter, compared to the consensus estimate of $738.23 million. Mettler-Toledo International had a return on equity of 93.15% and a net margin of 14.10%. Mettler-Toledo International’s quarterly revenue was up 5.2% on a year-over-year basis. During the same period last year, the business posted $4.36 EPS. On average, equities research analysts forecast that Mettler-Toledo International Inc. will post 20.23 EPS for the current fiscal year.

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Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.

Further Reading: Cash Flow Analysis in Stock Selection

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

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