Los Angeles Capital Management & Equity Research Inc. Increases Position in Mettler-Toledo International Inc. (NYSE:MTD)

Los Angeles Capital Management & Equity Research Inc. increased its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 0.5% in the 2nd quarter, Holdings Channel reports. The fund owned 105,997 shares of the medical instruments supplier’s stock after buying an additional 500 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Mettler-Toledo International were worth $89,037,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Permanens Capital L.P. purchased a new stake in Mettler-Toledo International during the first quarter valued at about $29,000. MARSHALL WACE ASIA Ltd purchased a new stake in Mettler-Toledo International during the first quarter valued at about $44,000. Northwestern Mutual Wealth Management Co. boosted its position in Mettler-Toledo International by 40.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 76 shares of the medical instruments supplier’s stock valued at $55,000 after buying an additional 22 shares during the period. Financial Gravity Wealth Inc. purchased a new stake in Mettler-Toledo International during the first quarter valued at about $56,000. Finally, Quadrant Capital Group LLC boosted its position in Mettler-Toledo International by 84.3% during the first quarter. Quadrant Capital Group LLC now owns 94 shares of the medical instruments supplier’s stock valued at $65,000 after buying an additional 43 shares during the period. Institutional investors own 95.42% of the company’s stock.

In related news, insider La Guerroniere Marc De sold 4,600 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $730.00, for a total value of $3,358,000.00. Following the completion of the transaction, the insider now directly owns 16,585 shares of the company’s stock, valued at $12,107,050. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Shawn Vadala sold 700 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $721.00, for a total transaction of $504,700.00. Following the completion of the transaction, the chief financial officer now directly owns 5,450 shares of the company’s stock, valued at $3,929,450. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,925 shares of company stock valued at $35,650,928. Insiders own 3.50% of the company’s stock.

Several research firms have issued reports on MTD. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Thursday, May 30th. They set a “peer perform” rating for the company. ValuEngine lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Bank of America restated a “neutral” rating and set a $755.00 price target (up from $725.00) on shares of Mettler-Toledo International in a research report on Tuesday, April 16th. Zacks Investment Research lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating and set a $811.00 price target for the company. in a research report on Friday, June 7th. Finally, Barclays lowered shares of Mettler-Toledo International from an “equal weight” rating to an “underweight” rating and set a $680.00 price target for the company. in a research report on Monday, July 15th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $688.60.

Shares of NYSE:MTD traded down $8.17 during midday trading on Friday, hitting $705.25. 88,433 shares of the stock traded hands, compared to its average volume of 248,591. The stock has a market cap of $17.41 billion, a PE ratio of 34.71, a PEG ratio of 2.27 and a beta of 1.33. The stock’s 50 day simple moving average is $808.49. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.39 and a quick ratio of 0.98. Mettler-Toledo International Inc. has a one year low of $500.74 and a one year high of $873.51.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $5.16 EPS for the quarter, beating the consensus estimate of $5.09 by $0.07. The firm had revenue of $731.00 million during the quarter, compared to the consensus estimate of $736.23 million. Mettler-Toledo International had a net margin of 18.45% and a return on equity of 98.65%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.65 earnings per share. Sell-side analysts expect that Mettler-Toledo International Inc. will post 22.71 earnings per share for the current year.

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; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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

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