Deutsche Bank AG Has $130.51 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Deutsche Bank AG raised its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 106,657 shares of the medical instruments supplier’s stock after buying an additional 1,487 shares during the quarter. Deutsche Bank AG’s holdings in Mettler-Toledo International were worth $130,514,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of MTD. JPMorgan Chase & Co. lifted its position in Mettler-Toledo International by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier’s stock worth $332,634,000 after purchasing an additional 28,478 shares during the period. Allworth Financial LP boosted its position in shares of Mettler-Toledo International by 367.4% during the 4th quarter. Allworth Financial LP now owns 215 shares of the medical instruments supplier’s stock worth $285,000 after acquiring an additional 169 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Mettler-Toledo International by 18.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,370 shares of the medical instruments supplier’s stock valued at $42,058,000 after acquiring an additional 5,234 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Mettler-Toledo International by 773.3% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,336 shares of the medical instruments supplier’s stock valued at $6,530,000 after purchasing an additional 4,725 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its stake in Mettler-Toledo International by 5.8% during the fourth quarter. Impax Asset Management Group plc now owns 198,852 shares of the medical instruments supplier’s stock worth $243,331,000 after purchasing an additional 10,830 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Stock Down 2.0 %

NYSE MTD opened at $1,079.96 on Friday. The company has a market capitalization of $22.44 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93. The stock has a fifty day simple moving average of $1,118.64 and a 200 day simple moving average of $1,222.96.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The company had revenue of $883.74 million during the quarter, compared to the consensus estimate of $876.61 million. During the same period last year, the company earned $8.89 earnings per share. The firm’s revenue was down 4.6% compared to the same quarter last year. Research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Gerry Keller sold 600 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the sale, the insider now owns 6 shares in the company, valued at $8,108.04. This represents a 99.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

MTD has been the topic of several recent analyst reports. StockNews.com lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Jefferies Financial Group raised Mettler-Toledo International from an “underperform” rating to a “hold” rating and lowered their target price for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Robert W. Baird reduced their price target on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Evercore ISI upped their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Finally, Citigroup upgraded 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 report on Monday, April 7th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $1,296.13.

Mettler-Toledo International Company Profile

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.