Commerzbank Aktiengesellschaft FI Buys Shares of 446 Mettler-Toledo International Inc. (NYSE:MTD)

Commerzbank Aktiengesellschaft FI purchased a new stake in Mettler-Toledo International Inc. (NYSE:MTD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 446 shares of the medical instruments supplier’s stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTD. Janus Henderson Group PLC lifted its stake in shares of Mettler-Toledo International by 20.2% in the third quarter. Janus Henderson Group PLC now owns 243,920 shares of the medical instruments supplier’s stock valued at $152,732,000 after buying an additional 40,993 shares in the last quarter. Page Arthur B bought a new position in shares of Mettler-Toledo International in the third quarter valued at $848,000. Canada Pension Plan Investment Board lifted its stake in shares of Mettler-Toledo International by 260.3% in the third quarter. Canada Pension Plan Investment Board now owns 45,500 shares of the medical instruments supplier’s stock valued at $28,490,000 after buying an additional 32,873 shares in the last quarter. Koch Industries Inc. lifted its stake in shares of Mettler-Toledo International by 96,281.2% in the second quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock valued at $696,000 after buying an additional 696,113 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Mettler-Toledo International by 6.3% in the third quarter. California Public Employees Retirement System now owns 75,445 shares of the medical instruments supplier’s stock valued at $47,241,000 after buying an additional 4,445 shares in the last quarter. Hedge funds and other institutional investors own 91.79% of the company’s stock.

Several brokerages have recently commented on MTD. Citigroup upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and increased their target price for the company from $685.00 to $692.00 in a report on Friday, February 9th. Jefferies Group restated a “hold” rating and set a $600.00 price objective on shares of Mettler-Toledo International in a report on Friday, October 20th. Barclays began coverage on shares of Mettler-Toledo International in a report on Thursday, January 4th. They set an “equal weight” rating and a $625.00 price objective for the company. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Robert W. Baird lifted their target price on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $651.44.

In other Mettler-Toledo International news, Director Richard D. Francis bought 160 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were purchased at an average price of $627.91 per share, for a total transaction of $100,465.60. Following the acquisition, the director now owns 254 shares in the company, valued at approximately $159,489.14. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $605.20, for a total transaction of $181,560.00. Following the completion of the transaction, the chief financial officer now owns 5,599 shares in the company, valued at approximately $3,388,514.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,659 shares of company stock worth $7,863,070. 5.20% of the stock is owned by insiders.

Shares of Mettler-Toledo International Inc. (NYSE:MTD) traded down $2.34 on Thursday, hitting $622.33. 16,247 shares of the stock were exchanged, compared to its average volume of 169,988. The company has a market cap of $16,020.00, a price-to-earnings ratio of 36.87, a price-to-earnings-growth ratio of 2.54 and a beta of 1.08. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 1.75. Mettler-Toledo International Inc. has a 1 year low of $462.24 and a 1 year high of $697.26.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 EPS for the quarter, topping the consensus estimate of $5.93 by $0.04. Mettler-Toledo International had a net margin of 13.80% and a return on equity of 94.54%. The company had revenue of $778.03 million for the quarter, compared to the consensus estimate of $764.26 million. During the same period in the previous year, the firm earned $5.28 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. equities research analysts forecast that Mettler-Toledo International Inc. will post 20.15 EPS for the current year.

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Mettler-Toledo International Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

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

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