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

Deutsche Bank AG lifted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 1.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 106,657 shares of the medical instruments supplier’s stock after purchasing an additional 1,487 shares during the quarter. Deutsche Bank AG owned about 0.51% of Mettler-Toledo International worth $130,514,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth $8,225,000. Cetera Investment Advisers increased its holdings in Mettler-Toledo International by 8.7% during the 4th quarter. Cetera Investment Advisers now owns 1,075 shares of the medical instruments supplier’s stock worth $1,315,000 after purchasing an additional 86 shares in the last quarter. BlueSpruce Investments LP acquired a new stake in shares of Mettler-Toledo International in the 4th quarter valued at about $514,000. Brevan Howard Capital Management LP lifted its holdings in shares of Mettler-Toledo International by 53.2% in the fourth quarter. Brevan Howard Capital Management LP now owns 2,220 shares of the medical instruments supplier’s stock valued at $2,717,000 after purchasing an additional 771 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Mettler-Toledo International by 11.6% during the fourth quarter. Captrust Financial Advisors now owns 656 shares of the medical instruments supplier’s stock worth $802,000 after buying an additional 68 shares during the period. 95.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Robert W. Baird cut their target price on 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. Jefferies Financial Group raised shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and cut their price objective for the stock from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Citigroup raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 target price for the company in a research report on Monday, April 7th. Evercore ISI boosted their price target 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, StockNews.com cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $1,296.13.

Insider Activity

In related news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 6 shares of the company’s stock, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christian Magloth sold 790 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at approximately $964,248.46. This represents 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.

Mettler-Toledo International Stock Down 2.0 %

Shares of NYSE MTD opened at $1,079.96 on Friday. The business’s 50 day moving average price is $1,118.64 and its two-hundred day moving average price is $1,222.96. The company has a market cap of $22.44 billion, a PE ratio of 26.65, a price-to-earnings-growth 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.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share 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 business had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. During the same period in the previous year, the firm earned $8.89 EPS. The firm’s revenue was down 4.6% compared to the same quarter last year. As a group, research analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

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.