Mitsubishi UFJ Asset Management Co. Ltd. Invests $63.50 Million in Mettler-Toledo International, Inc. $MTD

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 49,703 shares of the medical instruments supplier’s stock, valued at approximately $63,496,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.25% of Mettler-Toledo International at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Mettler-Toledo International during the 1st quarter worth about $26,372,000. Crossmark Global Holdings Inc. raised its holdings in Mettler-Toledo International by 34.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock valued at $5,786,000 after acquiring an additional 1,060 shares during the period. Strs Ohio raised its holdings in Mettler-Toledo International by 2,594.8% in the 4th quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier’s stock valued at $18,672,000 after acquiring an additional 12,896 shares during the period. M&T Bank Corp lifted its position in Mettler-Toledo International by 2,813.6% during the fourth quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock worth $173,165,000 after acquiring an additional 119,942 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in Mettler-Toledo International by 377.3% during the first quarter. Fifth Third Bancorp now owns 4,181 shares of the medical instruments supplier’s stock worth $5,272,000 after acquiring an additional 3,305 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD opened at $1,424.86 on Thursday. The company’s 50 day moving average price is $1,309.30 and its two-hundred day moving average price is $1,273.33. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The firm has a market cap of $28.55 billion, a PE ratio of 32.07, a PEG ratio of 2.88 and a beta of 1.23. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating analysts’ consensus estimates of $10.78 by $0.68. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $10.09 earnings per share. Equities research analysts predict that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Thomas P. Salice sold 417 shares of Mettler-Toledo International stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total value of $600,650.97. Following the completion of the transaction, the director directly owned 292 shares of the company’s stock, valued at $420,599.72. The trade was a 58.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerry Keller sold 240 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total value of $342,513.60. Following the sale, the insider owned 259 shares of the company’s stock, valued at approximately $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,312 shares of company stock valued at $4,750,362 in the last three months. Corporate insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MTD shares. Robert W. Baird decreased their target price on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Wall Street Zen cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Morgan Stanley boosted their price target on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Citigroup decreased their price objective on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Stifel Nicolaus increased their price objective on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $1,461.27.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.