Mettler-Toledo International Inc. (NYSE:MTD) Stock Holdings Increased by Toronto Dominion Bank

Toronto Dominion Bank lifted its position in Mettler-Toledo International Inc. (NYSE:MTD – Get Rating) by 21.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 15,265 shares of the medical instruments supplier’s stock after buying an additional 2,670 shares during the quarter. Toronto Dominion Bank’s holdings in Mettler-Toledo International were worth $25,908,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTD. Morgan Stanley raised its stake in shares of Mettler-Toledo International by 9.3% in the 2nd quarter. Morgan Stanley now owns 64,742 shares of the medical instruments supplier’s stock worth $89,690,000 after buying an additional 5,515 shares in the last quarter. Signaturefd LLC raised its stake in shares of Mettler-Toledo International by 16.5% in the 3rd quarter. Signaturefd LLC now owns 275 shares of the medical instruments supplier’s stock worth $379,000 after buying an additional 39 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Mettler-Toledo International by 5.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 538 shares of the medical instruments supplier’s stock worth $741,000 after buying an additional 27 shares in the last quarter. Banque Cantonale Vaudoise raised its stake in shares of Mettler-Toledo International by 58.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 1,360 shares of the medical instruments supplier’s stock worth $1,872,000 after buying an additional 500 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. bought a new stake in shares of Mettler-Toledo International in the 3rd quarter worth $220,000. 92.56% of the stock is currently owned by institutional investors.

Shares of NYSE MTD opened at $1,304.58 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 1.11 and a debt-to-equity ratio of 9.22. The stock has a market capitalization of $29.66 billion, a price-to-earnings ratio of 39.75, a PEG ratio of 1.80 and a beta of 1.08. The stock’s fifty day simple moving average is $1,383.44 and its 200 day simple moving average is $1,467.80. Mettler-Toledo International Inc. has a 52-week low of $1,225.56 and a 52-week high of $1,714.75.

Mettler-Toledo International (NYSE:MTD – Get Rating) last issued its quarterly earnings results on Thursday, February 10th. The medical instruments supplier reported $10.53 earnings per share for the quarter, beating analysts’ consensus estimates of $10.07 by $0.46. Mettler-Toledo International had a return on equity of 438.50% and a net margin of 20.68%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter in the previous year, the company posted $9.26 earnings per share. Mettler-Toledo International’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, analysts anticipate that Mettler-Toledo International Inc. will post 38.36 earnings per share for the current year.

In other Mettler-Toledo International news, Director Olivier A. Filliol sold 12,500 shares of the company’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $1,390.27, for a total value of $17,378,375.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Peter Aggersbjerg sold 694 shares of the company’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $1,424.29, for a total value of $988,457.26. The disclosure for this sale can be found here. Insiders have sold 17,540 shares of company stock worth $24,552,512 in the last quarter. 2.80% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on MTD shares. StockNews.com began coverage on Mettler-Toledo International in a research note on Thursday, March 31st. They issued a “buy” rating on the stock. The Goldman Sachs Group cut Mettler-Toledo International from a “neutral” rating to a “sell” rating and set a $1,240.00 target price on the stock. in a report on Thursday, March 10th. Finally, Robert W. Baird lifted their target price on Mettler-Toledo International from $1,531.00 to $1,595.00 in a report on Friday, February 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,471.75.

Mettler-Toledo International Company Profile (Get Rating)

Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in 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, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

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