Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by DF Dent & Co. Inc.

DF Dent & Co. Inc. grew its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 66.7% in the 4th quarter, HoldingsChannel reports. The firm owned 35,080 shares of the medical instruments supplier’s stock after acquiring an additional 14,033 shares during the quarter. DF Dent & Co. Inc.’s holdings in Mettler-Toledo International were worth $42,927,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Mettler-Toledo International during the fourth quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $44,000. Blue Trust Inc. lifted its position in shares of Mettler-Toledo International by 70.8% in the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $50,000 after acquiring an additional 17 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International in the 4th quarter worth approximately $54,000. Finally, Sound Income Strategies LLC boosted its stake in Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MTD. Evercore ISI increased their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Wells Fargo & Company increased their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Robert W. Baird lifted their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Wolfe Research started coverage on Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating on the stock. Finally, Citigroup decreased their price target on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International has a consensus rating of “Hold” and an average price target of $1,380.50.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,174.91 on Thursday. The stock has a 50-day simple moving average of $1,275.14 and a 200-day simple moving average of $1,299.07. Mettler-Toledo International Inc. has a 52-week low of $1,136.00 and a 52-week high of $1,546.93. The firm has a market cap of $24.49 billion, a price-to-earnings ratio of 28.99, a P/E/G ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. As a group, equities research analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction that occurred 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 transaction, the insider now owns 734 shares of the company’s stock, valued at $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 600 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 6 shares of the company’s stock, valued at approximately $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

About Mettler-Toledo International

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.