Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by World Investment Advisors

World Investment Advisors boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,980 shares of the medical instruments supplier’s stock after purchasing an additional 136 shares during the period. World Investment Advisors’ holdings in Mettler-Toledo International were worth $3,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $33,000. Edmond DE Rothschild Holding S.A. purchased a new position in Mettler-Toledo International in the 4th quarter valued at $44,000. Blue Trust Inc. increased its stake in 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 buying an additional 17 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the 4th quarter worth $54,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $56,000 after acquiring an additional 45 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,021.97 on Friday. Mettler-Toledo International Inc. has a fifty-two week low of $1,000.72 and a fifty-two week high of $1,546.93. The firm has a market capitalization of $21.30 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15. The stock’s fifty day moving average is $1,264.13 and its two-hundred day moving average is $1,295.07.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. As a group, sell-side analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Activity at Mettler-Toledo International

In related news, insider Christian Magloth sold 790 shares of the 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 transaction of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $964,248.46. This represents a 51.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now directly owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % 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 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.