Entropy Technologies LP Makes New $1.53 Million Investment in Mettler-Toledo International Inc. (NYSE:MTD)

Entropy Technologies LP purchased a new stake in Mettler-Toledo International Inc. (NYSE:MTD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,251 shares of the medical instruments supplier’s stock, valued at approximately $1,531,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC boosted its position in Mettler-Toledo International by 149,870.0% during the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock worth $134,946,000 after acquiring an additional 89,922 shares during the last quarter. Seilern Investment Management Ltd bought a new stake in shares of Mettler-Toledo International in the fourth quarter worth $89,221,000. Canoe Financial LP boosted its holdings in Mettler-Toledo International by 576.5% during the fourth quarter. Canoe Financial LP now owns 55,518 shares of the medical instruments supplier’s stock worth $67,936,000 after purchasing an additional 47,311 shares during the last quarter. Retirement Systems of Alabama grew its position in Mettler-Toledo International by 610.4% in the third quarter. Retirement Systems of Alabama now owns 33,462 shares of the medical instruments supplier’s stock valued at $50,183,000 after purchasing an additional 28,752 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Mettler-Toledo International by 14.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier’s stock valued at $332,634,000 after buying an additional 28,478 shares during the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Trading Up 2.4 %

NYSE:MTD opened at $1,390.00 on Monday. The stock has a 50 day simple moving average of $1,278.92 and a 200 day simple moving average of $1,343.25. The stock has a market cap of $29.33 billion, a P/E ratio of 34.30, a PEG ratio of 4.80 and a beta of 1.13. Mettler-Toledo International Inc. has a 1-year low of $1,133.46 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. As a group, sell-side analysts forecast that Mettler-Toledo International Inc. will post 41.94 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the transaction, the insider now directly owns 6 shares of the company’s stock, valued at $7,524.54. The trade was a 95.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MTD. Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and increased their price target for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Wells Fargo & Company lowered their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Robert W. Baird cut their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. Evercore ISI raised Mettler-Toledo International from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $1,375.00 to $1,450.00 in a report on Thursday, January 2nd. Finally, Stifel Nicolaus cut their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus price target of $1,351.25.

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.