Fox Run Management L.L.C. Makes New Investment in Mettler-Toledo International Inc. (NYSE:MTD)

Fox Run Management L.L.C. acquired a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 260 shares of the medical instruments supplier’s stock, valued at approximately $318,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MTD. KLP Kapitalforvaltning AS acquired a new stake in Mettler-Toledo International during the fourth quarter worth about $19,069,000. Hillsdale Investment Management Inc. acquired a new stake in Mettler-Toledo International during the 4th quarter worth approximately $746,000. Mizuho Securities USA LLC raised its holdings in Mettler-Toledo International by 45.3% in the fourth quarter. Mizuho Securities USA LLC now owns 2,000 shares of the medical instruments supplier’s stock valued at $2,447,000 after buying an additional 624 shares during the period. Quantbot Technologies LP acquired a new position in Mettler-Toledo International during the fourth quarter valued at approximately $2,577,000. Finally, Beddow Capital Management Inc. grew its stake in Mettler-Toledo International by 37.5% during the fourth quarter. Beddow Capital Management Inc. now owns 1,125 shares of the medical instruments supplier’s stock worth $1,377,000 after buying an additional 307 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on MTD. Citigroup cut 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 note on Tuesday, March 4th. Wells Fargo & Company boosted 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. 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 research note on Monday, February 10th. Wolfe Research initiated coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating on the stock. Finally, Robert W. Baird increased their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $1,380.50.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the business’s stock in a transaction 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 in the company, valued at $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 6 shares in the company, valued at approximately $8,108.04. The trade was 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 insiders.

Mettler-Toledo International Trading Down 0.5 %

MTD stock opened at $1,188.98 on Thursday. The company has a market capitalization of $24.78 billion, a P/E ratio of 29.34, a PEG ratio of 3.30 and a beta of 1.15. The firm has a 50 day simple moving average of $1,288.27 and a 200-day simple moving average of $1,306.35. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share 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%. On average, research analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Mettler-Toledo International Company 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.