Nissay Asset Management Corp Japan ADV Grows Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Nissay Asset Management Corp Japan ADV grew its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,128 shares of the medical instruments supplier’s stock after purchasing an additional 203 shares during the period. Nissay Asset Management Corp Japan ADV owned about 0.07% of Mettler-Toledo International worth $17,437,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Mettler-Toledo International in the fourth quarter worth $33,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Mettler-Toledo International in the fourth quarter worth $44,000. Blue Trust Inc. increased its stake in Mettler-Toledo International by 70.8% in the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock worth $50,000 after purchasing an additional 17 shares during the period. Whipplewood Advisors LLC purchased a new stake in Mettler-Toledo International in the fourth quarter worth $54,000. Finally, Sound Income Strategies LLC increased its stake in 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 worth $56,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MTD. Wells Fargo & Company increased their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an “equal weight” rating in a research note on Monday, May 5th. Robert W. Baird lowered their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Citigroup raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 target price on the stock in a research report on Monday, April 7th. StockNews.com downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Monday, May 5th. Finally, Jefferies Financial Group raised shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and cut their target price for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,296.13.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,119.35 on Thursday. Mettler-Toledo International Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93. The stock has a market capitalization of $23.26 billion, a P/E ratio of 27.62, a P/E/G ratio of 3.30 and a beta of 1.40. The company’s 50-day simple moving average is $1,111.73 and its 200-day simple moving average is $1,220.67.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, beating analysts’ consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The business had revenue of $883.74 million for the quarter, compared to analysts’ expectations of $876.61 million. During the same period last year, the business earned $8.89 EPS. The company’s revenue was down 4.6% compared to the same quarter last year. On average, research analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Activity

In related 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 completion of the sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. This trade represents a 51.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company 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.