Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH lifted its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 997.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,536 shares of the medical instruments supplier’s stock after purchasing an additional 2,305 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Mettler-Toledo International were worth $3,103,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Mettler-Toledo International in the 4th quarter worth $372,954,000. Proficio Capital Partners LLC purchased a new stake in shares of Mettler-Toledo International in the fourth quarter valued at about $163,216,000. T. Rowe Price Investment Management Inc. increased its position in Mettler-Toledo International by 36.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier’s stock worth $444,327,000 after purchasing an additional 96,300 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Mettler-Toledo International by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier’s stock worth $262,211,000 after purchasing an additional 74,187 shares during the period. Finally, Seilern Investment Management Ltd acquired a new position in Mettler-Toledo International in the 4th quarter valued at about $89,221,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

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 that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the transaction, the insider now owns 734 shares in the company, valued at approximately $964,248.46. The trade was a 51.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.94% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MTD shares. Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Robert W. Baird cut their target price on 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. Jefferies Financial Group upgraded Mettler-Toledo International from an “underperform” rating to a “hold” rating and reduced their target price for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. StockNews.com cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Finally, Wells Fargo & Company boosted their price objective on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus target price of $1,296.13.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,145.70 on Friday. The company has a fifty day moving average of $1,108.72 and a two-hundred day moving average of $1,219.65. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The company has a market capitalization of $23.81 billion, a PE ratio of 28.27, a P/E/G ratio of 3.30 and a beta of 1.40.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The firm had revenue of $883.74 million for the quarter, compared to the consensus estimate of $876.61 million. During the same quarter last year, the business posted $8.89 EPS. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. On average, research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share 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.