Sherbrooke Park Advisers LLC Invests $245,000 in Mettler-Toledo International Inc. (NYSE:MTD)

Sherbrooke Park Advisers LLC bought a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 200 shares of the medical instruments supplier’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Mettler-Toledo International by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier’s stock worth $332,634,000 after buying an additional 28,478 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Mettler-Toledo International by 367.4% during the fourth quarter. Allworth Financial LP now owns 215 shares of the medical instruments supplier’s stock worth $285,000 after buying an additional 169 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Mettler-Toledo International by 18.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,370 shares of the medical instruments supplier’s stock worth $42,058,000 after buying an additional 5,234 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Mettler-Toledo International by 773.3% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,336 shares of the medical instruments supplier’s stock worth $6,530,000 after buying an additional 4,725 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its holdings in shares of Mettler-Toledo International by 5.8% during the fourth quarter. Impax Asset Management Group plc now owns 198,852 shares of the medical instruments supplier’s stock worth $243,331,000 after buying an additional 10,830 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 734 shares in the company, valued at $964,248.46. This represents a 51.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

MTD has been the subject of a number of research analyst reports. StockNews.com lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Monday, May 5th. Robert W. Baird cut their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Evercore ISI boosted their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Jefferies Financial Group upgraded Mettler-Toledo International from an “underperform” rating to a “hold” rating and lowered their price objective for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Finally, Wells Fargo & Company boosted their price objective on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1,296.13.

Mettler-Toledo International Trading Up 0.2%

MTD opened at $1,159.20 on Tuesday. The stock’s 50 day simple moving average is $1,105.88 and its 200-day simple moving average is $1,216.32. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The stock has a market cap of $24.09 billion, a PE ratio of 28.60, a P/E/G ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $876.61 million. During the same period in the prior year, the company posted $8.89 earnings per share. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Equities analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

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.