Asset Management One Co. Ltd. Buys 1,382 Shares of Mettler-Toledo International, Inc. (NYSE:MTD)

Asset Management One Co. Ltd. boosted its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 7.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,991 shares of the medical instruments supplier’s stock after acquiring an additional 1,382 shares during the period. Asset Management One Co. Ltd. owned 0.09% of Mettler-Toledo International worth $22,427,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its stake in Mettler-Toledo International by 9.9% during the 4th quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier’s stock worth $713,627,000 after acquiring an additional 52,726 shares during the period. Geode Capital Management LLC increased its stake in shares of Mettler-Toledo International by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier’s stock valued at $682,340,000 after purchasing an additional 11,032 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Mettler-Toledo International by 6.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 455,739 shares of the medical instruments supplier’s stock valued at $557,680,000 after purchasing an additional 25,873 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Mettler-Toledo International by 131,246.3% in the 1st quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier’s stock valued at $456,018,000 after purchasing an additional 385,864 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Mettler-Toledo International by 36.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier’s stock valued at $444,327,000 after purchasing an additional 96,300 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

MTD has been the topic of several recent analyst reports. Jefferies Financial Group upgraded Mettler-Toledo International from an “underperform” rating to a “hold” rating and decreased their price target for the company from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Barclays initiated coverage on Mettler-Toledo International in a research note on Tuesday. They issued an “overweight” rating and a $1,325.00 price target on the stock. UBS Group upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and decreased their price target for the company from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Robert W. Baird decreased their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. Finally, Citigroup upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 price target on the stock in a research note on Monday, April 7th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $1,304.40.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the transaction, the director now directly owns 120 shares of the company’s stock, valued at approximately $139,191.60. The trade was a 89.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Up 0.9%

NYSE MTD opened at $1,195.86 on Thursday. Mettler-Toledo International, Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93. The company has a market cap of $24.85 billion, a price-to-earnings ratio of 29.82, a price-to-earnings-growth ratio of 3.51 and a beta of 1.38. The business’s fifty day moving average is $1,126.55 and its 200 day moving average is $1,199.44.

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 for the quarter, beating the consensus estimate of $7.90 by $0.29. The company had revenue of $883.74 million for the quarter, compared to the consensus estimate of $876.61 million. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. Mettler-Toledo International’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the business posted $8.89 EPS. On average, research analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal 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.