Mettler-Toledo International Inc. (NYSE:MTD) Shares Purchased by Strategic Global Advisors LLC

Strategic Global Advisors LLC raised its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 4.0% in the 4th quarter, Holdings Channel reports. The fund owned 2,108 shares of the medical instruments supplier’s stock after acquiring an additional 82 shares during the quarter. Strategic Global Advisors LLC’s holdings in Mettler-Toledo International were worth $2,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $33,000. Edmond DE Rothschild Holding S.A. purchased a new position in Mettler-Toledo International in the 4th quarter valued at $44,000. Blue Trust Inc. increased its stake in Mettler-Toledo International by 70.8% in the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $50,000 after buying an additional 17 shares during the period. Whipplewood Advisors LLC purchased a new position in Mettler-Toledo International during the 4th quarter worth $54,000. Finally, Sound Income Strategies LLC raised its position in Mettler-Toledo International by 4,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after buying an additional 45 shares during the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Christian Magloth sold 790 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at $964,248.46. This trade represents a 51.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International Trading Up 1.4%

Shares of MTD opened at $1,158.93 on Friday. Mettler-Toledo International Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93. The firm has a market capitalization of $24.09 billion, a P/E ratio of 28.59, a PEG ratio of 3.30 and a beta of 1.40. The firm’s 50-day moving average is $1,107.03 and its two-hundred day moving average is $1,218.11.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, topping the consensus estimate of $7.90 by $0.29. The business had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.89 EPS. Analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Robert W. Baird lowered their target price on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. Evercore ISI raised their price objective on shares of 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. Citigroup upgraded 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 Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Finally, 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. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Mettler-Toledo International has an average rating of “Hold” and a consensus price target of $1,296.13.

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.