Optas LLC Invests $225,000 in Mettler-Toledo International Inc. (NYSE:MTD)

Optas LLC acquired a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 184 shares of the medical instruments supplier’s stock, valued at approximately $225,000.

A number of other large investors also recently bought and sold shares of the business. Conestoga Capital Advisors LLC boosted its position in Mettler-Toledo International by 9.9% during the 4th quarter. Conestoga Capital Advisors LLC now owns 343 shares of the medical instruments supplier’s stock valued at $420,000 after acquiring an additional 31 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Mettler-Toledo International by 773.3% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,336 shares of the medical instruments supplier’s stock worth $6,530,000 after purchasing an additional 4,725 shares during the last quarter. Caprock Group LLC boosted its position in Mettler-Toledo International by 11.4% during the fourth quarter. Caprock Group LLC now owns 487 shares of the medical instruments supplier’s stock valued at $596,000 after purchasing an additional 50 shares in the last quarter. Mediolanum International Funds Ltd grew its stake in Mettler-Toledo International by 47.0% in the fourth quarter. Mediolanum International Funds Ltd now owns 5,307 shares of the medical instruments supplier’s stock valued at $6,458,000 after purchasing an additional 1,696 shares during the last quarter. Finally, Drystone LLC bought a new position in Mettler-Toledo International in the fourth quarter worth about $3,853,000. Institutional investors own 95.07% of the company’s stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the transaction, the insider now directly owns 6 shares of the company’s stock, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Elisha W. Finney sold 76 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the sale, the director now directly owns 240 shares in the company, valued at $314,820. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating on the stock. Wells Fargo & Company decreased their price objective on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Evercore ISI upgraded Mettler-Toledo International from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $1,375.00 to $1,450.00 in a research note on Thursday, January 2nd. Finally, Robert W. Baird decreased their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $1,351.25.

Mettler-Toledo International Stock Down 0.3 %

Shares of NYSE:MTD opened at $1,338.90 on Wednesday. Mettler-Toledo International Inc. has a 52-week low of $1,133.46 and a 52-week high of $1,546.93. The stock has a market cap of $28.25 billion, a price-to-earnings ratio of 36.10, a PEG ratio of 4.83 and a beta of 1.13. The business has a 50-day moving average price of $1,269.38 and a 200-day moving average price of $1,343.05.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. The company had revenue of $954.54 million during the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. As a group, equities analysts anticipate that Mettler-Toledo International Inc. will post 40.42 EPS 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.