Jacobi Capital Management LLC Acquires 15 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Jacobi Capital Management LLC lifted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 180 shares of the medical instruments supplier’s stock after buying an additional 15 shares during the period. Jacobi Capital Management LLC’s holdings in Mettler-Toledo International were worth $220,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MTD. Robeco Institutional Asset Management B.V. increased its holdings in shares of Mettler-Toledo International by 46.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 29,136 shares of the medical instruments supplier’s stock worth $43,695,000 after buying an additional 9,306 shares during the last quarter. Donaldson Capital Management LLC increased its holdings in shares of Mettler-Toledo International by 2.2% in the 3rd quarter. Donaldson Capital Management LLC now owns 3,182 shares of the medical instruments supplier’s stock worth $4,772,000 after buying an additional 68 shares during the last quarter. National Pension Service grew its holdings in Mettler-Toledo International by 8.0% during the 3rd quarter. National Pension Service now owns 34,039 shares of the medical instruments supplier’s stock valued at $51,048,000 after purchasing an additional 2,521 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in Mettler-Toledo International by 4.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 18,545 shares of the medical instruments supplier’s stock valued at $27,812,000 after purchasing an additional 813 shares during the last quarter. Finally, QRG Capital Management Inc. grew its holdings in Mettler-Toledo International by 9.1% during the 3rd quarter. QRG Capital Management Inc. now owns 382 shares of the medical instruments supplier’s stock valued at $573,000 after purchasing an additional 32 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insider Transactions at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $964,248.46. This represents a 51.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gerry Keller sold 600 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the sale, the insider now directly owns 6 shares of the company’s stock, valued at $8,108.04. The trade was a 99.01 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wells Fargo & Company upped their price target on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and upped their price target for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They set a “peer perform” rating on the stock. Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday, February 10th. Finally, Robert W. Baird upped their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and a consensus price target of $1,368.00.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock opened at $1,269.44 on Tuesday. The stock has a market cap of $26.55 billion, a price-to-earnings ratio of 31.32, a price-to-earnings-growth ratio of 3.30 and a beta of 1.13. Mettler-Toledo International Inc. has a 1 year low of $1,142.91 and a 1 year high of $1,546.93. The firm has a 50-day moving average of $1,291.90 and a two-hundred day moving average of $1,327.92.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. Research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current 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.