Torray Investment Partners LLC Raises Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Torray Investment Partners LLC increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,356 shares of the medical instruments supplier’s stock after purchasing an additional 13 shares during the period. Torray Investment Partners LLC’s holdings in Mettler-Toledo International were worth $1,659,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MTD. Proficio Capital Partners LLC purchased a new stake in Mettler-Toledo International during the 4th quarter worth about $163,216,000. Seilern Investment Management Ltd purchased a new stake in Mettler-Toledo International during the 4th quarter worth about $89,221,000. AustralianSuper Pty Ltd lifted its holdings in Mettler-Toledo International by 3,183.2% during the 4th quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier’s stock worth $87,705,000 after purchasing an additional 69,490 shares in the last quarter. Canoe Financial LP lifted its holdings in Mettler-Toledo International by 576.5% during the 4th quarter. Canoe Financial LP now owns 55,518 shares of the medical instruments supplier’s stock worth $67,936,000 after purchasing an additional 47,311 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Mettler-Toledo International by 13.9% in the 4th quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier’s stock valued at $335,977,000 after acquiring an additional 33,456 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus lowered their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Wolfe Research initiated coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating on the stock. Evercore ISI raised their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research report on Monday, February 10th. Robert W. Baird raised their price target on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company lifted their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $1,368.00.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction 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 transaction, the insider now owns 6 shares in the company, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction 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 transaction, the insider now owns 734 shares of the company’s stock, valued at $964,248.46. The trade was a 51.84 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,269.44 on Tuesday. Mettler-Toledo International Inc. has a fifty-two week low of $1,142.91 and a fifty-two week high of $1,546.93. The firm has a market cap of $26.55 billion, a P/E ratio of 31.32, a P/E/G ratio of 3.30 and a beta of 1.13. The business’s 50 day moving average price is $1,291.90 and its 200-day moving average price is $1,327.92.

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

About Mettler-Toledo International

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.