Mettler-Toledo International Inc. (NYSE:MTD) Shares Purchased by Bell Asset Management Ltd

Bell Asset Management Ltd increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 37.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,073 shares of the medical instruments supplier’s stock after buying an additional 1,116 shares during the quarter. Bell Asset Management Ltd’s holdings in Mettler-Toledo International were worth $4,984,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new position in shares of Mettler-Toledo International during the 4th quarter valued at about $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in Mettler-Toledo International in the 4th quarter valued at about $44,000. Blue Trust Inc. grew its stake in shares of 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 acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $54,000. Finally, Sound Income Strategies LLC lifted its holdings in Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $56,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Trading Down 6.7 %

Shares of NYSE MTD opened at $1,021.97 on Monday. The stock has a market cap of $21.30 billion, a P/E ratio of 25.22, a PEG ratio of 3.30 and a beta of 1.28. The business’s fifty day simple moving average is $1,264.13 and its 200-day simple moving average is $1,293.69. Mettler-Toledo International Inc. has a 12-month low of $1,000.72 and a 12-month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. On average, equities analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MTD has been the topic of several recent analyst reports. Robert W. Baird upped their price target on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Wolfe Research began coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. Citigroup lowered their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company boosted their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1,380.50.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares of the company’s stock, valued at $964,248.46. The trade was a 51.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gerry Keller sold 600 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value 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 position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

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.