Financiere des Professionnels Fonds d investissement inc. Raises Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Financiere des Professionnels Fonds d investissement inc. lifted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 68.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,571 shares of the medical instruments supplier’s stock after purchasing an additional 2,272 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Mettler-Toledo International were worth $6,817,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of MTD. Exchange Traded Concepts LLC raised its stake in shares of Mettler-Toledo International by 2,300.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 144 shares of the medical instruments supplier’s stock worth $216,000 after buying an additional 138 shares in the last quarter. Creative Planning raised its stake in shares of Mettler-Toledo International by 2.3% during the 3rd quarter. Creative Planning now owns 2,761 shares of the medical instruments supplier’s stock worth $4,141,000 after buying an additional 63 shares in the last quarter. Bleakley Financial Group LLC raised its stake in shares of Mettler-Toledo International by 1.2% during the 3rd quarter. Bleakley Financial Group LLC now owns 757 shares of the medical instruments supplier’s stock worth $1,135,000 after buying an additional 9 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Mettler-Toledo International by 7.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,233 shares of the medical instruments supplier’s stock worth $3,349,000 after buying an additional 162 shares in the last quarter. Finally, Aaron Wealth Advisors LLC purchased a new position in shares of Mettler-Toledo International during the 3rd quarter worth approximately $247,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD opened at $1,273.44 on Monday. Mettler-Toledo International Inc. has a one year low of $1,142.91 and a one year high of $1,546.93. The stock has a market cap of $26.87 billion, a PE ratio of 31.42, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13. The business’s fifty day moving average price is $1,284.29 and its two-hundred day moving average price is $1,338.69.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. As a group, equities research analysts predict that Mettler-Toledo International Inc. will post 41.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, insider Gerry Keller sold 140 shares of the stock in a transaction 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 transaction, the insider now directly owns 6 shares of the company’s stock, valued at approximately $7,524.54. This trade represents a 95.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.94% of the company’s stock.

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.