Sumitomo Mitsui DS Asset Management Company Ltd Acquires 46 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,279 shares of the medical instruments supplier’s stock after acquiring an additional 46 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Mettler-Toledo International were worth $2,789,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MTD. Blue Trust Inc. boosted its stake in shares of Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after purchasing an additional 17 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Mettler-Toledo International in the third quarter worth about $37,000. Sound Income Strategies LLC boosted its position in Mettler-Toledo International by 4,500.0% during the 4th 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 in the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of Mettler-Toledo International by 272.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier’s stock worth $61,000 after acquiring an additional 30 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Mettler-Toledo International by 60.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier’s stock worth $72,000 after acquiring an additional 18 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock opened at $1,390.00 on Monday. The company has a 50-day simple moving average of $1,278.92 and a two-hundred day simple moving average of $1,343.25. The stock has a market capitalization of $29.33 billion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13. Mettler-Toledo International Inc. has a 52-week low of $1,133.46 and a 52-week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data 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 net margin of 22.29% and a negative return on equity of 564.51%. As a group, equities research analysts forecast that Mettler-Toledo International Inc. will post 41.94 EPS for the current fiscal year.

Insider Activity

In other news, insider Gerry Keller sold 140 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the transaction, the insider now directly owns 6 shares of the company’s stock, valued at $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

MTD has been the subject of a number of research analyst reports. Wells Fargo & Company lowered their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their target price 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 research note on Friday, December 13th. They issued a “peer perform” rating for the company. Evercore ISI raised shares of Mettler-Toledo International from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $1,375.00 to $1,450.00 in a research note on Thursday, January 2nd. Finally, Stifel Nicolaus decreased their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. One 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. According to data from MarketBeat, Mettler-Toledo International has a consensus rating of “Hold” and an average target price of $1,351.25.

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.