1,309 Shares in Mettler-Toledo International Inc. (NYSE:MTD) Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA acquired a new position in Mettler-Toledo International Inc. (NYSE:MTD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,309 shares of the medical instruments supplier’s stock, valued at approximately $1,616,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Mettler-Toledo International by 242.9% during the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after buying an additional 17 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Mettler-Toledo International during the third quarter worth $37,000. Sound Income Strategies LLC lifted its holdings in Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after buying an additional 45 shares during the period. Huntington National Bank lifted its holdings in Mettler-Toledo International by 20.0% during the third quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock worth $81,000 after buying an additional 9 shares during the period. Finally, Itau Unibanco Holding S.A. lifted its holdings in Mettler-Toledo International by 80.0% during the third quarter. Itau Unibanco Holding S.A. now owns 54 shares of the medical instruments supplier’s stock worth $81,000 after buying an additional 24 shares during the period. Institutional investors own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MTD shares. Stifel Nicolaus lowered their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. Wells Fargo & Company upped their target price 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. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and increased their price objective for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Robert W. Baird increased their price objective on 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. Finally, Wolfe Research began coverage on Mettler-Toledo International in a report on Friday, December 13th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus price target of $1,368.00.

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,285.67 on Monday. The firm has a market capitalization of $26.90 billion, a price-to-earnings ratio of 31.72, a price-to-earnings-growth ratio of 3.30 and a beta of 1.13. The business has a fifty day moving average of $1,285.56 and a 200 day moving average of $1,332.98. Mettler-Toledo International Inc. has a 1 year low of $1,142.91 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping 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%. As a group, equities research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Gerry Keller sold 140 shares of the firm’s 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 completion of the transaction, the insider now owns 6 shares in the company, valued at $7,524.54. This trade represents a 95.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Company 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.