Mettler-Toledo International Inc. (NYSE:MTD) Stock Holdings Raised by DF Dent & Co. Inc.

DF Dent & Co. Inc. lifted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 66.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,080 shares of the medical instruments supplier’s stock after purchasing an additional 14,033 shares during the period. DF Dent & Co. Inc. owned about 0.17% of Mettler-Toledo International worth $42,927,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Mettler-Toledo International during the 4th quarter valued at approximately $372,954,000. Proficio Capital Partners LLC bought a new stake in Mettler-Toledo International during the fourth quarter valued at $163,216,000. Massachusetts Financial Services Co. MA increased its stake in Mettler-Toledo International by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier’s stock valued at $262,211,000 after purchasing an additional 74,187 shares during the last quarter. Seilern Investment Management Ltd acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth $89,221,000. Finally, AustralianSuper Pty Ltd lifted its position in shares of Mettler-Toledo International by 3,183.2% in the 4th quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier’s stock worth $87,705,000 after buying an additional 69,490 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in 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. Robert W. Baird increased 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. 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 report on Monday, February 10th. Wells Fargo & Company upped 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 note on Monday, February 10th. Finally, Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $1,380.50.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,174.91 on Thursday. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of 28.99, a PEG ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a 1 year low of $1,136.00 and a 1 year high of $1,546.93. The business has a fifty day moving average of $1,275.14 and a 200-day moving average of $1,299.07.

Mettler-Toledo International (NYSE:MTD) last announced its 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 net margin of 22.29% and a negative return on equity of 591.54%. On average, equities research analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christian Magloth sold 790 shares of the business’s 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 owns 734 shares in the company, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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.