Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by Pitcairn Co.

Pitcairn Co. raised its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 5.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 260 shares of the medical instruments supplier’s stock after buying an additional 14 shares during the period. Pitcairn Co.’s holdings in Mettler-Toledo International were worth $318,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new stake in Mettler-Toledo International in the fourth quarter valued at approximately $372,954,000. Proficio Capital Partners LLC acquired a new stake in Mettler-Toledo International during the 4th quarter valued at $163,216,000. Massachusetts Financial Services Co. MA increased its stake in Mettler-Toledo International by 53.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier’s stock worth $262,211,000 after buying an additional 74,187 shares during the period. Seilern Investment Management Ltd acquired a new position in Mettler-Toledo International in the 4th quarter worth $89,221,000. Finally, AustralianSuper Pty Ltd boosted its position in 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 valued at $87,705,000 after buying an additional 69,490 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were 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 directly owns 6 shares of the company’s stock, valued at $8,108.04. The trade was a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christian Magloth sold 790 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The shares were 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 $964,248.46. The trade was a 51.84 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MTD. Wolfe Research assumed coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating on the stock. Wells Fargo & Company upped 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. Robert W. Baird raised their price target on shares of 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. Citigroup cut their price target on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Finally, Evercore ISI raised their price objective on shares of 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,380.50.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,021.97 on Monday. Mettler-Toledo International Inc. has a 1 year low of $1,000.72 and a 1 year high of $1,546.93. The firm’s 50-day moving average is $1,264.13 and its 200-day moving average is $1,293.69. The company 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.

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

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.