Mirabella Financial Services LLP Invests $1.67 Million in Mettler-Toledo International Inc. (NYSE:MTD)

Mirabella Financial Services LLP acquired a new position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 1,365 shares of the medical instruments supplier's stock, valued at approximately $1,670,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $33,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Mettler-Toledo International during the fourth quarter worth about $44,000. Blue Trust Inc. grew its stake in shares of Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after acquiring an additional 17 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Mettler-Toledo International in the 4th quarter valued at $54,000. Finally, Sound Income Strategies LLC grew its stake in Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after purchasing an additional 45 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Trading Down 1.2 %

Shares of MTD stock traded down $12.48 during trading hours on Friday, hitting $1,062.52. 165,723 shares of the company were exchanged, compared to its average volume of 143,187. The stock has a market capitalization of $22.14 billion, a price-to-earnings ratio of 26.22, a P/E/G ratio of 3.30 and a beta of 1.28. The firm has a fifty day simple moving average of $1,160.03 and a 200 day simple moving average of $1,246.63. Mettler-Toledo International Inc. has a 52-week low of $946.69 and a 52-week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. Sell-side analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Citigroup upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective on the stock in a research note on Monday, April 7th. Robert W. Baird reduced their target price on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a research report on Tuesday. Evercore ISI raised their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company cut their price target on shares of Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating for the company in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $1,304.25.

Insider Transactions at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Christian Magloth sold 790 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the transaction, 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.