2,620 Shares in Mettler-Toledo International Inc. (NYSE:MTD) Bought by Nutshell Asset Management Ltd

Nutshell Asset Management Ltd acquired a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,620 shares of the medical instruments supplier's stock, valued at approximately $3,206,000. Mettler-Toledo International makes up approximately 2.0% of Nutshell Asset Management Ltd's portfolio, making the stock its 16th biggest position.

Several other institutional investors have also recently bought and sold shares of the business. State Street Corp raised its holdings in shares of Mettler-Toledo International by 1.0% in the third quarter. State Street Corp now owns 954,653 shares of the medical instruments supplier's stock valued at $1,431,693,000 after purchasing an additional 9,009 shares during the last quarter. Alliancebernstein L.P. increased its stake in Mettler-Toledo International by 9.9% in the 4th quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier's stock valued at $713,627,000 after buying an additional 52,726 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Mettler-Toledo International by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier's stock worth $682,340,000 after buying an additional 11,032 shares in the last quarter. Norges Bank bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $372,954,000. Finally, Principal Financial Group Inc. increased its position in shares of Mettler-Toledo International by 13.9% during the fourth quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier's stock valued at $335,977,000 after acquiring an additional 33,456 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

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Insiders Place Their Bets

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the transaction, the insider now directly owns 6 shares in the company, valued at $8,108.04. This represents a 99.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the sale, the insider now owns 734 shares of the company's stock, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MTD. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective for the company in a research note on Monday. Evercore ISI lifted 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 research report on Monday, February 10th. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a "peer perform" rating for the company. Wells Fargo & Company lifted their price target on shares of 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. Finally, 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. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Mettler-Toledo International currently has a consensus rating of "Hold" and a consensus target price of $1,380.50.

Mettler-Toledo International Trading Down 4.3 %

Shares of NYSE MTD traded down $45.14 during mid-day trading on Thursday, hitting $1,016.52. The company had a trading volume of 244,049 shares, compared to its average volume of 137,190. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The company has a market capitalization of $21.19 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 3.30 and a beta of 1.28. The stock's 50-day moving average price is $1,230.71 and its 200-day moving average price is $1,281.55.

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 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, equities research analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

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.