Arrowstreet Capital Limited Partnership boosted its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 558.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,316 shares of the medical instruments supplier's stock after buying an additional 38,433 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.21% of Mettler-Toledo International worth $55,452,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Mettler-Toledo International by 14.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier's stock worth $332,634,000 after purchasing an additional 28,478 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Mettler-Toledo International by 14.3% in the third quarter. M&T Bank Corp now owns 4,926 shares of the medical instruments supplier's stock worth $7,387,000 after buying an additional 615 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Mettler-Toledo International by 367.4% in the fourth quarter. Allworth Financial LP now owns 215 shares of the medical instruments supplier's stock worth $285,000 after buying an additional 169 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Mettler-Toledo International by 29.8% in the fourth quarter. Nordea Investment Management AB now owns 105,823 shares of the medical instruments supplier's stock valued at $129,919,000 after acquiring an additional 24,285 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in Mettler-Toledo International by 18.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 34,370 shares of the medical instruments supplier's stock valued at $42,058,000 after acquiring an additional 5,234 shares in the last quarter. 95.07% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
MTD has been the subject of a number of recent analyst reports. Evercore ISI boosted their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Wolfe Research began coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a "peer perform" rating for the company. Wells Fargo & Company raised their price target on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. Robert W. Baird boosted their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Finally, Citigroup lowered their target price on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $1,380.50.
Read Our Latest Stock Analysis on Mettler-Toledo International
Mettler-Toledo International Stock Performance
NYSE:MTD traded down $73.27 during mid-day trading on Friday, reaching $1,021.97. The stock had a trading volume of 424,774 shares, compared to its average volume of 133,519. Mettler-Toledo International Inc. has a one year low of $1,000.72 and a one year high of $1,546.93. The firm has a 50 day moving average price of $1,264.13 and a two-hundred day moving average price of $1,293.69. The stock has a market capitalization of $21.30 billion, a P/E ratio of 25.22, a P/E/G ratio of 3.30 and a beta of 1.28.
Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping 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%. Research analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.
Insider Buying and Selling at Mettler-Toledo International
In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 734 shares in the company, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 600 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $8,108.04. This represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company's stock.
Mettler-Toledo International Profile
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Free Report)
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.
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