Assenagon Asset Management S.A. Has $47.38 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Assenagon Asset Management S.A. boosted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 19.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,717 shares of the medical instruments supplier's stock after purchasing an additional 6,387 shares during the period. Assenagon Asset Management S.A. owned approximately 0.18% of Mettler-Toledo International worth $47,377,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MTD. Blue Trust Inc. raised its position in Mettler-Toledo International by 242.9% during the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock valued at $34,000 after buying an additional 17 shares during the period. Ashton Thomas Securities LLC bought a new stake in Mettler-Toledo International during the third quarter worth approximately $37,000. Itau Unibanco Holding S.A. acquired a new position in Mettler-Toledo International during the second quarter valued at approximately $42,000. Raleigh Capital Management Inc. raised its position in shares of Mettler-Toledo International by 272.7% in the third quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier's stock valued at $61,000 after purchasing an additional 30 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Mettler-Toledo International by 60.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier's stock worth $72,000 after buying an additional 18 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the completion of the transaction, the insider now directly owns 6 shares of the company's stock, valued at $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Elisha W. Finney sold 76 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the completion of the sale, the director now owns 240 shares of the company's stock, valued at $314,820. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Trading Up 1.4 %

NYSE MTD traded up $18.25 on Thursday, reaching $1,297.98. The company's stock had a trading volume of 105,934 shares, compared to its average volume of 123,633. The firm has a market cap of $27.39 billion, a PE ratio of 35.00, a price-to-earnings-growth ratio of 3.83 and a beta of 1.12. Mettler-Toledo International Inc. has a 52 week low of $1,133.46 and a 52 week high of $1,546.93. The business has a 50-day moving average price of $1,244.08 and a 200 day moving average price of $1,344.96.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, topping the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The business had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Analysts anticipate that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Robert W. Baird lowered their target price on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating on the stock in a research note on Monday, November 11th. 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. Citigroup upgraded Mettler-Toledo International from a "sell" rating to a "neutral" rating and increased their target price for the company from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Evercore ISI raised Mettler-Toledo International from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $1,375.00 to $1,450.00 in a research report on Thursday, January 2nd. Finally, Stifel Nicolaus reduced their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $1,351.25.

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.