AustralianSuper Pty Ltd Acquires 69,490 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

AustralianSuper Pty Ltd raised its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 3,183.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 71,673 shares of the medical instruments supplier's stock after acquiring an additional 69,490 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.34% of Mettler-Toledo International worth $87,705,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MTD. International Assets Investment Management LLC lifted its holdings in Mettler-Toledo International by 149,870.0% during the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier's stock worth $134,946,000 after buying an additional 89,922 shares during the period. Seilern Investment Management Ltd acquired a new position in shares of Mettler-Toledo International in the fourth quarter worth approximately $89,221,000. Canoe Financial LP boosted its holdings in Mettler-Toledo International by 576.5% in the fourth quarter. Canoe Financial LP now owns 55,518 shares of the medical instruments supplier's stock valued at $67,936,000 after acquiring an additional 47,311 shares during the last quarter. Retirement Systems of Alabama increased its position in Mettler-Toledo International by 610.4% during the 3rd quarter. Retirement Systems of Alabama now owns 33,462 shares of the medical instruments supplier's stock valued at $50,183,000 after purchasing an additional 28,752 shares during the period. Finally, JPMorgan Chase & Co. increased its position 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 valued at $332,634,000 after purchasing an additional 28,478 shares during the period. Institutional investors and hedge funds own 95.07% of the company's stock.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.94% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MTD. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a "peer perform" rating on the stock. Citigroup raised Mettler-Toledo International from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Stifel Nicolaus cut their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a research report on Monday, November 11th. Robert W. Baird raised their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Finally, Evercore ISI boosted their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $1,368.00.

Mettler-Toledo International Trading Up 2.5 %

NYSE MTD traded up $32.04 during mid-day trading on Wednesday, hitting $1,305.22. The company's stock had a trading volume of 151,884 shares, compared to its average volume of 137,734. The firm has a market capitalization of $27.31 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 3.22 and a beta of 1.13. The company's 50 day simple moving average is $1,284.19 and its 200 day simple moving average is $1,334.52. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month 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 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%. As a group, research analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS 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.