Bank Julius Baer & Co. Ltd Zurich Increases Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 14.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,070 shares of the medical instruments supplier's stock after purchasing an additional 1,629 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned about 0.06% of Mettler-Toledo International worth $16,103,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. QRG Capital Management Inc. grew its stake in shares of Mettler-Toledo International by 9.1% during the 3rd quarter. QRG Capital Management Inc. now owns 382 shares of the medical instruments supplier's stock worth $573,000 after acquiring an additional 32 shares in the last quarter. CWA Asset Management Group LLC bought a new position in Mettler-Toledo International in the third quarter valued at $1,428,000. Applied Finance Capital Management LLC increased its stake in Mettler-Toledo International by 2,952.5% in the 3rd quarter. Applied Finance Capital Management LLC now owns 15,629 shares of the medical instruments supplier's stock valued at $23,439,000 after buying an additional 15,117 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in Mettler-Toledo International by 18.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 202 shares of the medical instruments supplier's stock worth $303,000 after buying an additional 32 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Mettler-Toledo International by 14.1% during the 3rd quarter. Assetmark Inc. now owns 437 shares of the medical instruments supplier's stock worth $655,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

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Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now owns 6 shares in the company, valued at approximately $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International 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 sale, the insider now owns 734 shares in the company, valued at $964,248.46. The trade was 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.

Wall Street Analysts Forecast Growth

MTD has been the topic of a number of recent research reports. Evercore ISI lifted their target price on 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 initiated coverage on Mettler-Toledo International in a research note on Friday, December 13th. They set a "peer perform" rating on the stock. Citigroup cut their price objective on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Robert W. Baird boosted their target price on shares of 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, Wells Fargo & Company increased their price target on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Mettler-Toledo International currently has a consensus rating of "Hold" and a consensus price target of $1,380.50.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock traded down $26.25 during trading hours on Wednesday, hitting $1,216.92. The company had a trading volume of 137,909 shares, compared to its average volume of 141,440. The firm has a 50-day moving average of $1,295.68 and a 200 day moving average of $1,321.07. The firm has a market cap of $25.45 billion, a PE ratio of 30.03, a PEG ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a one year low of $1,142.91 and a one year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results 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 negative return on equity of 591.54% and a net margin of 22.29%. As a group, research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

About Mettler-Toledo International

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.